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Korean elderly’s employment rate hit record high of 55.3%

October 17, 2016 by John Corder

50대 이상 장년층 고용률 지난해 55.3% ‘역대 최고’
As Korea’s population ages, the employment rate for silver and senior citizens has hit a record high.
A report by the labor ministry shows… that the employment rate of those 50 and older came in at over 55 percent last year.
The number of people working in that age group stood at around nine-point-six million,… accounting for more than a third of the total employed population.
The ministry has vowed to push ahead with reforms in the labor market to create more suitable jobs for this growing sector of the population.

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