According to the National Statistical Office, South Korea will become a “hyper-aged” society by 2025. The speed at which this demographic transition is occurring is already having major economic and social repercussions, which are bound to worsen in the coming decades. Issues such as the funding of pension liabilities, pushing back the mandatory retirement age, incentivizing companies to retain their older workers, and dealing with the ever increasing elderly population living below the poverty line are already on top of the political agenda.

Population ageing is a very difficult topic to apprehend because it encompasses both philosophical aspects (such as the idea of solidarity between generations) and complex technical issues (for instance the arcanes of pension finance). We were very lucky to interview for this episode an expert with almost two decades of both research and practical experience in the field: Dr. Phang Hanam.