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How much does the top 1% of Korea earn?

The top 1% of earners in South Korea earned at least KRW 661 million ($588,000) in 2019, according to a report by the National Tax Service. The group consists mostly of business owners and high-level professionals in finance, law and medicine, and may also inherit wealth from their families or earn income from investments or real estate holdings. The income gap between the top 1% and the rest of the population is significant, with the top 10% earning around nine times more than the bottom 10%. South Korea ranks high in terms of income inequality among OECD countries. Efforts to address inequality include raising the minimum wage, expanding social welfare programs and increasing taxes on the wealthy.

Question about South Korea

What are the top 5 diseases in South Korea?

South Korea faces health challenges from diseases such as cancer, cardiovascular disease, respiratory disease, liver disease, and mental health disorders. Cancer is the most common disease in South Korea, while cardiovascular disease is the leading cause of death. Respiratory diseases are also prevalent due to air pollution, while liver disease is linked to high rates of alcohol consumption and hepatitis B infection. Mental health disorders are becoming increasingly common among young people due to academic pressure, work-related stress, and social isolation. Addressing these health issues will require a coordinated effort from healthcare professionals, policymakers, and individuals.

Question about South Korea

What are the top 10 diseases in Korea?

The top 10 diseases that affect the Korean population include cancer, cardiovascular diseases, pneumonia, tuberculosis, hepatitis, diabetes mellitus, Alzheimer's disease, respiratory diseases, mental health disorders, and arthritis. Prevention and early detection are key to reducing the burden of these diseases on the Korean population. Cancer is the leading cause of death in Korea, with lung cancer being the most common type. Cardiovascular diseases are responsible for a significant number of deaths in Korea as well. Mental health disorders and arthritis are becoming increasingly prevalent in Korea.

Question about South Korea

What is the top 10 percent salary in Korea?

The top 10 percent salary in Korea refers to individuals earning KRW 7.53 million ($6,500) or more per month, according to data from the Korean Statistical Information Service (KOSIS). Factors such as education level, work experience, job position, location, and age determine high salaries in Korea. Certain industries such as finance, technology, medicine, law, and engineering pay higher salaries than others. Unfortunately, like many countries worldwide, Korea suffers from a gender pay gap with male employees earning significantly more than female employees. Despite earning a high salary, some challenges come with being a high-earning employee in Korea such as long working hours and high levels of stress.