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Korea's top 20% income earners account for about 50% of Korean people's overseas spending

2018-07-28 1 Dailymotion

High income earners account for about half of Koreans' overseas spending.<br />According to a National Assembly Budget Office report, Korea's top 20 percent of income earners accounted for 49-point-six percent of Koreans' total overseas spending in 2016.<br />The high income group accounts for 38 percent of Korea's total income, and 31 percent of Korea's domestic spending, comparatively less than they spend overseas. <br />The report recommended Korea boost its domestic tourism and education sectors to help increase the amount spent locally. <br />

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