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Looming demographic woes

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Extending retirement age needed to tackle population aging

The government unveiled its policy to cope with demographic challenges Wednesday, marked by the ultralow birthrate and superfast population aging. At an interagency meeting, the participants discussed four primary tasks ― replenishing the working-age population, cushioning the impact of population decline, coping with the rising numbers of elderly people, and managing the expected increase in welfare expenditure.

To expand the productive population, the government will focus on opening its doors wider to foreigners and........

© The Korea Times