[Graphic News] Korea's per capita income to top $40,000 in 2023
Jul 27, 2015
South Korea will reach a per capita gross national income of $40,000 in 2023 if Korea continues low growth, data showed Monday.According to the Korea Economic Research Institute, the OECD predicted that if South Korea’s potential growth rate falls to 2.9 percent, it would take 17 years for the per capita GNI to rise from $20,000 to $40,000. South Korea reached $20,000 in 2006.This is longer than the OECD average, which was 13.6 years. Among the G7 nations, Japan, Italy and Britain took eight, 13