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Free riders' heaven

18 0 0
08.10.2019
Snowballing unearned income dampens people's desire to work

Unearned income ― money a person receives but does not earn by working ― in Korea amounted to 136 trillion won ($113.5 billion) in 2017. Unearned income is that derived from means other than the provision of personal labor, such as income from interest or profits from investment into stocks and real estate.

The total unearned income in 2017 broke down into 84.8 trillion won in capital gains from property transfers, 17.4 trillion won in profits from stock transactions, 19.6 trillion won in dividend income........

© The Korea Times