S Korea’s income equality improves in Q1

24 May, 2019 12:00 AM printer

SEOUL: Income equality in South Korea improved in the first quarter on the government's efforts to increase earnings of the low-income bracket, a government report showed Thursday.

The bottom 20-percent households with at least two family members earned a monthly average income of 1,255,000 won (1,054 U.S. dollars) in the January-March quarter, down 2.5 percent from a year earlier, according to Statistics Korea, reports Xinhua.

The falling pace sharply slowed from a 17.7-percent drop tallied in the previous quarter. It came as the government pushed for a so-called income-driven economic policy to narrow income gaps.