이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Korean working elderly accounts for 54.8 %, pensioners less than half
- Collected
- 2017.07.26
- Distributed
- 2017.07.31
- Source
- Go Direct
Less than half received monthly pension and the money is too small to cover monthly living expense to explain why poverty ratio of Korean elderly is so high.
According to Statistics Korea, 56.2 percent of 12,916,000 people aged 55 to 79 has been economically active as of May, the share up 1.1 percentage points from a year earlier. The employment ratio also edged up 1.1 percentage points to 54.8 percent. The number of the age group increased 4.2 percent from a year ago.
Those aged 55 to 64 on average worked 15 years and 3.8 months in one workplace, up 4.7 months from the previous year. Among the female group, 56.2 percent worked 10 years or less. Men worked longer - 59.5 percent working 20 years or longer.
In the broader age group of 55 to 79, 15.8 percent, or 2.05 million, has been looking for work over the last year, up 0.1 percentage point. Men’s share was 17.0 percent versus women’s 14.8 percent.
The lion’s share - 71.7 percent - was involved in work they were familiar with. Still sizable number - 17.0 percent - said they were working in a field “entirely irrelevant” to their expertise and another 11.3 percent “more or less unrelated.”
Beneficiaries to private and public pension policies totaled 5.85 million, taking up 45.3 percent of the elderly population. Monthly benefits averaged 520,000 won ($466), up 10,000 won from the previous year but still far below this year’s monthly minimum wage of 1.35 million won.
By Kim Se-woong
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]