SEOUL, May 27 (Korea Bizwire) — South Koreans are concerned that the COVID-19 pandemic will widen economic inequality, a study showed Wednesday. They believe that lower-income earners with less job security are more vulnerable to the fallout from the pandemic, according to a survey commissioned by the Joongmin Foundation for Social Theory, a Seoul-based institute. [...]
SEOUL, Aug. 24 (Korea Bizwire) — The nominal income of South Koreans belonging to the lower 40 percent of income earners in the second quarter of the year indicated the worst-ever drop recorded in the nation’s history when considering all previous second quarter data. Meanwhile, the nominal income belonging to the top 20 percent of [...]
SEOUL, May 10 (Korea Bizwire) – A new report from the Korea Labor Institute (KLI) has revealed that around four in ten South Korean independent business owners and salaried workers earn less than 10 million won ($8,820) per year, well below the average annual income. Of nearly 26 million income earners in 2015, 38.4 percent made [...]
NEW YORK, July 8, 2014 (Korea Bizwire)–A recent Harris Poll found a strong majority of Americans believing economic inequality in the U.S. today is a problem (79%), with over half believing more specifically that it’s a major problem (54%). New findings further reveal that U.S. executives are even more likely than the general population to [...]