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 [...]
SEOUL, Feb. 7 (Korea Bizwire) – A recent study by preventive medicine doctors at Severance Hospital has revealed that ADHD diagnosis can be affected by household income. The study was based on 18,023 children born in 2002 and 2003, and changes in household income levels and the risks of ADHD when they reached 10 or [...]