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POLITICS

&

SOCIETYAgingpopulationinSouthKoreaCHAPTER

01OverviewPopulationofSouthKoreafrom1960withprojectionsto2072,byagegroup(inmillions)PopulationprojectionsSouthKorea1960-2072,byagegroup0-14years15-64years65yearsandolder40353025201510503Description:ThetotalpopulationofSouthKoreaasof2024wasprojectedtobearound51.75million.Additionally,almostthreequartersofthepopulationwereaged15to64yearsold.However,thedemographicsareexpectedtochangesignificantlyinthecomingyears.Thirtyyearsfromnow,thenumberofpeopleaged15to64isestimatedtodropbyathird,whilethenumberofolderpeopleisbelievedtomorethandouble.Meanwhile,thetotalpopulationisexpectedtodropbyaroundsixmillion[...]

ReadmoreNote(s):SouthKorea;1960to2022;*Projections.ReadmoreSource(s):KOSIS;StatisticsKoreaWorkingagepopulationinSouthKoreafrom1960to2022withprojectionsuntil2072(inmillions)WorkingagepopulationSouthKorea1960-20724037.3836.7436.5736.2136.3334.1733.7353025201510529.729.0324.4523.7220.6917.5417.1116.5813.70196019701980199020002010202020222023*2024*2030*2040*2050*2060*2070*2072*4Description:TheworkingagepopulationofSouthKorea,whichincludesthoseaged15to64years,wasestimatedtoreacharound36.3millionin2024.SouthKorea'sworkingagepopulationisexpectedtomorethanhalveby2072.

ReadmoreNote(s):SouthKorea;1960to2022;15-64years;*Projections.Figureshavebeenrounded.ReadmoreSource(s):KOSIS;StatisticsKoreaSouthKorea:Medianageofthepopulationfrom1950to2021,withprojectionsuntil2100(inyears)MedianageofthepopulationinSouthKorea2021706050403020105Description:DemographicdevelopmentinSouthKoreainthefinaldecadesofthe21stcenturysawrapidchangeacrossitssociety.InSouthKorea,theaverageageofthepopulationrosefrombelow20yearsinthelate-70stoaround45yearstoday,anditisprojectedtorisetoover62yearsin2080.Withoneofthelowestfertilityratesintheworld,populationagingisoneofthelargestchallengesfacingSouthKoreatoday.Iftheseprojectionscometrue,thenSouthKoreaisoncoursetosoonhavea[...]

ReadmoreNote(s):SouthKorea;1950to2022Source(s):UnitedNationsAveragenumberofbirthsperwomaninSouthKoreafrom1970to2023BirthrateinSouthKorea1970-20235.04.54.03.53.02.52.01.51.00.50.01970

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20226Description:In2023,thebirthrateinSouthKorealayat0.72birthsperwoman.Thecountryhaslongbeenstrugglingwithadecliningbirthrate,firstdroppingbelowonebirthperwomanin2018.ReadmoreNote(s):SouthKorea;1970to2023Source(s):StatisticsKoreaLifeexpectancyatbirthinSouthKoreafrom1970to2022(inyears)LifeexpectancyatbirthSouthKorea1970-20228580757065607Description:In2022,theaveragelifeexpectancyatbirthinSouthKoreawas82.7years.Thisrepresentsaslightdecreasecomparedtothepreviousyear.Lifeexpectancyhasincreasedsteadilysince2008,whenitwas80.2years.Overall,womenshowhigherlifeexpectanciesthanmen,adifferenceofaroundsixyears.ReadmoreNote(s):SouthKorea;1970to2022Source(s):StatisticsKoreaMortalityrateinSouthKoreafrom1970to2023(per1,000population)DeathrateSouthKorea1970-20238.58.07.57.06.56.05.55.04.51970

