Engel’s Coefficient for S. Korea Jumps After Pandemic

SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s Engel’s coefficient jumped in the post-pandemic era far higher than in other major countries, indicating that low-income earners are struggling more financially in relative terms, a private think tank said Thursday. The Korea Economic Research Institute (KERI) reported that the Engel’s coefficient for the Asia’s fourth-largest economy [...]