29 Mar '11, 6am

Korea set to be world's most aged country in 2050

RESEARCH forecast on Monday that Korea will become the world's most aged society by 2050, raising an urgent need to prepare a safety net for the elderly and cope with a shrinking labor force. People aged 65 or older are predicted to make up 38.2 per cent of Korea's total population in 2050, according to the report by the Korea Institute of Finance, more than tripled compared with 11 per cent last year. Based on the United Nations' standard, the country will become an aged society in 2018 and a super-aged society in 2026, in which people aged 65 or older account for more than 14 per cent and 20 per cent of the total population, respectively. That means it would take Korea eight years to change from aged to super-aged, far faster than other advanced countries such as France with 39 years, the US with 21 years and Japan with 12 years. The state-run think tank estimated the av...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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