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20228/statistics/621091/south-korea-total-death-rateAccordingtoestimates,themortalityrateinSouthKoreawasexpectedtodecreaseto6.9deathsper1,000peoplein2023,from7.3deathsper1,000peopleinthepreviousyear.Themortalityratein2022wasthehighestrecordedinthelast40years.ReadmoreNote(s):SouthKorea;1970to2023;*Preliminary.ReadmoreSource(s):KOSIS;StatisticsKoreaCHAPTER

02ElderlypopulationTotalpopulationaged65yearsandolderinSouthKoreafrom1960to2022withprojectionsto2072(inmillions)ElderlypopulationSouthKorea1960-2072201816141218.9118.6817.6817.4617.2717.1512.989.949.441088.988.578.155.3763.3942.21.4620.990.7301960197019801990200020102020202120222023*

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2072*10Description:In2022,thepopulationaged65andoverinSouthKoreawasaroundninemillion.Theelderlypopulationisexpectedtocontinuetogrowandmorethandouble,reachingapeakofaround19millionby2050.

ReadmoreNote(s):SouthKorea;1960to2022;*Projections.Valueshavebeenrounded.ReadmoreSource(s):KOSIS;StatisticsKoreaPopulationaged65yearsandolderinSouthKoreafrom2000to2023(inmillions)ElderlypopulationSouthKorea2000-2023121089.739.278.858.58.037.657.3676.786.526.255.985.765.515.275.074.864.564.324.123.93.714203.533.362000

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202311Description:In2023,thenumberofpeopleaged65andolderinSouthKoreawasalmosttenmillion.TheelderlypopulationinSouthKoreahasincreasedsteadilyinrecentdecadesandhasmorethantripledsince2000.

ReadmoreNote(s):SouthKorea;2000to2023;65yearsandolderSource(s):KOSIS;MinistryoftheInteriorandSafety(SouthKorea)Shareofpopulationaged65yearsandolderinSouthKoreafrom2000to2023ElderlypopulationshareSouthKorea2000-202320%18%16%14%12%10%8%6%4%2%0%2000

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202312Description:In2023,thepopulationaged65orolderinSouthKoreamadeupapproximately19percentofthetotalpopulation.Theshareofolderpeopleinthetotalpopulationhasalmosttripledinthelasttwodecades.

ReadmoreNote(s):SouthKorea;2000to2023Source(s):KOSIS;MinistryoftheInteriorandSafety(SouthKorea)Shareofpopulationaged65yearsandolderinSouthKoreain2023,byprovinceShareofelderlypopulationSouthKorea2023,byprovinceShareofelderlypopulation15%0%5%10%20%25%30%GyeongbukGyeongnamJeonnamChungbukDaegu26.1%24.7%24.1%24%22.6%JeonbukChungnamJeju21.3%20.8%20.6%IncheonSeoulNationwideBusan19.6%19%19%18.5%Ulsan17%13Description:In2023,GyeongbukProvincehadthehighestproportionofpeopleaged65andoverinSouthKorea,withtheelderlymakingupmorethan26percentofSouthKorea'stotalpopulation.Gyeongnamfollowedwitharound24.7percent.

ReadmoreNote(s):SouthKorea;2023Source(s):KOSIS;MinistryoftheInteriorandSafety(SouthKorea)ShareofelderlyhouseholdsinSouthKoreafrom2000to2020withprojectionsto2050ShareofelderlyhouseholdsSouthKorea2000-205060%50%40%30%20%49.8%43.1%33%22.4%16.7%11.9%200010%0%201020202030*2040*2050*14Description:In2020,elderlyhouseholdsaccountedforroughly22percentofallhouseholdsinSouthKorea.ThenumberofolderhouseholdsisexpectedtocontinueincreasingandmakeuparoundhalfofallhouseholdsinSouthKoreaby2050.

