Household income Archives | Be Korea-savvy
Household Income Up 3 pct in Q3 on Eased Pandemic Regulations

Household Income Up 3 pct in Q3 on Eased Pandemic Regulations

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 [...]

Household Income Grows at Fastest Clip in Q2; Consumption Propensity at Record Low

Household Income Grows at Fastest Clip in Q2; Consumption Propensity at Record Low

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, [...]

Household Income Improves for 2nd Straight Quarter in Q4 amid Economic Recovery

Household Income Improves for 2nd Straight Quarter in Q4 amid Economic Recovery

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 [...]

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 [...]