Sunday, November 18, 2007

High salaries on the rise in Korea!!!

The number of high-income salaried workers earning over 80 million won ($88,000) per year has increased 7.6-fold over the past 10 years, while employees receiving below 10 million won dropped 36 percent, the Ministry of Finance and Economy said. This should be good news for companies as consumer might be more willing to spend their growing income. Especially high quality and luxury goods sales should be affected.



Read whole story at Koreatimes

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