Bloomberg News

South Korea Household Income Rises for 11th Straight Quarter

August 16, 2012

South Korean household income rose for an 11th straight quarter from a year earlier even as economic growth cooled amid Europe’s debt crisis.

Average monthly income at households increased 6.2 percent to 3.9 million won ($3,441) in the second quarter from a year earlier after a 6.9 percent gain in the previous three months, Statistics Korea said in a report today.

Household’s monthly spending excluding tax and social security-related payments increased 3.6 percent to 2.4 million won last quarter from a year earlier.

To contact the reporter on this story: Cynthia Kim in Seoul at ckim170@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net


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