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 [...]
SEOUL, Feb. 3 (Korea Bizwire) — The vast majority of high-income earners feel that they are ‘middle class or lower’. The biennial social survey conducted by Statistics Korea last year showed that 91.1 percent of respondents with a monthly income of 6 million won (US$4,980) or higher feel that their social and economic status falls [...]
SEOUL, April 17 (Korea Bizwire) – High income earners smoke less than those who earn less, a survey showed Monday, as South Korea’s smoking trends start to mirror those of more advanced countries where smoking rates continue to fall. There are more smokers among low income earners while those that make more money are less [...]
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 [...]