Majority of South Koreans want to prolong working life

The reasons provided by elderly citizens include earning enough for living expenses and wanting to work so long as their health allowed.
By: | July 28, 2022
Topics: DE&I | Health and Wellness | News | South Korea

Around 70% of South Korean senior citizens said they want to continue working till the age of 73, a survey by Statistics Korea revealed. 

Amid a rise in life expectancy and rapid ageing in the nation, 10.35 million, or 68.5% of the 15.1 million people aged between 55 and 79, said they want to keep working in the future. The figure was up 0.4 percentage points from the survey carried out a year earlier.

Some 57.1% said they wanted to earn enough for living expenses, and 34.7% said that they wanted to work so long as their health allowed, reports The Korea Times. 

Over 54% wanted to have full-time jobs, while 45.8% highlighted that they wanted to work part-time. 

READ: Relief package for self-employed in South Korea

Around 20.9% noted that they wanted to earn 1.5 million to 2 million won (US$1,140-1,530), followed by 18.5 percent for less than 2 million-2.5 million won (US$1,522-1,902).

South Korea is expected to become a super-aged society in 2025. The proportion of those aged 65 and older will then comprise 20% of the population.