Fast-Aging Korea Sees Money in Luxury Retirement Homes (27 Sep 2024)

BNN Bloomberg article highlights how South Korea's low birth rate and aging population are driving demand for luxury retirement homes. Companies like Lotte and Hyundai are investing heavily in high-end senior residences. However, with the declining birth rate, there are concerns about future labor shortages and whether the wealth of retirees can sustain this trend, as rising costs and potential economic downturns pose risks to the sustainability of these developments.