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This is a Quantitative Study study.

October 18, 2025

Income Inequality in South Korea, 1933–2022: Evidence from Distributional National Accounts

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Analysis reveals changes in income inequality and top income shares in South Korea, indicating challenges against the Kuznets Curve.

Income inequality in South Korea fluctuated significantly, particularly after wars and land reforms in the 20th century.
Top income shares significantly decreased until the mid-1960s, then stabilized despite rapid economic growth during subsequent decades.
The 1997 Asian Financial Crisis marked a turnaround, worsening income inequality due to increasing capital income concentration.
Compared to other East Asian nations, South Korea's bottom 50% income shares highlight a unique aspect of income distribution amid economic growth.

Hong et al. (2025) studied this question.

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