ReadmoreNote(s):SouthKorea;2000to2020;*Estimates.ReadmoreSource(s):StatisticsKoreaCHAPTER

03HealthstatusLifeexpectancyattheageof65yearsinSouthKoreainselectedyearsfrom1970to2022,bygenderLifeexpectancyat65yearsSouthKorea1970-2022,bygenderMenWomen2523.5823.7122.7521.2119.2419.322018.6118.216.6916.8315.5514.9214.341510512.5810.610.2201970198019902000201020202021202216Description:In2022,menaged65inSouthKoreawereexpectedtoliveanaverageofabout19moreyears,whilewomenaged65wereexpectedtolivearound23moreyearsonaverage.Thelifeexpectancyoftheelderlypopulationhasgraduallyincreasedsincethe1970s.ReadmoreNote(s):SouthKorea;1970to2022Source(s):StatisticsKoreaLeadingcausesofdeathamongpeopleaged65yearsandolderinSouthKoreain2022(per100,000population)MaincausesofdeathamongtheelderlySouthKorea2022Numberoffatalitiesper100,000population0100200300400500600700800900MalignantneoplasmCardiovasculardiseaseCOVID-19783.9337.9331.3Pneumonia286.8Cerebrovasculardisease254.217Description:In2022,malignantneoplasmwasthecauseofdeathfor783.9peopleper100,000populationamongelderlypeopleinSouthKoreaaged65yearsandolder.Thismadeittheleadingcauseofdeathforseniorsthatyear,faraheadofothercommoncausessuchascardiovasculardiseaseandCOVID-19.ReadmoreNote(s):SouthKorea;2022;65yearsandolderSource(s):StatisticsKoreaShareofpeopleaged65yearsandolderreceivinglong-termcareinSouthKoreafrom2013to2022Shareofolderpeoplereceivinglong-termcareSouthKorea2013-202212%10%8%10.5%10.3%9.7%9.2%8.4%7.6%7.1%6.6%6.2%5.7%6%4%2%0%201320142015201620172018201920202021202218Description:In2022,about10.5percentofthepopulationaged65yearsandolderreceivedlong-termcareinSouthKorea,anincreasecomparedtothepreviousyear.Theshareofelderlyreceivinglong-termcarehassteadilyincreasedinrecentyears.

ReadmoreNote(s):SouthKorea;2013to2022;65yearsandolderSource(s):StatisticsKoreaSelf-perceivedhealthstatusamongpeopleaged65yearsandolderinSouthKoreain2022Self-perceivedgeneralhealthamongelderlySouthKorea202245%40%35%39.7%28.8%30%24.2%25%20%15%10%5%4.4%2.8%0%VerygoodGoodFairBadVerybad19Description:In2022,approximately40percentofpeopleaged65andaboveinSouthKoreareportedhavingfairself-perceivedgeneralhealth.About33percentperceivedtheirhealthstatusasbadorverybad.

ReadmoreNote(s):SouthKorea;2022;65yearsandolderSource(s):StatisticsKoreaCHAPTER

04EmploymentandfinancialstatusNumberofemployedpopulationaged65yearsandolderinSouthKoreafrom2012to2023(in1,000s)NumberofworkingelderlypopulationSouthKorea2012-20233,5003,0002,5003,2652,9922,7742,5382,3112,1662,0681,9851,9542,0001,5001,0005001,8511,73302012201320142015201620172018201920202021202221Description:In2022,morethan3.2millionpeopleaged65yearsandolderinSouthKoreawereemployed,showinganincreasecomparedtothepreviousyear.Theemploymentrateofolderpeoplestoodatabout36percentthatyear.

ReadmoreNote(s):SouthKorea;2012to2022;65yearsandolderSource(s):StatisticsKoreaEmploymentrateofpeopleaged65yearsandolderinSouthKoreafrom2012to2022EmploymentrateoftheelderlySouthKorea2012to202236.2%34.9%34.1%35%32.9%31.3%31.1%30.7%30.6%30.6%30.4%30.1%30%25%20%15%10%5%0%2012201320142015201620172018201920202021202222Description:In2022,theemploymentrateofolderpeopleinSouthKoreastoodataround36percent.TheemploymentrateofelderlycitizensinSouthKoreahassteadilyincreasedinrecentyears.

