Business Opportunities With Aging Population

korea′s rapidly－aging population... andlow birthrate is a growing concern... that presents many challenges for the country′sworkforce. experts warn that korea′s economy will lookincreasingly bleak if the trend continues. won ji－hyun reports.fifteen to sixty－four. that′s the average age range for korea′sworking population. but in recent years＜ korea has been seeingalarming growth in the number of seniors over the age of 65.experts say the population shift could take a major toll on the country′s economic prospectsin the future. ahead of an economic seminar to be hostedby korea′s finance ministry＜... professor

kim jung－ho of ajou university said... korea′sfast－aging population could reduce the country′s potential economic growth rate to 0.8 percentby the year 2060. the professor cited japan as an example thecountry saw its productivity rate drop to the zero－percent range in the 1990′s＜due to its rapidly aging population. he also predicted that korea′s eldery populationwill surge by 2060＜ to make up 37 percent of the entire population＜ just like japan.he added that korea will continue to age fast＜... even if the country′s birthrate recoversto reach the oecd average. instead＜ professor kim stressed that koreashould focus on expanding its job market and increasing productivity... by advancing technology＜business innovation and industrial relations.

in addition＜ other experts suggest thatkorea must improve its welfare and pension systems＜ and ease immigration policies toincrease the country′s workforce. won ji－hyun＜ arirang news.