SEOUL, Sept. 23 (Korea Bizwire) — More than half of middle class South Koreans see themselves as members of the lower class, a report said Thursday. NH Investment & Securities Co. conducted a survey of 1,140 South Korean adults, which showed that this year’s median income for a four-person household stood at 5.12 million won [...]
SEOUL, Feb. 3 (Korea Bizwire) — The vast majority of high-income earners feel that they are ‘middle class or lower’. The biennial social survey conducted by Statistics Korea last year showed that 91.1 percent of respondents with a monthly income of 6 million won (US$4,980) or higher feel that their social and economic status falls [...]
SEOUL, July 2 (Korea Bizwire) — A recent survey revealed that South Koreans define the middle class as households with more than 700 million won (US$582,300) in assets. According to the “2020 Middle Class Report” released on Wednesday by NH Investment & Securities Co.’s 100-Year-Old Research Institute, a majority of respondents replied that four-person households [...]
SEJONG, Jun. 18 (Korea Bizwire) — According to Statistics Korea, the percentage of household expenditures devoted to charitable donations from middle-income families was lower than that of poorer families, which means middle class families spent more money on themselves compared to those of lower economic status. The average amount of money donated to “non-profit organizations” [...]
SEOUL, June 7 (Korea Bizwire) – The ratio of the middle class in South Korea fell slightly last year amid growing income disparity, the finance ministry said Tuesday. The ratio of the middle class stood at 65.7 percent in 2016, down from 67.4 percent a year earlier, according to the ministry. South Korea defines the middle [...]
SEOUL, April 25 (Korea Bizwire) – Most middle-class young South Koreans are saving in an effort to work up the property ladder, while young Chinese people are saving with the hope of opening a new business, a recent study revealed. According to the report released yesterday by Standard Charted Group on middle-class income earners in Asia [...]
SEOUL, Nov. 30 (Korea Bizwire) – According to a recent study entitled ‘2017 Korean Middle Class Report’ from the 100 Years of Age Lab at NH Investment & Securities, six out of ten middle class Koreans think they are a part of the Korean lower class. From October 17 to 21, the survey targeted 1,025 [...]
SEOUL, June 18 (Korea Bizwire) – A study shows that Koreans perceive a “middle class household” as a family which earns close to 5.15 million won monthly and owns a 115.7-square-meter residence or 35 pyong one, a unit of size of rooms or buildings in Japan, Korea and Taiwan. Hyundai Economic Research Institute recently issued [...]