S. Korea's income disparity widens at one of fastest rates
Social affairsJun 15, 2014
South Korea's income disparity significantly widened over the past years with the gap between top and low income earners growing at one of the fastest rates in the world, data showed Sunday.According to the state statistics office, the average monthly income of South Korea's urban households nearly doubled from about 2.1 million won (US$2,060) in 1990 to a little over 3.9 million won last year.However, the country's Gini coefficient widened from 0.256 to 0.280 over the cited period.Gini coeffici