The income disparity between the top 20 percent and bottom 20 percent of households widened with many of the country's low-paying jobs being slashed due to the COVID-19 pandemic.
The average monthly income of households belonging to the bottom 20 percent was 1.49 million won, which remained flat year-on-year, according to Statistics Korea (KOSTAT).
In contrast, those from the top 20 percent of households enjoyed a 6.3 percent hike to 11.15 million won in monthly income during the period.
South Korea's average household had a monthly income of 5.35 million in the first quarter, which is 3.7 percent more from a year earlier.
KOSTAT attributed the rise in inequality to the shrinking wages of low-income households, and a cut down in temporary positions.
The state-run statistics agency added that the number of workers at big companies has increased, and wealthy families received bigger national pensions.
With the number of temporary jobs continuing to decrease in April, KOSTAT warned that worsening income inequality could subsist in the second quarter.
In response to the statistics, the government pledged to hasten its efforts to stabilize the job market and offer financial support to poorer families.


Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis
Gold Price Drops as Strong Dollar and Fed Rate Outlook Weigh on Bullion
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
US Stock Futures Slip as Fed Minutes, Earnings Season Take Center Stage
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb
US Stock Futures Rise as Investors Eye Fed Minutes, AI Stocks, and Q2 Earnings
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks
Oil Prices Rise as Strait of Hormuz Risks Offset OPEC+ Supply Increase
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation
Dollar Rebounds as Euro, Pound Slip Ahead of Fed Minutes, Yen Near Intervention Zone
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 



