inequality Archives | Be Korea-savvy
Considerable Proportion of Marriage Unassociated with Income Level Lowers Income Inequality in S. Korea

Considerable Proportion of Marriage Unassociated with Income Level Lowers Income Inequality in S. Korea

SEOUL, Jan. 20 (Korea Bizwire) – Assortative mating inequality in South Korea is lower than in other countries while the proportion of single-person or single-parent households in the country is also lower than in other nations, a central bank report said Thursday. In a recent study, the Bank of Korea reported that the Gini coefficient of [...]

Majority of Young Koreans Concerned About Wealth, Income Inequality

Majority of Young Koreans Concerned About Wealth, Income Inequality

SEOUL, June 23 (Korea Bizwire) — More than two thirds of South Koreans from the so-called MZ generation see income inequality as a social problem. Accounting firm Deloitte Anjin LLC announced the results of a survey conducted by Deloitte Global with the participation of 22,928 millennials (born between 1983 and 1994) and Generation Z (born [...]

‘Health Inequality’ Hasn’t Widened During Pandemic: Study

‘Health Inequality’ Hasn’t Widened During Pandemic: Study

SEOUL, Feb. 4 (Korea Bizwire) — The gap in the mortality rate by income level did not widen during the outbreak of the coronavirus, thanks to the government’s implementation of a medical care system, that among others, offers financial support to cover medical expenses for those testing positive for COVID-19, a study showed Wednesday. Researchers [...]

70 pct of Seoul Citizens Find S. Korea ‘Severely’ Unequal

70 pct of Seoul Citizens Find S. Korea ‘Severely’ Unequal

SEOUL, Jan. 28 (Korea Bizwire) – Seven in 10 Seoul citizens find South Korea “severely” unequal, a poll has suggested. According to the city government’s survey unveiled Monday, 26.5 percent said inequality in the society is “very severe” and 42.3 percent “severe.” As the areas with the worst inequality, 41.1 percent picked “building assets, such as real [...]