Companies are also aging... 19% of employees at businesses with 300 or more employees are 55 or older (South Korea)

In South Korea, about one in five workers at companies with more than 300 full-time employees is aged 55 or older. According to the Ministry of Employment and Labor's statistics on the current status of elderly employment on the 28th,
Of the total 4.31 million workers at 3,948 establishments with 300 or more employees, approximately 809,000 were aged 55 or over, accounting for 18.8%.
Among workplaces with 300 or more employees, the proportion of people aged 55 or older in workplaces with 500 to 999 employees is 24.8%, or one in four people, and in workplaces with 1,000 employees, the proportion is 55 or older.
In large companies with more than 300 employees, the employment rate for people aged 55 and over was 16.11%. Ten years ago, in 2013, the employment rate for people aged 55 and over in business establishments with 300 or more employees was 10.1%. However, in 2015, it was 11.5%,
It has nearly doubled in 10 years, from 13.2% in 2017, to 15.4% in 2019, 17.2% in 2021, and 18.8% in 2023.
As the elderly population increases, the number of elderly employees is naturally on the rise, but the standard employment rate for the elderly is still
Some companies are unable to comply with the employment rate. According to the Act on Prohibition of Age Discrimination in Employment and Promotion of Employment of the Elderly, employers employing 300 or more workers are required to employ elderly people (55 years or older) at a rate that meets the standard employment rate.
The Enforcement Order eliminates the obligation to make efforts to employ 2% of full-time employees in the manufacturing industry, 10% in the transportation, real estate and construction industries, and 10% in the construction of new buildings.
The rate was 6% for the rental industry and 3% for the other industries. As of the end of last year, of the 3,948 workplaces with 300 or more employees, 628 (15.9%) were not meeting the standard employment rate.
In 2006, half of all surveyed workplaces did not meet the standard employment rate, but the employment rate of elderly people has generally increased, and the proportion of workplaces that did not meet the standard has fallen sharply.
However, there are disparities by industry. In the case of the wholesale and retail industries and the information and communications industries, which have relatively many young workers due to their industry characteristics,
The percentages of all workplaces that failed to meet the standard employment rates were 56.3% and 55.9%, respectively.