POVERTY IN SOUTH KOREA - Poor old woman onthe streets of Seoul

Poverty in South Korea is a phenomenon that still afflicts families, especially those in which there are elderly persons. According to data from the Organization for Economic Co-operation and Development, 50% of people above the age of 65 live in a state of relative poverty. The cause is indicated in the countrys retirement system, which does not guarantee subsistence for this segment of the population, representing 7% of the 49 million people in South Korea. The phenomenon involves urban areas above all, where 81% of the population lives, and in a special way Seoul, with its 10 million inhabitants.