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Poverty In South Korea
Poverty in South Korea has been in drastic decline since the mid-20th century, particularly the absolute poverty rate. Relative poverty was also in decline until the late 1990s, but has risen since then. While only about 2% of South Koreans are affected by absolute poverty today, about 14-15% of these 2% are elderly and are affected by relative poverty. Trends Choo, Park and Yoon noted that both absolute and relative poverty have declined in Korea from 1965 to 1990. They concluded that "rapid economic growth during [the analyzed period of 1960s-1980s] in Korea has alleviated poverty to a great extent". Philips et al. praised South Korea, noting that "South Korea has experienced one of the most dramatic declines in absolute poverty that the world has seen". They added that while over half of the Korean population was affected by absolute poverty in mid-1950s, absolute poverty had declined to only about 3.4 percent of the population by the mid-1990s. As of 2001, absolute poverty was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poverty Rate In South Korea
Poverty is the state of having few material possessions or little income. Poverty can have diverse social, economic, and political causes and effects. When evaluating poverty in statistics or economics there are two main measures: ''absolute poverty'' compares income against the amount needed to meet basic needs, basic personal needs, such as food, clothing, and Shelter (building), shelter; ''relative poverty'' measures when a person cannot meet a minimum level of living standards, compared to others in the same time and place. The definition of ''relative poverty'' varies from one country to another, or from one society to another. Statistically, , most of the world's population live in poverty: in Purchasing Power Parity, PPP dollars, 85% of people live on less than $30 per day, two-thirds live on less than $10 per day, and 10% live on less than $1.90 per day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Absolute Poverty
Extreme poverty, deep poverty, abject poverty, absolute poverty, destitution, or penury, is the most severe type of poverty, defined by the United Nations (UN) as "a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to services" (UN 1995 report of the World Summit for Social Development). Historically, other definitions have been proposed within the United Nations. In 2018, extreme poverty mainly refers to an income below the international poverty line of $1.90 per day (in 2011 prices, $ in dollars), set by the World Bank. In October 2017, the World Bank updated the international poverty line, a global absolute minimum, to $1.90 a day. This is the equivalent of $1.00 a day in 1996 US prices, hence the widely used expression "living on less than a dollar a day". The vast majority of those in extreme poverty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Relative Poverty
The poverty threshold, poverty limit, poverty line or breadline is the minimum level of income deemed adequate in a particular country. The poverty line is usually calculated by estimating the total cost of one year's worth of necessities for the average adult.Poverty Lines – Martin Ravallion, in The New Palgrave Dictionary of Economics, 2nd Edition, London: Palgrave Macmillan The cost of housing, such as the rent for an apartment, usually makes up the largest proportion of this estimate, so economists track the real estate market and other housing cost indicators as a major influence on the poverty line. Individual factors are often used to account for various circumstances, such as whether one is a parent, elderly, a child, married, etc. The poverty threshold may be adjusted annually. In practice, like the definition of poverty, the official or common understanding of the poverty line is significantly higher in developed countries than in developing countries. In October 201 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2011 Poverty Rate By Age Group In South Korea
Eleven or 11 may refer to: *11 (number), the natural number following 10 and preceding 12 * one of the years 11 BC, AD 11, 1911, 2011, or any year ending in 11 Literature *Eleven (novel), ''Eleven'' (novel), a 2006 novel by British author David Llewellyn *''Eleven'', a 1970 collection of short stories by Patricia Highsmith *''Eleven'', a 2004 children's novel in The Winnie Years by Lauren Myracle *''Eleven'', a 2008 children's novel by Patricia Reilly Giff *''Eleven'', a short story by Sandra Cisneros Music *Eleven (band), an American rock band *Eleven: A Music Company, an Australian record label *Up to eleven, an idiom from popular culture, coined in the movie ''This Is Spinal Tap'' Albums *11 (The Smithereens album), ''11'' (The Smithereens album), 1989 *11 (Ua album), ''11'' (Ua album), 1996 *11 (Bryan Adams album), ''11'' (Bryan Adams album), 2008 *11 (Sault album), ''11'' (Sault album), 2022 *Eleven (Harry Connick, Jr. album), ''Eleven'' (Harry Connick, Jr. album), 1992 *El ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2011 Poverty Rate In South Korea (age 65+)
