A group of global business leaders and economists will get together in Seoul later this week to discuss the issue of the aging population and come up with ways to utilize senior workers for economic growth, the city government said Monday.

The 2014 meeting of the Seoul International Business Advisory Council, scheduled for Friday at the Seoul City Hall, brings together 27 members and five advisers, including Dominic Barton, global managing director of McKinsey & Co., and Nobuyuki Koga, chairman of the board of Nomura Holdings and Securities, it said.

The council was founded in 2001 as an economic consultative body for the Seoul mayor. With the theme of “Seoul’s Smart City Solution: Aging Population and Sustainable Economic Growth,” the conference will focus on the social and economic impacts of an aging society and prescribing ways to turn the aging population into new opportunities for growth.

Seoul Mayor Park Won-soon will present his ambitious project to create an industrial center for senior citizens in the heart of Seoul, known as the Hongreung Smart Aging Cluster. (Yonhap)