SEOUL, Dec. 1 (Korea Bizwire) — The income gap between the haves and have-nots in South Korea widened in 2021 amid the prolonged COVID-19 pandemic, data showed Thursday. The distribution ratio for disposable income, a key barometer of income equality, reached 5.96 last year, up from 5.85 the previous year, according to data from Statistics [...]
SEOUL, Nov. 22 (Korea Bizwire) — The lower income tier spent more than half of its disposable income on food in the third quarter of this year, with consumers directly exposed to surging prices, the statistics agency said Monday. Statistics Korea’s Household Income and Expenditure Survey showed that households located in the lower 20 percent [...]
SEOUL, Dec. 16 (Korea Bizwire) – The income gap between the haves and have-nots in South Korea narrowed in 2020 from a year earlier on the back of the government’s provision of emergency cash handouts amid the pandemic, data showed Thursday. The distribution ratio for disposable income, a key barometer of income equality, reached 5.85 [...]