S. Korea’s monthly household income edges up 0.8 pct in Q1

SEJONG-- The monthly income of South Korean households edged up 0.8 percent on-year in the first quarter of this year amid a protracted economic slump, government data showed Saturday.

A family of two members or more earned an average 4.59 million won (US$4,100) per month in the January-March period, up from 4.56 million won tallied a year earlier, according to the data by Statistics Korea. When adjusted for inflation, income fell 1.2 percent from a year ago.

From a quarter earlier, it gained 0.2 percent from 4.31 million won.

The amount of earned income stayed nearly flat at 3.02 million won in the three-month period from a year earlier, while earnings from business operations rose 0.9 percent to 856,100 won.

Transfer income, which encompasses state welfare support, and profits generated by assets rose 5.3 percent and 15.2 percent, respectively.

Source: Yonhap News Agency

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