SEOUL, Oct. 17 (Korea Bizwire) – A recent survey has revealed the emergence of a “new elderly” demographic in South Korea, characterized by higher income, better education, and shifting values regarding inheritance and self-perception of age. This trend, partly attributed to the baby boomer generation (born 1955-1963) entering their senior years, is reshaping traditional notions of [...]
SEOUL, Oct. 15 (Korea Bizwire) – In a collaborative effort to improve access to public transportation for older residents in underserved areas, South Korean authorities and industry leaders have joined forces to expand a Demand-Responsive Transport (DRT) bus system. On October 14, the National Police Agency, the National Association of Mayors, and Hyundai Motor signed a [...]
SEOUL, Oct. 9 (Korea Bizwire) – As South Korea grapples with a plummeting birth rate, a growing number of childcare facilities are finding new purpose as long-term care centers for the elderly, highlighting the country’s dramatic demographic shift. According to data obtained by Representative Jeon Jin-suk of the Democratic Party from 17 provincial and metropolitan governments, [...]
SEOUL, Sept. 14 (Korea Bizwire) – As South Korea grapples with an unprecedented pace of population aging, coupled with trends towards longer life spans with chronic illnesses and an increase in single-person households, the need for individuals to prepare for their own elder care is becoming increasingly urgent. On September 12, the Korea Life Insurance Association [...]
SEOUL, Aug. 26 (Korea Bizwire) — The proportion of job positions taken by senior citizens reached an all-time high this year amid rapid aging, data showed Monday. The average number of the employed per month stood at 28.51 million during the January-July period, and those aged 60 and older accounted for 22.4 percent, or 6.39 [...]
SEOUL, Jul. 11 (Korea Bizwire) – A recent survey has revealed that approximately 3,000 elderly individuals in Seoul make a living by collecting waste paper, shedding light on the economic challenges faced by the city’s aging population. The Seoul Metropolitan Government released the findings on July 10, based on a comprehensive study conducted from February to [...]
SEOUL, Apr. 29 (Korea Bizwire) – A new study has found that older adults with chronic conditions who live alone are less likely to take their medications as prescribed compared to those living with family members. Poor medication adherence among patients requiring long-term treatment for chronic illnesses can lead to reduced treatment efficacy, increased adverse effects, [...]
CHANGWON, Mar. 21 (Korea Bizwire) – As South Korea’s aging population continues to rise, the South Gyeongsang provincial government has announced a new elderly welfare brand aimed at addressing the four major challenges faced by the elderly – poverty, illness, loneliness, and loss of purpose. The initiative, unveiled on March 20, seeks to support a fulfilling [...]
SEOUL, Feb. 19 (Korea Bizwire) — The state human rights watchdog called Monday for measures to relieve the digital alienation of seniors by providing customized training and introducing senior-friendly digital devices. The National Human Rights Commission of Korea (NHRCK) said it made the recommendation to the science minister earlier this month, calling for the introduction [...]
SEJONG, Feb. 16 (Korea Bizwire) – For the first time, the number of self-employed individuals over the age of 60 in South Korea has surpassed the two million mark. This significant milestone, primarily attributed to a sharp increase in seniors entering the transportation sector, including personal taxi and delivery services, reflects a broader trend of older [...]