Tag: wealth gap

wealth gap

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Apartment buildings are seen from Mount Nam in central Seoul on Feb. 12. [YONHAP]

Younger homeowners hit by rising house prices, older owners benefit

Rising home prices in Korea have reduced spending and overall economic well-being for younger households while increasing wealth for older homeowners, a Bank of Korea (BOK) report showed on Thursday.

2026.2.17

An usher directs an attendee to a seat for a seminar at a convention titled AI Expo in Tokyo, Japan, on Aug. 27 in this file photo. [AP/YONHAP]

AI's impact could worsen gaps between world's rich and poor, a UN report says

Behind the hoopla over the promise of AI lay difficult realities, including how such technology might affect people already disadvantaged in a data driven world.

2025.12.3

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An aerial view of the Seoripul area in Sinwon-dong, Seocho District, southern Seoul, is pictured on Nov. 17, 2024. [YONHAP]

1 in 5 households own 91% of private land, data shows

A mere fifth of households in Korea lay claim to more than 91 percent of the country’s private land, highlighting a persistent imbalance in land ownership. Meanwhile, the bottom 50 percent of households hold just 0.8 percent.

2025.7.11

Those who didn't buy are singing the real estate blues

A 37-year-old man, a resident of Ilsan, Gyeonggi, often feels ashamed when comparing himself with one of his colleagues.

2021.1.13

Tag: wealth gap

wealth gap

Latest News

Younger homeowners hit by rising house prices, older owners benefit

AI's impact could worsen gaps between world's rich and poor, a UN report says

Most popular

179 dead after Jeju Air flight 7C2216 crashes at Muan International Airport — as it happened

[단독] 삼성SDI 전고체 배터리, 2027년 양산 순항…휴머노이드·모바일까지 확장

Samsung shatters profit record with $58.4B Q2 earnings

Was Son Heung-min benched over media boycott? Whistleblower claims squad rift cost Korea at World Cup.

Ex-football manager Hong Myung-bo leaves for U.S., says his story 'will come out someday'

1 in 5 households own 91% of private land, data shows

Those who didn't buy are singing the real estate blues