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Government concerned about income inequality: Finance Minister

2018-06-07 9 Dailymotion

김동연 "분배악화 대응과제, 필요시 예산•세제안에 적극 반영"<br /><br /> The South Korean government is concerned about widening income inequality.<br /> Finance Minister Kim Dong-yeon said on Thursday that the government sees the fall in average income for the low-income households and worsening income inequality as an important issue.<br />He cited unemployment and a slump in wholesale and retail markets, as well as an increase in older households due to aging population as factors driving income inequality.<br />The minister added that income inequality comes from structural problems and that a long-term policy is needed to tackle the issue.<br />The comments came after Statistics Korea reported that the disparity in earnings widened despite real household income increasing in the first quarter compared to the previous year. <br />

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