Poverty rate (after taxes and transfers) in South Korea equates to approximately 14.6% as of 2013
Poverty in South Korea has been in drastic decline since the mid-20th century, particularly the absolute poverty rate. Relative poverty was also in decline until the late 1990s, rose in the aftermath of the Asian Financial Crisis, and has been in decline since the 2010s. While only about 2% of South Koreans are affected by absolute poverty today, about 14-15% of these 2% are elderly and are affected by relative poverty. Elderly relative poverty has been in consistent decline since 2011, according to the OECD.
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PovertyinSouthKorea has been in drastic decline since the mid-20th century, particularly the absolute poverty rate. Relative poverty was also in decline...
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Korea (Korean: 한국, romanized: Hanguk inSouthKorea or 조선, Chosŏn in North Korea) is a peninsular region in East Asia. Since 1945, it has been divided...
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Poverty reduction, poverty relief, or poverty alleviation is a set of measures, both economic and humanitarian, that are intended to permanently lift...
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