ReadmoreNote(s):SouthKorea;2012to2022;65yearsandolderSource(s):StatisticsKoreaAveragenetworthofelderlyhouseholdsinSouthKoreafrom2015to2022(inmillionSouthKoreanwon)NetworthofelderlyhouseholdsSouthKorea2015-2022500450400453.64410.48349.54336.76335.7135030025020015010050307.67296.36279.6102015201620172018201920202021202223/statistics/1463678/south-korea-net-worth-of-elderly-householdsIn2022,householdswithaheadofhouseholdaged65andaboveinSouthKoreahadanaveragenetworthofaround454millionSouthKoreanwon,showinganincreasefromthepreviousyear.Themajorityofnetworthwasattributedtorealestate.ReadmoreNote(s):SouthKorea;2015to2022;householdswhoseheadsofhouseholdswereaged65yearsandaboveSource(s):BankofKorea;FinancialSupervisoryService;StatisticsKoreaValueofdebtofelderlyhouseholdsinSouthKoreafrom2015to2022(inmillionSouthKoreanwon)ElderlyhouseholddebtSouthKorea2015-2022605049.2545.6744.7242.5941.7941.1139.9140302010037.712015201620172018201920202021202224Description:In2022,householdswithaheadofhouseholdaged65andaboveinSouthKoreahadanaveragedebtofabout49millionSouthKoreanwon,upfromabout45.7millioninthepreviousyear.ElderlyhouseholddebtinSouthKoreahasincreasedinrecentyears.ReadmoreNote(s):SouthKorea;2015to2022;householdswhoseheadsofhouseholdswereaged65yearsandaboveSource(s):BankofKorea;FinancialSupervisoryService;StatisticsKoreaRelativepovertyrateofpeopleagedover65yearsinSouthKoreafrom2014to2021RelativepovertyrateoftheelderlySouthKorea2014-202150%46%45%44.3%44%43.4%43.2%45%40%35%30%25%20%15%10%5%40.4%39.3%0%2014201520162017201820192020202125Description:In2021,morethan39percentofpeopleover65yearsinSouthKoreawerelivinginrelativepoverty.ThiswasoneofthehighestratesamongmemberstatesoftheOrganizationforEconomicCo-operationandDevelopment(OECD).

ReadmoreNote(s):SouthKorea;2014to2021;66yearsandolderSource(s):BankofKorea;FinancialSupervisoryService;StatisticsKoreaCHAPTER

05HealthcarefacilitiesNumberofwelfarefacilitiesforpeopleaged65yearsandolderinSouthKoreafrom2008to2022(in1,000s)NumberofwelfarefacilitiesfortheelderlySouthKorea2008-20221009089.785.2382.5479.3877.48075.7176.3775.0373.7772.8671.8770.6469.2466.8570605040302010063.9220082009201020112012201320142015201620172018201920202021202227Description:In2022,therewereover89,000welfarefacilitiesforseniorcitizensinSouthKorea.Morethan10,000ofsuchfacilitieswereaddedtothetotalsince2019.Oftheseniorwelfarefacilitiesin2022,almost70,000ofthemwereleisurewelfarefacilitiesforseniors.ReadmoreNote(s):SouthKorea;2008to2022Source(s):KOSIS;MOHW(SouthKorea)Numberofwelfarefacilitiesforpeopleaged65yearsandolderinSouthKoreain2022,bytypeNumberofwelfarefacilitiesfortheelderlySouthKorea2022,bytype80,00069,78670,00060,00050,00040,00030,00020,00010,000013,2726,069308LeisurewelfarefacilitiesHomecareservicesMedicalwelfarefacilitiesResidentialwelfarefacilities28Description:In2022,therewereover89,000welfarefacilitiesforelderlycitizensinSouthKorea.Ofthewelfarefacilities,almost70,000ofthemwereleisurewelfarefacilitiesforolderpeople.

