Poverty & Inequality in South Korea 20 indicators covering poverty & inequality for South Korea. IndicatorLatest Year10-yr change Rank Poverty headcount ratio at $8.30 a day (2021 PPP) 0.5% 2021 down 82.1% 110th Poverty headcount ratio at $4.20 a day (2021 PPP) 0.2% 2021 down 77.8% 104th Poverty headcount ratio at $3.00 a day (2021 PPP) 0.1% 2021 down 80.0% 101st Poverty gap at $3.00 a day (2021 PPP) 0.1% 2021 down 66.7% 89th Prosperity gap 0.7 average shortfall from a prosperity standard of $28/day 2021 down 41.7% 108th Poverty gap at $8.30 a day (2021 PPP) 0.2% 2021 down 81.8% 110th Poverty headcount ratio at societal poverty line 14.2% 2021 down 2.1% 89th Poverty gap at $4.20 a day (2021 PPP) 0.1% 2021 down 75.0% 98th Population living in slums 4.5% 2022 down 51.6% 114th Income share held by second 20% 12.4% 2021 down 3.9% 49th Gini index 32.9 2021 up 2.8% 76th Income share held by lowest 20% 7.4% 2021 up 1.4% 54th Income share held by lowest 10% 2.9% 2021 up 11.5% 53rd Income share held by highest 10% 25.0% 2021 up 3.3% 76th Income share held by highest 20% 40.3% 2021 up 2.0% 76th Income share held by fourth 20% 23.1% 2021 unchanged 12th Income share held by third 20% 16.9% 2021 down 2.3% 41st Proportion of people living below 50 percent of median income 12.6% 2021 up 2.4% 48th Share of population living in extreme poverty vs. GDP per capita 0.1% 2021 down 80.0% 101st Multidimensional poverty headcount ratio (World Bank) 0.1% 2021 down 80.0% 59th