South Korea
Korea’s franchising industry has developed rapidly in the last few years. Franchising has expanded due to a “new generation” of affluent Korean consumers coupled with changes in Korea’s distribution sector that favor new product and marketing concepts. Franchising in Korea first developed primarily in the food service market before expanding into other areas. Although the restaurant franchise market is beginning to mature, the service franchise market has just begun to see new concepts, promising future market opportunities. Over the past few years, more Korean women are entering the labor force and are earning higher incomes. As a result they have begun to embrace western lifestyle concepts.
| Total Population: | 48,636,068 | GDP Per Capita: | $30,200 USD |
| Year | Number of Seniors 65+ | Percentage of Population |
|---|---|---|
| 2010 | 5,248,982 |
10.8% |
| 2025 | 9,710,123 | 19.7% |
| 2050 | 21,112,622 | 36.0% |
We are very happy with Right at Home's services. All is going great, as our caregiver is quite pleasant and always works fast and thorough. Our caregiver is simply amazing and always works with a smile. Right at Home's flexibility of schedule pleases us greatly and we are quite pleased with their services.
Sid & Marge B.