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South Korea Household Income Rises for Ninth Straight Quarter

Feb. 24 (Bloomberg) -- South Korean household income rose for a ninth straight quarter from a year earlier as job market conditions improved.

Average monthly income at households gained 7.3 percent to 3.9 million won ($3,468) in the fourth quarter from a year earlier after a 6.5 percent gain in the previous three months, Statistics Korea said in a report today.

Households’ monthly spending excluding tax and social security-related payments increased 3.1 percent to 2.4 million won last quarter from a year earlier.

To contact the reporter on this story: Eunkyung Seo in Seoul at eseo3@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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