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The poverty rate of elderly people in South Korea is the highest among the OECD countries Poverty rate in South Korea (age 65+) in 2011. Choo, Park and Yoon noted that both absolute and relative poverty have declined in Korea from 1965 to 1990. [1]
According to the Asian Development Bank, the female labor force participation rate in South Korea has climbed from 54.4% to 67.5%, whereas the growth rate in per capita income has risen from 3.6% to 4.1% on average, over a generation. Additionally, differences between men and women at home and in the labor market were entirely eliminated.
The poverty line for lower middle-income countries (LMICs) has moved to US$3.65 from US$3.20, while the poverty line for upper middle-income countries (UMICs) has moved to US$6.85 from US$5.50. [ 6 ] The first table lists countries by the percentage of their population with an income of less than $2.15 (the extreme poverty line), $3.65 and $6. ...
The poverty rate of elderly people in South Korea is the highest among the OECD countries. Poverty rate in South Korea (age 65+) in 2011. South Korea's pension scheme was introduced relatively recently, compared to other democratic nations.
The economy of South Korea is a highly developed mixed economy. [19] [20] [21] By nominal GDP, the economy was worth ₩2.61 quadrillion (US$1.87 trillion).It has the 4th largest economy in Asia and the 12th largest in the world as of 2025. [3]
High income 40.00 2009 South Korea: Eastern Asia: High income 32.9 2021 33.10 2020 32.4 2022 Kuwait: Western Asia: High income 36.02 2000 Laos: South-eastern Asia: Lower middle income 38.8 2018 38.80 2019 Lebanon: Western Asia: Lower middle income 31.8 2011 31.83 2012 Liberia: Western Africa: Low income 35.3 2016 35.27 2016 Libya
This is a list of South Korean regions by GDP. All data are sourced from the latest regional statistics published by the South Korean Government, [1] the OECD and the International Monetary Fund (IMF). [2] [3] The South Korean won has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate.
It is also the fastest insurance system in the world. The insurance system has resulted in the South Korean health indicators to be above the OECD average (average life expectancy, infant mortality rate per 1,000 people, high medical accessibility, high quality of medical care, etc.). [11]