The Korea Herald

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May 10, 2021

Income inequality widens over women losing jobs during COVID

South Korea’s income inequality has worsened after the outbreak of the COVID-19 pandemic last year, with rising female unemployment and pay cuts widening the gap, a report from the central bank showed Monday. The average income earned by the bottom 20 percent here in the April-December period last year declined by 17.1 percent on-year, data compiled by the Bank of Korea showed. The income loss is larger than those of other income groups, such as the top 20 percent, which shed an average

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