Every 7 in 10 South Korean suffered income reduction amid Covid: Survey

Nearly seven in 10 South Koreans saw their income fall in the wake of the Covid-19 pandemic, a survey revealed on Thursday.

South Korea flag
South Korea; Photo: Unsplash
IANS Seoul
2 min read Last Updated : Mar 03 2022 | 12:53 PM IST

Nearly seven in 10 South Koreans saw their income fall in the wake of the Covid-19 pandemic, a survey revealed on Thursday.

In the survey conducted by the Korea Institute of Public Administration, 68 per cent said their average monthly income was lower in 2021 than in 2019 before the pandemic struck, reports Yonhap News Agency.

Only 30 per cent said their income rose, while the remaining 2 per cent said it remains unchanged.

Those who earned less lost 1.25 million won ($1,038) per month on average, while those who earned more saw their monthly income increase by 786,700 won on average.

The income decrease appeared to be attributable to shorter working hours amid the pandemic.

Respondents worked 6.34 hours per day on average before the pandemic but worked 5.62 hours after the pandemic broke out, down by 0.72 hours, or 43 minutes.

They stayed longer at home, doing house chores and spending more time with their family, after the pandemic.

The survey also showed that 39.2 per cent of respondents said they became unhealthier and 43.7 per cent said their mental health deteriorated during the pandemic.

The government's anti-virus measures received a positive assessment in general, with the mandatory face mask rule, self-isolation of all inbound travellers and no-assembly order on adult entertainment facilities receiving over 4 points on a 5-point scale, according to the survey.

--IANS

ksk/

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :CoronavirusSouth Koreaincome

First Published: Mar 03 2022 | 12:53 PM IST

Next Story