What is the wealth distribution like in South Korea?

Social Studies

2 answers:

garik1379 [7]3 years ago

7 0

Answer:

Here's one way to visualize Korean inequality: According to the World Inequality Database, an authoritative resource on income and wealth around the world, the top 1 percent of South Koreans own about 25 percent of the nation's wealth, while the bottom half of the population owns just under 2 percent.

Explanation:

Alecsey [184]3 years ago

7 0

Answer:

Since corea is a command economy that means monetary equality, so basically everyone gets paid the same because the government manufactures everything. Versus a market economy where business takes ownership with very little government interventions, this creates competition to "climb the ladder" to make the most money. In Korea jobs are provided by the government so most wages are around the same amount.

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