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Annual growth of South Korean households’ monthly income picked up in the third quarter, but their spending grew at its slowest pace in more than three years amid a longstanding economic slowdown, a government report showed Friday.
Households’ monthly income averaged 4.14 million won ($3,808) in the July-September period, up 6.3 percent from a year earlier, according to the report by Statistics Korea. In the second quarter, such income grew 6.2 percent from a year ago.
Inflation-adjusted household income rose 4.6 percent over the same period. Disposable income grew 6.3 percent on-year to 3.35 million won, it showed. (Yonhap News)
Households’ monthly income averaged 4.14 million won ($3,808) in the July-September period, up 6.3 percent from a year earlier, according to the report by Statistics Korea. In the second quarter, such income grew 6.2 percent from a year ago.
Inflation-adjusted household income rose 4.6 percent over the same period. Disposable income grew 6.3 percent on-year to 3.35 million won, it showed. (Yonhap News)
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Articles by Korea Herald
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