The monthly average household income during the second quarter expanded three-point-five percent from a year earlier, with earned income rising three-point-nine percent on-year to lead the overall gain.
According to Statistics Korea on Thursday, the monthly household income between April and June was around four-point-961 million won, or some three-thousand-700 U.S. dollars.
Taking into account inflation, real income also increased zero-point-eight percent from the previous year, making a turnaround from minus one-point-six percent in the first quarter.
While the overall income expansion can be attributed to the three-point-nine-percent on-year rise in earned income, the one-point-four-percent increase in business income amid the weak domestic demand fell well short of the inflation.
The bottom 20-percent income bracket saw its business income drop by 12-point-six percent, the biggest margin among all income brackets, as well as earned income by around seven-point-five percent.
Meanwhile, the average household spending surpassed income for the eighth straight quarter, with consumption excluding tax and pension payments jumping four-point-six percent on-year to two-point-813 million won.