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Korea, the most rapid aging nation

by Kwang-Hyun Kim, Donga.com news  

October 01, 2003


Korea took first place in terms of the most rapidly aging country in the world. The number of people 100 years and older were estimated to 1,872 persons in total as of late July, 2003.

According to a report by The National Statistical Office (NSO) and Ministry of Health and Welfare, the country’s population aged over 65 has already marked 7.2 percent in 2002 and therefore has stepped into “the aging society.”

In addition, the nation is anticipated to become an ‘aged nation’ by the year 2019 with 14.4% of people aged 65 or older and a ‘super-aged’ nation by the year 2026 with 23.1%. This result reveals that the nation is indeed the most rapid aging country among statistically-comparable nations.

By standard of the United Nations (UN), a country is considered an aging society if its population aged 65 or older marks over 7 percent while it is considered a super-aging society if the population marks over 14 percent.

Examples of other nations include France , which took the longest period - 115 years - to be changed from an aging society to an aged society. The United States took 72 years, while Germany took 40 years, and Japan only took 24 years to become an aged society.

In the case of Japan , the number of years for the nation to change from an aged society to a super-aged society was estimated to be 12 years, which was recorded as the shortest period among the nations.

As the ratio of Korean population is rapidly changing and getting older, the portion of working population (aged between 15~64), which implies the able younger person for supporting elder one, has fallen to 8.6 person in 2003 from 16.3 in 1980.

Moreover, in 2030, the number will fall even more to 2.8, which will subsequently discourage activities of the nation’s economy and add a heavier burden to the society.

Kim Hyun-jin, a senior researcher in Samsung Economic Research Institute said, “The nation’s rapid aging of population will be a potential concern that may threaten economic development and stability to the society itself. Korea is not prepared enough for an aging society, so even from now on, the country should take countermeasures against it.”

 


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