Monthly household income in South Korea grew 2.8 percent on-year during the second quarter, thanks in part to improving labor market conditions that resulted in more employment, a government report said Friday.
The income of households consisting of two members or more averaged 4.15 million won (US$4,060) per month during the April-June period, up from 4.04 million won a year earlier, according to the report by Statistics Korea. When adjusted for inflation, income grew 1.1 percent.