Health and Welfare Policy Forum 2022.12 No.314, pp.6-20
Abstract
According to the 2022 Elderly Statistics, Korea is expected to become a super-aged society by 2025. This article examines public social welfare expenditure, national tax burden, and national debt ratio for countries that have already transitioned to a super-aged society. Also, I look at the current status and the long-term outlook of Korea’s social security financing, focusing on old age policies. Although the study shows that Korea has the financial capacity to respond to the super-aged society, more active policy responses are required, given that our society is rapidly aging. We need to identify an integrated financial situation on social insurance, and discuss its fundamental and structural issues.
