Hyundai car assembly plant in Ulsan, July 2006. Wikimedia Commons


The Korea Herald-Dec 10

Korea’s per capita income is expected to exceed $30,000 for the first time this year. That’s good news, but not all Koreans can welcome it with open arms.

Various data sets show that Korea’s gross national income for 2018 will surpass the mark. The International Monetary Fund estimated that Korea’s GNI in 2018 will reach $32,000 per capita, and local wire service Yonhap News Agency, citing data from the Bank of Korea and other financial institutions, predicted it will stand at $31,243.

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First published in: The Korea Herald