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ECONOMY

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..

Moon stresses emergency economic response
AsiaToday reporter Lee Jang-won As South Korea is preparing for another potential wave of mass new coronavirus infections, attention is now focused on..

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