The income gap between the top 10% of income and the bottom 10% of households exceeded 200 million won per year for the first time.
The asset gap widened to more than 1.5 billion won.
According to the statistics of the National Statistical Office, the average annual income of the 10th percentile, the top 10% of household income, was KRW 205.10 million last year, up KRW 13 million from a year ago, exceeding KRW 200 million for the first time since statistics were compiled.The average annual income of the first quintile, the lowest 10% of
income, was 11.9 million won, up 650,000 won from a year ago, but the gap with the top class was 2.32 million won, exceeding 200 million won for the first time.
Analysts say this is due to the widening wage gap with small and medium-sized companies due to strong exports and increased interest and dividend income for high-income earners.The income gap of
also led to the polarization of assets, with the assets of the top 10% of income standing at KRW 1,628.95 billion, more than KRW 1.5 billion higher than the bottom 10% of income standing at KRW 128.03 million.President
Yoon declared on November 11th last year that he would overcome income and education polarization as a major national task in the second half of his term, but the discussion took a back seat when he declared martial law on December 3rd, three weeks after the announcement.
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