W11.1 Answer in-class questions (ChaeHyun Lee)

 Q. Can you find information about inequality trends (measured by Gini coefficient) in Korea or China in the past 10-20 years? Is inequality rising or decreasing in those countries? Is the trend good for those societies?


A. Income disparity and inequality began and intensified during Japan's period of high economic  growth, and South Korea is currently following Japan's economic history at a later stage. Korea's top income concentration was 30% before the IMF, but it worsened in the 2010s, with the top 10% accounting for 45%. In addition, South Korea's over-concentration in metropolitan areas and rural decline have led to regional disparities, and women's wages are still less than 70% of men's.

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