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Korean Middle Class Comparatively Stingy with Charitable Donations

Korean Middle Class Comparatively Stingy with Charitable Donations

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” [...]

Young South Koreans Save For House, While Chinese Save to Start a Business

Young South Koreans Save For House, While Chinese Save to Start a Business

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 [...]