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News
News Briefing
Briefing
ByParkHyun-chul
EditorialConsultant
qpsials31@hufs.ac.kr
ThePOOR:
Workingpoor
Theworkingpooramongcollegegraduates
has increased by 10 percent every year,
according to the LG Economic Research
TheStatusquoofPovertyinKorea
Institute, a private think-tank established in
1986 by LG, one of the largest companies
in Korea. The number of working poor,
including college graduates, rose from
TheReason:Whatmakesyoupoor?
166,000in2000to6,750,000in2012.
?Amongyoung20s
51%responded:tuitionfeesandeducational
Low
Wealth
6,750,000
expenses
Wage
Payment
Gap
?Peopleintheir30sand40s
30%
16.2%
14.6%
30s-54.1%responded:purchasingahome
40s-61.9%responded:purchasingahome
166,000
20s
40s
30s
61.9%
51%
54.1%
Silver-poor
House-poor
The poverty ratio of single elderly
A report by the Hyundai Research Institute (HRI),
households is 76.6% in Korea, while the
establishedbyHyundai,theoneofthelargestcompanies
ratio of OECD-members¡¯ average is 30.7%,
inKorea,showedthattheratioofHouse-pooris10.1%
10.1%
accordingtoareportin2012bytheSamsung
ofallhouseholds.
Economic Research Institute (SERI),
?The term ¡°house-poor¡± refers to home owners
established by the leading corporation in
that have difficulty in paying off their debts due to
Korea,Samsung.
a prolonged slump in the housing market after borrowing from banks in
anticipationofafuturewindfallfromrisingpropertyprices.
?Theterm¡°silver-poor¡±referstopoorelders.
Edu-poor
824,000
Another report by HRI said
76.6%
Households
that the number of Edu-poor is
824,000householdsin2012.
?¡°Edu-poor¡± is a newly coined
s
tu
term that refers to those who
d
y
became poor due to excessive
educationalexpenses.
NOVEMBER 2013
7

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