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In the back streets of South Korea's capital, Seoul, a new kind of club is booming. But this isn't the wee hours of a Sunday morning, this dance floor is packed in the middle of a weekday.>> I worked for 30 years when I was young I earned money so now I have to relax that's why I do this as an exercise.
>> These retiree dancers are young at heart and members of one of the world's fastest aging populations. And in South Korea there are few post retirement jobs or cheap things to do for the elderly. Customers at these so called Colatecs told Reuters hitting one of these clubs is one of the few ways they blow off some steam.
Reuters' Cynthia Kim has been following the phenomenon in Seoul.>> These older generations in their seventies and eighties are often left with a lot of time after decades of hard work. To cater these people, nearly about 1,000 Colatecs around the country have become hotspots for old South Koreans.
Local yoga drinks are the best sellers here, not cola or Soju, because they are all here to get fit and healthy.>> Colatecs sprang up in the late 1990s as a no-alcohol dance club for teenagers. The name combines cola and discotheque. Soon they began to attract seniors as their main customers.
The cover charge is only about $1, just a fraction of what younger South Koreans pay for fashionable nightclubs in other parts of Seoul. It's important that Colatecs are low cost too, as many retired South Koreans don't have it easy, the poverty rate among the country's elderly is four times the OECD average.
>> We are talking about a generation that has built one of the most vibrant economies after the Korean War, and those who helped build companies like Samsung and Hyundai. The OECD says that they are now the unhappiest generation among rich nations with the highest suicide rate due to financial difficulties.
>> Life in South Korean retirement might not be perfect, but for many of these disco dancers, the Colatec boom is offering a rare place to relax, hear some favorite tunes and enjoy each other's company.