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Low-income Groups Bear Higher Inflation Burden than High-income Class in COVID-19 Era

Low-income Groups Bear Higher Inflation Burden than High-income Class in COVID-19 Era

SEOUL, March 23 (Korea Bizwire) — Those in low-income groups are bearing a relatively higher inflation burden than those with higher incomes in the era of the COVID-19 pandemic, a local research institute said. The Korea Economic Research Institute (KERI) analyzed the change in prices felt by consumers for the periods of 2018-2019 and 2020-2021. [...]

Singers and Actors Saw Income Drop, Athletes Enjoyed Higher Income in 1st Year of COVID-19

Singers and Actors Saw Income Drop, Athletes Enjoyed Higher Income in 1st Year of COVID-19

SEJONG, March 2 (Korea Bizwire) — The average income of singers and actors declined but that of athletes increased in 2020 in the wake of the coronavirus pandemic, data showed Tuesday. The combined income of the nation’s 8,068 singers who reported business income in 2020 totaled 261.7 billion won (US$217 million), with an average per-capita [...]

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 [...]