Household income Archives | Be Korea-savvy
Household Income Grows, but Wealth Gap Widens in Q1

Household Income Grows, but Wealth Gap Widens in Q1

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 [...]

Acceptance Rate of Public Service Examination Proportional to Household Income

Acceptance Rate of Public Service Examination Proportional to Household Income

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 [...]

S. Korea’s Income Gap Hits Record High in Q4

S. Korea’s Income Gap Hits Record High in Q4

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 [...]