Addressing population ageing: Recent evidence and policy options from the Republic of Korea

Turning demographic risks into opportunities in the Republic of Korea

The Republic of Korea has officially entered a super-aged society, with over 20 per cent of its population aged 65 and older—a figure projected to reach 45 per cent by 2044. This rapid demographic shift presents profound structural challenges, including a shrinking working-age population, intensifying labour shortages, and escalating social welfare costs.

This Brief from the Managing a decent future of work together in Asia-Pacific ("Future of Work: APAC") project funded by the EU, provides detailed insights and recommendations in three key areas: (i) improving school to work transition for vulnerable youth; (ii) promoting the continued participation of older workers; and (iii) reforming family care institutional arrangements.

By taking a comprehensive approach and improving integrated support systems across the life course, the Republic of Korea can foster an inclusive and resilient workforce capable of addressing the implications of ageing and sustaining long-term economic growth