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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 [...]

Single-person Businesses Struggle from Income Loss in Pandemic Era

Single-person Businesses Struggle from Income Loss in Pandemic Era

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 [...]

Lower-income Households Have More Estranged Family Relationships in COVID-19 Era

Lower-income Households Have More Estranged Family Relationships in COVID-19 Era

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 [...]