Wednesday, May 19, 2010

Widening the Income Gap

According to Statistics Korea, the income gap between the rich and the poor is widening with the monthly salary of those in the high-income brackets jumping by over two million won during the past five years, while low-income earners only received a 170-thousand won bump.

Korea’s wealthiest 10 percent earned over 10 million won (about 8,700 USD) a month during Q1, whereas the poorest 10 percent made only 580 thousand won.

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