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S.Korean Elderly Forced to Work from Poor Post-Retirement Policies
Source: world.kbs.co.kr
Source Date: Sunday, January 13, 2013
Focus: ICT for MDGs, Institution and HR Management
Country: Korea (Republic of)
Created: Jan 21, 2013

Data has shown that South Korea has a high employment rate for the elderly, surpassing that of Japan, where the population has been aging more quickly than others.

According to a report on ageing populations around the world and related policies from the Organization for Economic Cooperation and Development, 41 percent of South Korea’s population aged 65 to 69 is employed. This was two-point-two times the average for other OECD countries and came in second after Iceland, where 47 percent of the elderly are employed.

Japanese elderly from ages 65 to 69 have an employment rate of 36 percent, the U.S. 30 percent, and Canada 23 percent. European countries mostly had elderly employment rates in the 10-percent range.

The high percentage rate seen in South Korea was mainly attributed to the lack of policies for the elderly after retirement, forcing them out into the workforce to survive.
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