ReadmoreNote(s):SouthKorea;2022Source(s):StatisticsKoreaNumberoffacilitiesforlong-termcareinsurancefortheelderlyinSouthKorea2012to2022Numberoflong-termcarefacilitiesfortheelderlySouthKorea2012-20227,0006,1505,9885,7636,0005,5435,3045,3205,1875,0854,8715,0004,0003,0002,0001,00004,6484,3262012201320142015201620172018201920202021202229Description:In2022,thenumberoflong-termcareinsurancefacilitiesfortheelderlyinSouthKoreastoodat6,150people.Thenumberofsuchfacilitieshasbeengraduallyincreasingoverthepastdecade.

ReadmoreNote(s):SouthKorea;2012to2022Source(s):MOHW(SouthKorea);NHISNumberoffacilitiesforlong-termcareinsurancefortheelderlyinSouthKoreain2022,bytypeNumberoflong-termcarefacilitiesfortheelderlySouthKorea2022,bytype4,5004,1324,0003,5003,0002,5002,0001,5001,0005001,8560CarefacilitiesfortheelderlyAcommonresidentialhouseholdforthecareoftheelderly30Description:In2022,thetotalnumberoflong-termcarefacilitiesfortheelderlyinSouthKoreaamountedto4,132.Therewasalsocommonresidentialhousingfortheelderly,ofwhichtherewere1,852facilitiesthatyear.

ReadmoreNote(s):SouthKorea;2022Source(s):MOHW(SouthKorea);NHISCHAPTER

06EconomicimpactAgingindexinSouthKoreafrom1960to2022withprojectionsuntil2072AgingindexSouthKorea1960-2072800738.6733726.87006005004003002001000636.9504442.2312181.2165.4151139.42021129.3202067.234.3207.211.26.91960197019801990200020102022

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2072*32Description:Accordingtoestimatesfor2024,therewillbe181.2elderlypeopleforevery100youngpeopleinSouthKorea.Theratiobetweentheolderandyoungerpopulationshasrapidlyincreasedinrecentyears.

ReadmoreNote(s):SouthKorea;1960to2022;*Projections.Referstotheratiobetweentheolderpopulation(65yearsandolder)andtheyoungerpopulation(0-14years).Itrepresentsthenumberoftheolderpeopleper100peopleundertheageof14.

ReadmoreSource(s):KOSIS;StatisticsKoreaAgedependencyratioinSouthKoreafrom2002to2022AgedependencyratioSouthKorea2002-20224540.9739.9439.54

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202233Description:TheagedependencyratioinSouthKoreaincreasedbyonepercentagepoints(+2.5percent)in2022incomparisontothepreviousyear.With40.97percent,theratiotherebyreacheditshighestvalueintheobservedperiod.

ReadmoreNote(s):SouthKorea;2002to2022Source(s):WorldBankOld-agedependencyratioinSouthKoreafrom1960to2022withprojectionsuntil2072Old-agedependencyratioSouthKorea1960-207212010080103.3

103.6104.290.377.359.160384027.425.824.423.121.82014.810.17.45.35.76.10196019701980199020002010202020212022

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2072*34Description:In2022,therewere24.4peopleaged65andoverforevery100peopleofworkingageinSouthKorea.Theold-agedependencyratioinSouthKoreahasmorethanquadrupledsincethe1960sandisexpectedtoreachalmost60by2040.

ReadmoreNote(s):SouthKorea;1960to2022;*Projections.Ratioofolderpopulation(65yearsandolder)per100working-agepopulationbetween15and64years.

ReadmoreSource(s):KOSIS;StatisticsKoreaNumberofpeoplewhoreceivednationalpensionpaymentsinSouthKoreafrom2002to2023(inmillions)NationalpensionrecipientsSouthKorea2002-202376546.636.425.865.394.964.64.484.143.833.593.443.313.022.8232102.62.372.111.861.651.421.050.962002

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