Incomes have fallen 29% for lowest income households in Q1 as jobs disappear
Updated: 2020-05-24 13:02:27 KST
The coronavirus pandemic has had a critical impact on family budgets, especially for South Korea's lowest income households, and it's widened the income gap.
According to Statistics Korea, households in the lower 10 percent bracket saw their incomes decline last quarter by 3.6 percent on year.
And the ones with the lowest incomes within that group saw theirs go down by one third because of a lack of daily work and temporary jobs.
Among the highest earners, in the top ten percent, their incomes actually rose by 7 percent, so that their incomes were six times that of the bottom bracket.