Recent data shows that eight out of 10 high-income earners in Korea - in the top 1 percent - have jobs in the Seoul metropolitan area, including the city of Incheon and the province of Gyeonggi .
Nearly 80 percent of the top earners in South Korea reside in the Seoul metropolitan area, data showed Monday, highlighting the concentration of good job opportunities in this region. According to tax agency data released by Rep. Kim Hoi-jae of the main opposition Democratic Party of Korea, the number of the top 1 percent of earners in the country was 199,591. Their average annual income was 317 million won ($234,500.
Recent data shows that eight out of 10 high-income earners in Korea ― in the top 1 percent ― have jobs in the Seoul metropolitan area, including the city of Incheon and the province of Gyeonggi .
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Assets held by South Korean households in Seoul and the surrounding metropolitan areas were some 70 percent larger than those owned by households in the non-metropolitan regions, data showed Saturday. The average per-household assets in Seoul, the western city of Incheon and the surrounding Gyeonggi Province came to 692.46 million won (US$512,554) as of end-March, some 69.2 percent greater than 409.35 million won own.