Issue Growing an age-friendly industry in Korea

Summary

KEIS sees the ageing of the baby-boom generation as carrying both risk and opportunity, because it creates new demand, raises medical needs and diversifies everyday wants. To capture the opportunity, it calls for investment, support and services for age-friendly technologies so that an age-friendly industry can grow. Such an industry would create demand for quality products and services for older people. It would also generate professional jobs such as developers and service specialists for younger and middle-aged workers. The report places bold investment in age-friendly industry alongside investment in advanced technologies as a way to meet the labour demand of new growth industries.