COVID-19 HITS HARD ON SOUTH KOREAN LOW-INCOME HOUSEHOLDS

Highlights –

• Low-income households in South Korea face a major blow due to the pandemic.
• The average monthly income of households remained in the bottom 20 percent bracket.
• Their consumption spending fell 10 percent to $1,197.80.
• Data showed that 53 percent of households in the lower-income bracket was in loss.

A South Korean government data showed that....