Korea will become what is called an aged society in 2022 when the number of Koreans aged 65 or over will account for more than 14 percent of our nations total population. Before reading this cover story , I thought it was none of my business. However, we cannot help ignoring this situation considering several problems due to the high ratio of aging.
It is not too much to say that our country has gone through a radical transition of society in comparison with other countries. As nuclear family and two-paycheck couples has increased, the birth rate has gone down dramatically. That is to say, a low birth rate accelerated an aging society. Furthermore, another reason is an extension of the average life expectancy caused by the development of medical technology.
This situation is so dire that it hampers economic growth: it imposes heavy taxes on young people to support the senior citizen.
Unless the govern-ment takes appropriate steps, Korea will be on the verge of entering an aged society. In my opinion, a salary peak system and expansion of job opportunities by promoting business could alleviate this problem. In addition, young couples should be encouraged to have more children.
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