REPUBLIC OF KOREA
REPUBLIC OF KOREA
South Korea has a complex relationship with SDG 1 (No Poverty), reflecting its transformation from a former aid recipient to a high‑income donor nation while still facing significant domestic poverty challenges. Although the overall relative poverty rate has declined—from 18.5% in 2015 to 15.3% in 2024—the country continues to struggle with extremely high elderly poverty, the highest among OECD members.
Key challenges for South Korea under SDG 1 include a very high elderly poverty rate, widening regional disparities, and persistent gaps in the social‑safety net affecting youth, low‑income workers, and single‑parent households. Demographic pressures—such as rapid aging and a record‑low fertility rate—further strain long‑term social and economic stability. To address these issues, Korea is expanding the Basic Pension Program, strengthening support for single‑parent families, and improving living‑allowance schemes.
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