Income gap in Korea widens in Q2
- 6 years ago
The gap in incomes between the haves and have-not is steadily widening in Korea.
Data released by Statistics Korea on Sunday show inflation-adjusted real income in the bottom 20 percent income bracket... recorded a monthly average of around 11-hundred U.S. dollars during the second quarter this year... a nine-percent drop from the same period last year.
That's an on-year decline of 113 dollars... and it's the steepest slump recorded during the April-to-June period... since related data was first compiled in 2003.
On the other hand, the monthly real income of households in the top 20-percent income bracket rose by nearly nine-percent from the same period last year to 78-hundred-60 dollars.
Data released by Statistics Korea on Sunday show inflation-adjusted real income in the bottom 20 percent income bracket... recorded a monthly average of around 11-hundred U.S. dollars during the second quarter this year... a nine-percent drop from the same period last year.
That's an on-year decline of 113 dollars... and it's the steepest slump recorded during the April-to-June period... since related data was first compiled in 2003.
On the other hand, the monthly real income of households in the top 20-percent income bracket rose by nearly nine-percent from the same period last year to 78-hundred-60 dollars.