A culture one prioritises work and read more matchmaking is an additional oft-quoted reason for Southern area Koreans being solitary
A culture one prioritises work and read more matchmaking is an additional oft-quoted reason for Southern area Koreans being solitary
The result of this can be a community which is increasingly made upwards regarding old somebody. By 2030, almost you to-third of all of the South Koreans was ages 65 or older, considering a research composed last year of the economist Lee Jong-wha regarding Korea University.
Just like the elderly people is shorter willing or able to performs, a high ratio of them will ultimately end up in a labour lack, told you Kang Sung-jin, a keen economist and manager out of Korea University's Institute from Alternative Development.
“A lessening supply of labor affects the economic growth rate,” the guy told you. “And a high number of elderly form the us government will receive to spend on hobbies will set you back, meaning that younger generations pays much more fees.”
This group go out bomb is already familiar to very-entitled extremely-aged societies including Japan,...