CNA news

Secrets of Ageing Asia: Japan and Korea's Employment Dilemma

Discover how Japan and South Korea are coping with rapid ageing populations, reshaping industries and retirement norms.

With Japan and South Korea leading the race as the fastest ageing nations, the impact on various sectors has been profound. Industries are now faced with the challenge of adapting to an older workforce, pushing them to reconsider traditional employment practices. From technology to healthcare, the ageing population is reshaping the business landscape like never before.

The shift towards older employees not only affects job markets but also triggers a crucial reevaluation of retirement norms. Countries are exploring innovative solutions to support retirees and ensure their well-being post-employment. This paradigm shift in workforce demographics is prompting a critical reflection on societal structures and welfare systems.

Japan and South Korea's ageing demographics are not only redefining workplaces but also sparking a broader conversation about the future of work and economic sustainability. As global demographics continue to evolve, the lessons learned from these nations serve as a crucial roadmap for countries grappling with similar challenges.

Did you know? Japan is home to the world's oldest population, with a quarter of its citizens aged 65 and above. South Korea faces a unique dilemma with a rapidly ageing population and declining birth rates, posing significant implications for its workforce and economy.