South Korea’s Middle-Aged Workforce Faces Steep Decline in Business Income Amid Prolonged Economic Slump

SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s economic backbone—households headed by those in their 40s—saw a sharp drop in business income during the third quarter, reflecting prolonged domestic demand stagnation and heightened challenges for self-employed workers. According to Statistics Korea on Friday, the average business income for 40-something households fell to ₩1.07 million, down 13.1% [...]