High Suicide Rates In South Korea Prompt Leaders to Take Measures

In 2012, almost 5,000 South Koreans over the age of sixty committed suicide, an increase from 4,300 five years earlier.  South Korea has the highest suicide rate among nations, and the economic costs of depression and suicide have surged 42 percent between 2007 and 2011.  “We’re headed for one unhappy society that’s both aged and suicidal . . . A high suicide rate is a sign of economic disparities, and if it continues it will weigh on productivity and consumer sentiment by affecting families, friends and all the people related to the victims.”

While South Koreans tend to think of death as an easy way to end their troubles, the welfare of seniors emerged as a hot topic in the December 2012 election.  President Park, who won three quarters of the votes, campaigned on a platform of expanded social spending, including pension payments.  President Park’s efforts have already taken root in South Korea, where seniors are able to enroll in a six week “well-dying” class, which shows seniors how to appreciate life by preparing for death.  Moreover, last month, parliament passed a version of Park’s proposal for a senior payout to replace the 2008 minimum payment.  The new payout to those over 65 provides a monthly allowance of 200,000 won (less than $200).

See Sam Kim, South Korean Seniors Learn How to Die ‘Well’ to Curb Suicide, Bloomberg News, June 12, 2014.