Top 0.1% Earn 767.6 Million KRW in Labor Income... 27 Times the Median Income Level
[Asia Economy Reporter Kwangho Lee] It has been revealed that the top 0.1% of wage earners make 27 times more than the median income earners.
On the 10th, Kim Heegon, a member of the People Power Party belonging to the National Assembly's Political Affairs Committee, analyzed the '2019 Tax Year Wage Income 1000 Quantiles' data received from the National Tax Service. The average annual salary of the top 0.1% wage earners, totaling 19,167 people, was calculated to be 767.6 million KRW.
During the same period, the average annual salary of median income earners was 28.2 million KRW, showing a 27-fold difference.
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Expanding the range to the top 0.5%, the average annual salary was 365.4 million KRW, which was 13.0 times that of the median income earners.
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