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Korea Ranks Near Bottom of OECD for Income Redistribution
Yonhap said taxes and welfare lifted Korea’s income equality by 17.6% in 2023, about half the OECD average of 34.4%.
Summary by The Korea Times
8 Articles
8 Articles
연합뉴스-Yonhap News Agency+5 Reposted by 5 other sources
S. Korea ranks near bottom of OECD for income redistribution
SEOUL, Sept. 20 (Yonhap) -- South Korea ranked near the bottom of Organization for Economi...
·Seoul, Korea (the Republic of)
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Korea's income redistribution effect through tax and welfare policies ranked 28th out of 29 OECD countries, placing it in the lowest tier. The improvement rate of the Gini coefficient in 2023 was only 17.6%, which is half the average, and concerns are being raised about the entrenchment of K-shaped polarization due to the insufficient function of mitigating inequality in disposable income relative to market income.
Coverage Details
Total News Sources8
Leaning Left1Leaning Right2Center0Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 33%
R 67%
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