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Statistics: South Korea has the highest poverty rate among the elderly

A new report by the South Korean Statistics Agency indicated that the poverty rate among the South Korean elderly is high, and that it is still considered the highest poverty rate of its kind in the member countries of the Organization for Economic Cooperation and Development.

And a report published by the agency today on the statistics of the elderly in 2021 stated, "Despite the increase in the average life expectancy of the elderly and the increase in their number, they still suffer from poverty, and the poverty rate among them is still described as the highest rate of its kind in the OECD countries."

The report added, "The number of elderly people aged 65 and over is 8,537.5 million this year, which is equivalent to 6.5 percent of the total population in South Korea. By 2025, they are expected to constitute one fifth of the population.

The report recalled that the average life expectancy of the elderly who were 65 years old during 2019 increased by 21.3 years compared to the previous year, while the average life expectancy of the elderly who were 75 years and over increased by 13.2 years, and that this means that the elderly who A 65-year-old in 2019 could live to be 86.3 years old, and an elderly person who was 75 years old in that year could live 88.2 years.

And the South Korean Statistics Authority pointed out - in its report - that while the number of elderly people is increasing there, the number of working elderly people is also increasing, and they are forced to work because of the increasing poverty among them, as the rate of workers among the elderly who are 65 years old or older More 34.1 percent in the last year compared to 32.9 percent during the previous year.

However, the report of the Statistics Agency of South Korea indicated that the employment rate of the elderly is still lower than the total employment rate of those over 15 years of age, which is 60.1 percent, but the employment rate of the elderly has been increasing since 2015.

It is noteworthy that, South Korean military authorities confirmed that North Korea is at an early stage of developing a "hypersonic" missile.

South Korea's Joint Chiefs of Staff said - according to Yonhap news agency - that it believes North Korea is at an early stage in developing a hypersonic missile and its deployment will require a long time, given the assessment of information about the missile the North said it tested yesterday, such as speed and other advantages.

The authority explained that it believes that it is currently possible to monitor and intercept the missile through the joint assets between South Korea and the United States, pointing out that it is unlikely that it will be easy to intercept if it is actually deployed after it has passed the testing phase and is completed.

The North's Korean Central News Agency said earlier in the day that North Korea yesterday launched for the first time a newly developed hypersonic missile called the Hwasong-8.

The agency claimed that it was the first test launch of this type, and that the scientists confirmed the ability to control the flight of the missile and its safety in the active phase, in addition to the technical indicators of the separate part and the characteristics of the flight, among others.

South Korea plans to launch its first home-made space rocket next month, as it is currently in the final stages of preparations.

"The (Nuri) missile will be launched on October 21 as scheduled at the (Naro) Space Center located in (Gohyeong), 473 kilometers south of Seoul," the Ministry of Science said - in a statement reported by "Yonhap Agency", today, Wednesday. The missile is now on a launch pad for a fuel fill test known as a "wet setup rehearsal", to check the systems are working in harsh weather conditions.

South Korea has invested about 2 trillion won (US$1.8 billion) in the project since 2010, and finally revealed a test prototype of the missile last June.

Nuri, weighing 200 tons, will carry a dummy payload weighing 1.5 tons in the October launch, before being launched with a 200 kg satellite and a dummy payload weighing 1.3 tons, on May 19 next year.

In 2013, Korea successfully launched its first space rocket called "Naru", but its first stage was built in Russia.