Executive summary

Korea is experiencing much faster population ageing than any other OECD country. If nothing is done to improve the labour market situation of older workers, this could put a brake on the trend of rising living standards observed in recent decades. There is no time for complacency: the median age of the population is projected to increase from 41 years today to 55 years in the mid-2050s, and the old-age dependency ratio (population aged 65 plus over the population aged 15-64) is projected to increase from 20% today to around 70% in 2050, 20 percentage points above the then OECD average. Read more... Korea Faces Unique Ageing And Employment Challenges. On The One Hand, It Will Experience Much Faster Population Ageing Than Any Other Oecd Country: The Old-age Dependency Ratio (population Aged 65+ Over Population Aged 15-64), For Example, Is Projected To Increase From 20% Today To Around 70% ...