SEOUL, June 15 (Korea Bizwire) — South Korea’s household debts stood at nearly 1.7 times their disposable income, data showed Sunday, with the pressure for loan repayment driving down consumer spending, potentially triggering an economic recession. The debt-to-income ratio for South Korean households and nonprofit organizations came to 174.7 percent as of end-2024, according to [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s household income fell 0.8 percent on-year in the second quarter of 2023 due to the drop in COVID-19-related subsidies and other state support, and the narrowed income gap between the haves and have-nots, data showed Thursday. The country’s households earned an average of 4.79 million won (US$3,613) [...]
SEOUL, May 25 (Korea Bizwire) — Household income rose 4.7 percent on-year in the first quarter amid the strong job market, data showed Thursday, while the distribution ratio for disposable income also widened over the period. The country’s households earned an average 5.05 million won (US$3,822) per month in the January-March period, compared with 4.82 [...]
SEOUL, Feb. 23 (Korea Bizwire) — Household income advanced 4.1 percent on-year in the fourth quarter on the back of the improved job market, data showed Thursday, although the actual profit lost ground amid higher inflation. The country’s households earned an average 4.83 million won (US$3,700) per month in the October-December period, compared with 4.64 [...]
SEJONG, Nov. 17 (Korea Bizwire) — Household income rose 3 percent on-year in the third quarter from a year earlier as the country gradually returned to pre-pandemic normalcy, data showed Thursday. An average household earned 4.86 million won (US$3,644) per month in the July-September period, compared with 4.72 million won tallied a year earlier, according [...]
SEOUL, Aug. 18 (Korea Bizwire) — Household income rose at the fastest pace on record in the second quarter due largely to pandemic-related cash handouts, but households’ propensity to consume hit a record low amid high inflation, data showed Thursday. The average household earned 4.83 million won (US$ 3,700) per month in the January-June period, [...]
SEOUL, May 19 (Korea Bizwire) — Household income grew at the fastest pace on record in the first quarter on the back of the economic recovery and state relief funds for pandemic-hit merchants, data showed Thursday. The average household earned 4.83 million won (US$3,800) per month in the January-March period, up 10.1 percent from a [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korean household income rose for the second quarter in a row in the fourth quarter of last year thanks to an economic recovery amid eased antivirus curbs, data showed Thursday. The average household earned 4.64 million won (US$3,876) per month in the October-December period, up 6.4 percent from [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korean household income declined in the second quarter from a year earlier due to last year’s high base after the government doled out massive pandemic relief funds to all households the previous year, data showed Thursday. The average household earned 4.29 million won (US$3,600) per month in the [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korean households saw their income earned through wages decline for the second straight quarter in the third quarter as the new coronavirus outbreak dealt a blow to the job market, data showed Thursday. The average household earned 5.31 million won (US$4,774) per month in the July-September period, up [...]