Poverty & Inequality in South Korea 101 indicators covering poverty & inequality for South Korea. IndicatorLatest Year10-yr change Rank Distribution of population between different poverty lines 35.98 million people 2021 up 79.7% 8th Poverty: Share of population living on less than $30 a day 16.3% 2021 down 58.6% 100th Share of population living in extreme poverty 0.1% 2021 down 80.0% 101st Poverty: Share of population living on less than $8.30 a day 0.5% 2021 down 82.1% 108th Number of people living in extreme poverty 51.72 million people 2021 up 4.9% 24th Distribution of population between different poverty lines 51,770 people 2021 down 79.1% 79th Number of people living in extreme poverty 51,770 people 2021 down 79.1% 79th Share living on less than $8.30 a day vs. mean income or consumption 0.5% 2021 down 82.1% 108th The share and number of people living in extreme poverty 0.1% 2021 down 80.0% 101st Relative poverty: Share of population below 40% of the median 6.8% 2021 down 10.5% 49th Relative poverty: Share of population below 50% of the median 12.6% 2021 up 2.4% 46th Relative poverty: Share of population below 60% of the median 19.4% 2021 up 5.4% 47th Poverty: Share of population living on less than $40 a day 30.5% 2021 down 48.8% 101st Extreme monetary poverty and multidimensional poverty over time 0.1% 2021 down 80.0% 101st Share of population living on less than $4.20 per day vs. share in multidimensional poverty 0.2% 2021 down 77.8% 108th Share of global population living in extreme poverty including and excluding China 0.1% 2021 down 80.0% 101st Share of the population in poverty vs. Electoral Democracy Index 0.8% 2021 down 78.9% 106th Number of people living in extreme poverty: September 2024 data vs. latest data 51,770 people 2021 down 79.1% 79th Distribution of population between different poverty lines 35.98 million people 2021 up 79.7% 8th Gini coefficient 0.3291 2021 up 2.8% 74th Share of children who are underweight vs. share in extreme poverty 0.4% 2020 down 50.0% 95th Cereal yield vs. extreme poverty rate 0.1% 2021 down 80.0% 99th Multidimensional poverty headcount ratio (World Bank) 0.1% 2021 down 80.0% 61st Income inequality: Gini coefficient before and after tax 0.3315 2021 up 7.0% 18th Gini coefficient (after tax) 0.3315 2021 up 7.0% 18th Distribution of population between different poverty lines (2011 prices) 51.23 million people 2021 up 8.5% 12th Share of population living in extreme poverty (2011 prices) 0.0% 2021 down 100.0% 112th Poverty: Share of population living on less than $30 a day (2011 prices) 19.7% 2021 down 56.6% 105th Share of population living in extreme poverty: 2011 vs. 2017 prices 0.0% 2021 down 100.0% 112th Number of people living in extreme poverty: 2011 vs. 2017 prices 0 people 2021 down 100.0% 112th Share of population living on less than the lower-middle income poverty line: 2011 vs. 2017 prices 0.2% 2021 down 66.7% 97th Share of population living on less than the upper-middle income poverty line: 2011 vs. 2017 prices 0.2% 2021 down 83.3% 108th Share of population living in extreme poverty (2017 prices) 0.0% 2021 down 100.0% 111th Reduction in income inequality before and after tax 18.2% 2022 up 187.4% 35th Reduction in income inequality before and after tax among total vs. working age population 14.6% 2022 up 199.1% 33rd Official development assistance grants for poverty reduction, by 0.0097 2024 up 21.2% 23rd Share of gross national income donated toward poverty reduction 0.0% 2024 unchanged 16th Interpersonal trust vs. income inequality 32.9% 2022 up 17.6% 17th Income inequality: Gini coefficient before and after tax 0.324 2022 down 15.8% 14th Income inequality: Gini coefficient before and after tax among working age population 0.303 2022 down 17.9% 21st Income inequality: Gini coefficient before and after tax 0.3% 2023 down 16.7% 18th ← Previous Page 2 of 2