Worked to the bone: South Korea’s elderly still labor past their retirement

Park Jae-yeol greets a resident as he makes his rounds delivering packages at an apartment complex in Seoul. Park is one of millions of elderly South Koreans pushed to labor well past retirement age in a rapidly-aging society with weak social safety nets. (AFP)
Updated 11 May 2018
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Worked to the bone: South Korea’s elderly still labor past their retirement

SEOUL: In theory Park Jae-yeol should have retired 11 years ago. But, unable to survive on meagre South Korean state pensions, the 71-year-old is obliged to continue working, delivering packages to high-rise apartments.
He pushes a cartload of brown boxes into a lift at a block of flats in Seoul, his aging eyes strained by constant squinting at tiny address labels.
“Money is the biggest reason” for continuing to work, Park said.
Park is one of millions of elderly South Koreans pushed into labor well past the official retirement age of 60.
Social safety nets in the rapidly-aging country are weak, despite South Korea ranking in the OCED club of developed countries.
More than 45 percent of elderly South Koreans live in relative poverty — defined as surviving on less than half of the median household income — by far the highest proportion in the OECD, where the average is 12.5 percent.
Park is one of millions whose efforts powered the “Miracle on the Han,” the country’s transformation from a war-ravaged ruin in the 1950s to the world’s 11th-largest economy.
A high school graduate from the southern port of Busan, he worked in air conditioning maintenance, earning enough to raise three children and buy an apartment in Seoul.
He formed his own air conditioning servicing company, but like many people of his age was never able to build up a cushion of savings for his twilight years.
“Our generation was too busy just trying to survive and raise children during these crazy times, unable to prepare for our post-retirement years,” Park said.
South Korea only introduced a national pension scheme in 1988 and it did not become mandatory until 1999. Payouts are dependent on the amount and duration of contributions, with a 10-year minimum.
“Many of those in their 70s and 80s missed a chance to pay into the system so are left out of pension benefits,” said Hwang Nam-hui, a researcher at the Korea Institute for Health and Social Affairs, and must survive on welfare payments that are “ludicrously low.”
Park’s firm went bankrupt in 2012, leaving him having to rely on a national pension of about $130 a month and an elderly subsidy around $180 — “nowhere near enough” to live on in one of the world’s most expensive cities.
“That’s not even enough for pocket money,” he said.
So he signed up for a state program to help the elderly get menial jobs, and started working as a deliveryman in 2014.
He now works three days a week, taking up to 100 packages to their destinations and earning about $500 a month.
Most of his co-workers are in their 70s, with the oldest 78.
Park has already worked for more than five decades, but said he hoped to carry on “as long as my health allows... maybe until I’m 80.”
South Korea’s fertility rate — the average number of babies women have in their lifetime — hit a record low of 1.05 last year, far below the replacement rate of 2.1.
Over-65s are expected to make up 25 percent of the population by 2030 — a phenomenon dubbed the “silver tsunami.”
In the past, traditional extended family structures, with three generations living under one roof, ensured the elderly a life of relative comfort with support from their offspring, researcher Hwang said.
But the radical social changes of recent decades have seen filial obligations wane, and the elderly forced to remain in work.
Statistics released in March showed more South Koreans in their 60s were economically active — either employed or seeking a job — than those in their 20s.
Park and his 63-year-old wife — who works as a convenience store cashier — take only one week off a year, to go to the resort island of Jeju.
But, Park insists: “I feel so grateful and lucky to still be able to work.”


Royals Harry and Meghan go barefoot on Bondi

Despite morning fog, the pair met local surfers enjoying winter swells. (AP)
Updated 19 October 2018
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Royals Harry and Meghan go barefoot on Bondi

  • Pre-prepared signs screaming “G’day Harry and Meghan” greeted the royal couple

SYDNEY: British royals Harry and Meghan kicked off their shoes and donned tropical garlands Friday, as they hit Sydney’s famed Bondi beach for the latest stop on their Australian tour.
Expectant Meghan donned a summer dress, putting aside her high heels, while Harry ditched his usual suit for chinos as the couple lapped up cheers from Australian fans and enjoyed Bondi’s surf.
Despite morning fog, the pair met local surfers enjoying winter swells and sat down on the sand for a long chat with leaders of the OneWave group, which focuses on helping people improve mental health by getting outdoors.
Pre-prepared signs screaming “G’day Harry and Meghan” greeted the royal couple, who have received a warm welcome from fans throughout the start of their 16-day pacific tour.
While half of Australians oppose having British monarchs as head of state, and the vast majority of Australians have carried on with business as usual during the visit, there has been sizable support for the celebrity couple at every stop.
News that the Duchess of Sussex is pregnant has only made the crowds swell.
Amid a torrent of fawning press coverage declaring Meghan the “Queen of hugs” and the prince receiving “buckets of love,” the Australian Republican Movement is putting on a brave face.
“The Duke and Duchess of Sussex are very welcome visitors” the group said at the start of the trip, pointedly adding that “Australians of all ages know the difference between this wonderful event and the questions of our nation’s identity and future.”
In a 1999 referendum, 55 percent of Australians voted against replacing Queen Elizabeth II as head of state, although polls indicate support for republicanism has grown since then.
The opposition Labor party has promised a plebiscite on the issue if it wins a general election expected in 2019.