[KOREAN ECONOMIC NEWS] Good morning, everyone. I’m Byeongyeon Yoo staff of Kamaindia Pvt. Ltd.
Here I have an important Korean economic news to share with you which is as undermentioned.
The monthly average income of households in the bottom 20 percent bracket dropped by the largest margin in the first quarter despite the Moon Jae-in government’s efforts to narrow income disparity and promote income-led economic growth.
According to Statistics Korea on Thursday, the nominal monthly income of households in the bottom 20 percent range was 1.29 million won ($1,197.1) in the January-March period, down 8 percent frm the same period a year ago. It is the sharpest quarterly fall since the government started compiling related data in 2003.
Kamaindia Pvt. Ltd.
Have a nice day.