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Middle-class income growth hits record low

Income growth among Korea’s middle class hit an all-time low last year, raising concerns that the country’s economic backbone is weakening.According to data released Wednesday by the National Data Office’s KOSIS portal, households in the third income quintile—those classified as the middle 40–60 percent bracket—earned an average of 58.05 million won last yea..

Global stock markets shaken by recession fears
AsiaToday reporter Lee Choong-jaeThe U.S. recession fears triggered by deteriorating manufacturing outlook and rising unemployment is shaking global financ..

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