SEOUL, Feb. 21 (Korea Bizwire) — The average monthly salary of wage earners rose 3.6 percent on-year in 2020 from a year earlier despite the COVID-19 pandemic, a government report showed Monday. South Korean wage workers earned a monthly average of 3.2 million won (US$2,669) in December 2020, up from 3.09 million won a year [...]
SEOUL, Feb. 8 (Korea Bizwire) — Earned income taxes and social insurance contributions that are withheld at source rose faster than worker wages during the period from 2016 to 2021, a research institute said. According to an analysis of data from the Ministry of Employment and Labor by the Korea Economic Research Institute (KERI), the [...]
SEOUL, Jan. 6 (Korea Bizwire) — Last year, owner-operated businesses without any employees struggled in the third quarter, more so than in the first year of the pandemic era. Among all households across the country with more than one member, those with owner-operated businesses without any employees earned an average of 2,701,958 won (US$2,252) each [...]
DAEJEON, Jan. 3 (Korea Bizwire) — A recent analysis showed that lower-income households have more estranged family relationships in the COVID-19 pandemic era. According to data from Statistics Korea analyzed by the Daejeon Gender Equality and Family Policy Center, among the households with a monthly income of less than 1 million won (US$840), 23.4 percent [...]
SEOUL, Dec. 31 (Korea Bizwire) — A number of low-income households had less than an appropriate amount of food with less or no consideration for a balanced diet last year. The Korea Disease Control and Prevention Agency conducted an analysis of national health and nutritional surveys, which showed that only 86.6 percent of low-income households [...]
SEOUL, Dec. 3 (Korea Bizwire) — A recent study showed that South Korea’s bottom 20 percent households by income (the lowest income quintile) have been in the red for nine straight years. In other words, their spending was greater than their income during that period. According to a report released on Thursday by the Korean [...]
SEOUL, Nov. 18 (Korea Bizwire) — More than 70 percent of seniors over 60 years of age still work to make an income and live separately from their children, a survey showed Wednesday. The biennial poll released by Statistics Korea showed that 72.5 percent of South Korean seniors picked themselves or their spouse as a [...]
SEOUL, Oct. 14 (Korea Bizwire) — A recent study showed that self-employed individuals operating their own business as the head of a household make less income than the labor income earned by household members, likely due to a severe slump in the market for self-employed work. The research center under the Korean Confederation of Trade [...]
SEOUL, Sept. 28 (Korea Bizwire) — The flu vaccination rate for teenagers in higher income households is significantly higher than their counterparts in lower income households. A joint research team from the Seongnam Central Hospital and the Uijeongbu Eulji Medical Center analyzed the results of a health behavior study conducted online in 2017 by the [...]
SEOUL, May 20 (Korea Bizwire) — Older people were more likely to have suffered a decrease in income due to the coronavirus pandemic, a survey showed Thursday. In the survey conducted on 16,244 workers in 537 professions from August to November, 35.8 percent said they earned less in 2020 due to the economic fallout from [...]