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[Economy] Income gap between top, bottom 10% of households reaches new record

6 Jan 2025
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"The income gap between the top and bottom 10 percent of households in Korea last year exceeded 200 million won ($136,000) for the first time, while the disparity in assets between these groups grew to over 1.5 billion won, according to Statistics Korea, Sunday.

Polarization has continued to intensify each year, but discussions on policies to address it have been sidelined due to ongoing political turmoil. This instability began after President Yoon Suk Yeol's brief imposition of martial law on Dec. 3, which occurred just three weeks after he had identified tackling polarization as a key priority for the nation."

- The Korea Times, Jun Ji-hye (2025/01/05)


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