Most Popular
-
1
Korea’s homegrown nanosatellite successfully launches into space
-
2
Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
-
3
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
![[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/24/20240424050844_0.jpg&u=20240424200058)
-
4
Nicaragua shuts down Seoul embassy
-
5
Hybe's multilabel system tested amid conflict with Ador
![[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/04/24/20240424050844_0.jpg&u=20240424200058)
-
6
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
-
7
SNU profs to suspend treatment for one day
-
8
SK hynix pledges W20tr to ramp up DRAM production at home
-
9
Over-50s, men, single-person households take up majority of those filing for bankruptcy
-
10
Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
[THE INVESTOR] South Korea’s income inequality worsened in the second quarter of the year, Statistics Korea data showed on Aug. 19.
According to the data, the income of households in the bottom 20 percent dropped 6 percent compared to the same period last year to come in at about 1.39 million won (US$1,240).
In contrast, that of the top 20 percent of households increased 1.7 percent to come in at 8.21 million won per month.
The drop in the lowest income households’ earnings was attributed to falls in the employment rates of seniors, temporary workers and day laborers.
By Choi He-suk (cheesuk@heraldcorp.com)
According to the data, the income of households in the bottom 20 percent dropped 6 percent compared to the same period last year to come in at about 1.39 million won (US$1,240).
In contrast, that of the top 20 percent of households increased 1.7 percent to come in at 8.21 million won per month.
The drop in the lowest income households’ earnings was attributed to falls in the employment rates of seniors, temporary workers and day laborers.
By Choi He-suk (cheesuk@heraldcorp.com)
![[KH Explains] Korean shipbuilding stocks rally: Real growth or bubble?](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/25/20240425050656_0.jpg&u=)
