Household profit of S.Korea declines in Q3


(MENAFN) A governmental report showed that South Korean real household earnings decreased in the third quarter from year before.

According to the report by Statistics Korea, a standard household made 4.54m won each month in Q3, a 2.1% small increase from the year before.

However, the inflation-adjusted real profit dropped about 0.2% on-year, with the consumer price index of the country flying around 2% during 2017.

According to the latest findings, income of households increased 1.6% on-year to an average 3.07m won within the 3 month period, while transferred income jumped 1% to 450,000 won.

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