South Korea has officially become a 'super-aged society' with 20% of its population aged 65 or older, according to official data released Tuesday. This concerning trend is primarily attributed to an alarmingly low birth rate of 0.7 births per woman, significantly below the replacement rate required to sustain the population. The elderly population has more than doubled since 2008, reaching 10 million.
South Korea has become a" super-aged society ", with 20 percent of its population aged 65 or older, official data showed on Tuesday, a gloomy trend driven by an alarmingly low birth rate . — Photo: W6 / Getty Images, via ETX DailyUP
Asia's fourth-largest economy recorded just 0.7 births per woman late last year -- one of the lowest birth rates in the world and far below the replacement rate of 2.1 needed to sustain the current population.Those aged 65 and older"account for 20 percent of the 51.2 million registered population, numbering 10 million", the interior ministry said in a news release on Tuesday, placing South Korea alongside Japan, Germany and France as a"super-aged society".
However, such efforts have failed to deliver the intended results and the population is projected to fall to 39 million by 2067, when the median population age will be 62.
South Korea Super-Aged Society Birth Rate Population Decline Aging Population
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