Issues and challenges facing population ageing in Korea: productivity, economic growth, and old-age income security

Abstract

This article critically reviews issues and challenges facing population ageing in Korea, focusing on productivity change, economic growth, and old-age income security. To that end, trends and prospects of population ageing in Korea are first presented and, then, their impacts on economic growth, employment of the old-aged, and old-age income security are discussed. Policy measures and initiatives need to cope with the challenges are discussed to conclude the paper.