Tag: household income

household income

Latest News

Seoul Station is filled with people on the last day of the Chuseok holiday, in this file photo taken Oct. 9, 2025. [YONHAP]

Household income in Q4 rises 4% on higher wages, holiday bonuses

Korea's average household income rose 4 percent from a year earlier in the fourth quarter, driven by a rise in wages, government data showed Thursday.

2026.2.26

Seoul apartments are seen from Namsan Seoul Tower in central Seoul. [NEWS1]

Household income rises for 8th consecutive quarter in Q2, but growth slows

Korea's household income rose for the eighth quarter, but growth slowed to 2.1 percent, with real income increasing 1.9 percent.

2025.8.28

In shift, president appears open to income-based 'livelihood support' stimulus

President Lee Jae Myung suggested support for a hybrid approach to “livelihood support payments,” calling for universal distribution with differentiated amounts based on income — a departure from his previous advocacy for a flat-rate payout.

2025.6.17

Average household assets in Korea shrank for the first time since 2012. Pictured are apartment complexes seen from Namsan Mountain in Seoul. [YONHAP]

Average Korean income rises, but so did household debt

Income rose for the average Korean household this year, but so did household debt, as people borrowed money to buy homes and cover living expenses. Average household assets shrank for the first time since 2012, influenced by a frigid housing market.

2023.12.7

Statistics Korea's Lee Jin-seok, head of the income statistics department, announces third-quarter household income and spending at the government complex in Sejong on Thursday. [YONHAP]

Korean household income up 3%, down 2.8% in real terms

Average household monthly income in the third quarter was 4.87 million won, up 3 percent from the same quarter a year earlier. Within the transfer income category, income subsidized by the government dropped 26.1 percent.

2022.11.17

Statistics Korea's head of the income statistics division Lee Jin-seok briefs on average monthly household income in the second quarter in Sejong on Thursday. [YONHAP]

Income grows by record rate boosted by government payments

Household income rose 12.7 percent year-on-year in the second quarter, a record for a statistic compiled since 2006. The increase was largely due to Covid-19-related government subsidies, including compensation paid to small businesses.

2022.8.18

Household income grows at record pace in first quarter

Household income grew at the fastest pace on record in the first quarter on the back of the economic recovery and state relief funds for pandemic-hit merchants, data showed Thursday.

2022.5.19

Chung Dong-myung, Statistics Korea offiicial, announces household monthly income in the third quarter at the government complex in Sejong on Thursday. [YONHAP]

Gov't giveaways boost incomes, spending in Q3

Household incomes grew sharply in the third quarter, largely thanks to government giveaways. The average household income was 4.73 million won ($4,000), according to Statistics Korea on Thursday, 8 percent more than a year earlier.

2021.11.18

Chung Dong-myung, a Statistics Korea official, discusses second-quarter household income and spending at the government complex in Sejong on Thursday. [YONHAP]

Household incomes fall 0.7 percent in second quarter on year

Household income fell 0.7 percent on year in the second quarter to 4.29 million won ($3,600), mainly as a result of the high level of government payments in the same period in 2020.

2021.8.19

Applicants wait at a Small Enterprise and Market Service center in Jongno on April 26 to apply for government relief grants for small businesses. The government relief grants contributed to an increase in household income in the first quarter on year. [YONHAP]

Household income steady as government grants help

According to Statistics Korea on Thursday, in the first quarter average household monthly income was 4.38 million won, up 0.4 percent on year. Income from work fell 1.3 percent and business income dropped 1.6 percent.

2021.5.20

Tag: household income

household income

Latest News

Household income in Q4 rises 4% on higher wages, holiday bonuses

Household income rises for 8th consecutive quarter in Q2, but growth slows

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