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Recent Poverty Trends in Korea: With Special Reference to One-Person Households
Author Wan-sub Lim Ho 2 Date 2017 . 03 Page

Korea's disposable-income poverty rate has been declining steadily over the recent years without notable volatility. As shown in Figure 1, the disposable-income poverty rate was at its highest in 2009, when, in the aftermath of the 2007 global financial crisis, the Korean economy was in dire recession. However, whereas the poverty-reduction effect of public transfers has grown to a great extent, the market-income poverty in general, and the poverty rate of one-person households in particular, have turned upward of late.



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