Korea's labor participation rate to peak in 2021: report
Social affairsMar 16, 2013
South Korea's labor force participation rate is expected to decline after peaking in 2021 due to fast population aging, a state-run think tank said Saturday.Korea's labor force participation rate, or the share of working-aged people in the labor force, is likely to hit 61.6 percent in 2021 and will likely steadily drop afterwards, according to a report by the state-run Korea Development Institute (KDI).The report said that the participation rate is expected to stay in the low 61 percent range be