SEJONG, May 21 (Korea Bizwire) — South Korea’s household income rose in the first quarter from a year earlier, but the income gap between the haves and have-nots widened, as the employment situation of the low-income bracket worsened amid the coronavirus pandemic, a report showed Thursday. The average household earned 5.35 million won (US$4,357) per [...]
![[In-depth] Korea’s Postpartum Care Centers Highlight the Nation’s Widening Income Gap](http://koreabizwire.com/wp/wp-content/uploads/2014/12/baby1-800x542.jpg "[In-depth] Korea’s Postpartum Care Centers Highlight the Nation’s Widening Income Gap")
SEOUL, Dec 21 (Korea Bizwire) – Even though the Korean government has for years worked hard to raise the nation’s rate of child births to get away from the disgrace as a country with the world’s lowest birthrate, its bid has not been so successful as the country remains at the bottom of the list [...]
SEOUL, Nov. 27 (Korea Bizwire) — Korea’s effect of taxes and social spending on poverty reduction turned out smallest among Organization for Economic Cooperation and Development member nations. According to the 2014 Household Finance and Welfare Survey released on November 26, Korea’s poverty rate in 2013 was 18.9 percent in terms of market income and 16.4 percent in [...]
![[Quote] Korea’s Private Ed Spending Highest among OECD Nations…Piketty](http://koreabizwire.com/wp/wp-content/uploads/2014/09/Thomas-Piketty--800x441.jpg "[Quote] Korea’s Private Ed Spending Highest among OECD Nations…Piketty")
“Korea is one of the countries among the Organization for Economic Cooperation and Development members with the highest private education spending. As a way to relieve the problem of income inequality, you should consider raising the investment on public education.” “It is important to strengthen the public education system to make sure everyone in society [...]
SEOUL, July 18 (Korea Bizwire) — A firefighting helicopter crashed in Gwangju, South Korea, killing all five people on board. The helicopter crashed onto a residential area in the middle of the day, causing further damage to the pedestrians near the accident site, including a teenage girl who was reportedly hit by a fragment of [...]
SEOUL, Korea, April 30, 2014 (Korea Bizwire) – A study shows that “wageless growth,” which is an economic phenomenon in which real wage goes down while labor productivity is increased, was most prominent in Korea among major developed economies. According to a research report published by the Korea Institute of Finance “International Comparison on Wageless [...]