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Regional Disparities a Concern with High-Income Earners Concentrated in Metropolitan Areas

Regional Disparities a Concern with High-Income Earners Concentrated in Metropolitan Areas

SEJONG, Oct. 31 (Korea Bizwire) – Roughly 8 out of every 10 individuals in the top 1 percent of income earners are concentrated in metropolitan areas. This highlights a pronounced concentration of high-quality employment opportunities in urban regions, leading to concerns regarding regional disparities. Data from the National Tax Service, presented to the National Assembly and [...]

High-Income Households Spend Nine Times More on Private Education

High-Income Households Spend Nine Times More on Private Education

SEOUL, May 31 (Korea Bizwire) – A recent estimate showed that the gap in private education expenses between high-income and low-income households has widened even further. National Statistical Office of South Korea stated that during the first quarter of this year (from January to March), the average education expense at each household in the highest income bracket [...]