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 [...]
SEJONG, Aug. 20 (Korea Bizwire) — South Korea’s household income rose in the second quarter from a year earlier, thanks to the government’s emergency handouts to ease the fallout of the coronavirus pandemic, a report showed Thursday. The average household earned 5.27 million won (US$4,473) per month in the second, up 4.8 percent from the [...]
SEJONG, May 21 (Korea Bizwire) — South Korea’s household income rose in the first quarter from a year earlier, but the income gap between the haves and have-nots widened, as the employment situation of the low-income bracket worsened amid the coronavirus pandemic, a report showed Thursday. The average household earned 5.35 million won (US$4,357) per [...]
SEJONG, Dec. 17 (Korea Bizwire) — South Korea’s household income rose in 2018 from a year earlier, and the income gap between the haves and have-nots narrowed, as employment situations of the low-income bracket improved amid efforts to bridge the income gap, a government report showed Tuesday. The average household earned 58.28 million won (US$49,688) [...]
SEOUL, Oct. 15 (Korea Bizwire) — A recent study has revealed that the chances of passing a public service examination are proportional to household income. The study showed that public service examinations, commonly understood as an opportunity to get a job regardless of social status, can also be subject to inequality. According to a recent [...]
SEOUL, Oct. 6 (Korea Bizwire) — Seniors are the chief breadwinners for South Korea’s poorest households, with such family units generally having less than one member holding a steady job, data showed Saturday. According to the data from Statistics Korea, the average age of the chief breadwinners for households making up the bottom 20 percent [...]
SEJONG, Feb. 21 (Korea Bizwire) — South Korea’s household income inequality hit a record high in the fourth quarter of 2018, government data showed Thursday. An average household earned 4.6 million won (US$4,000) per month in the October-December period, up 3.6 percent from the previous year, according to the data compiled by Statistics Korea. The [...]