In South Korea there are now more senior citizens than children
01-Sep-17, Business Korea
The Korea National Statistical Office announced that the population aged 65 and over exceeded the population aged 14 and under for the first time in history in 2016.
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Image: Business Korea
Seniors totaled approximately 6,775,000 and children 6,768,000, as of 1-Nov-16. In contrast, the respective numbers were about 6,569,000 and 6,906,000 in 2015. This trend has been faster than previously predicted.
Overall, zero population growth is likely to be witnessed in 2023.