Eleven or 11 may refer to: *11 (number), the natural number following 10 and preceding 12 * one of the years 11 BC, AD 11, 1911, 2011, or any year ending in 11 Literature * ''Eleven'' (novel), a 2006 novel by British author David Llewellyn *''Eleven'', a 1970 collection of short stories by Patricia Highsmith *''Eleven'', a 2004 children's novel in The Winnie Years by Lauren Myracle *''Eleven'', a 2008 children's novel by Patricia Reilly Giff *''Eleven'', a short story by Sandra Cisneros Sandra Cisneros (born December 20, 1954) is an American writer. She is best known for her first novel, ''The House on Mango Street'' (1983), and her subsequent short story collection, '' Woman Hollering Creek and Other Stories'' (1991). Her work e ... Music * Eleven (band), an American rock band * Eleven: A Music Company, an Australian record label * Up to eleven, an idiom from popular culture, coined in the movie ''This Is Spinal Tap'' Albums *11 (The Smithereens album), ''11'' (The Smither ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Relative Poverty
The poverty threshold, poverty limit, poverty line or breadline is the minimum level of income deemed adequate in a particular country. The poverty line is usually calculated by estimating the total cost of one year's worth of necessities for the average adult.Poverty Lines – Martin Ravallion, in The New Palgrave Dictionary of Economics, 2nd Edition, London: Palgrave Macmillan The cost of housing, such as the rent for an apartment, usually makes up the largest proportion of this estimate, so economists track the real estate market and other housing cost indicators as a major influence on the poverty line. Individual factors are often used to account for various circumstances, such as whether one is a parent, elderly, a child, married, etc. The poverty threshold may be adjusted annually. In practice, like the definition of poverty, the official or common understanding of the poverty line is significantly higher in developed countries than in developing countries. In October 201 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Median Income
The median income is the income amount that divides a population into two equal groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. Both of these are ways of understanding income distribution. Median income can be calculated by household income, by personal income, or for specific demographic groups. Median equivalent adult income The following table represents data from OECD's "median disposable income per person" metric; disposable income deducts from gross income the value of taxes on income and wealth paid and of contributions paid by households to public social security schemes. The figures are equivalised by dividing income by the square root of household size. As OECD displays median disposable incomes in each country's respective currency, the values were converted here using PPP conversion factors for private consumption from the same source, accounting for each country's cost of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aging Of South Korea
In South Korea, aging refers to an increase in the proportion of senior citizens to the total population. The term "senior citizens" include those aged 65 or older. According to Article 3 no.1 of the Framework Act on Low Birthrate of an Aging Society, the term "aging population" refers to the increasing proportion of elderly people in the entire population. Aging is often caused by the dramatic improvement of living standards derived from the development of science and medicine, increasing the life expectancy of the average individual; however, aging is also greatly affected by the decrease in birth rates. In 2045, South Korea will become the world's most aged population, with a great portion of the population becoming aged 65 or older. With its entrance as an aged society in 2017, South Korea will see its aging population reach the fastest pace in the world, with the proportion of people aged 65 or older soaring to an unprecedented 46.5 percent in 2067. By 2067, the working age p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies with a very high Human Development Index (HDI), and are regarded as developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of global nominal GDP (US$49.6 trillion) and 42.8% of global GDP ( Int$54.2 trillion) at purchasing power parity. The OECD is an official United Nations observer. In April 1948, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few generations. This economic growth has been described as the Miracle on the Han River, which has allowed it to join OECD and the G-20. South Korea still remains one of the fastest growing developed countries in the world, following the Great Recession. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century. South Korea's education system and the establishment of a motivated and educated populace is largely responsible for spurring the country's high technology boom and economic development. South Korea began to adapt an export-oriented economic strategy to fuel its economy. In 2019, South Kor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bacchus Ladies
Bacchus Ladies () are elderly female prostitutes in Seoul, South Korea. Bacchus Ladies are women in their 50s, 60s, and some even their 80s, who solicit men in Seoul's parks and plazas for sex in nearby motels for about 20,000 to 30,000 '' won'' ($18–26 USD), or even less if the man is a regular client. Bacchus Ladies traditionally sold bottles of Bacchus-F energy drink in parks popular with elderly men who became their clientele, but younger men in their 20s to 40s are also increasingly becoming regular clients. According to Dr. Lee Ho-Sun, a researcher, about 400 women work in Jongmyo Park in Seoul. Background The Bacchus Ladies phenomenon is believed to have originated after the 1997 Asian financial crisis, with South Korea being one of the countries most affected by the financial contagion.Ng, Desmond (January 29, 2017"Granny prostitutes reflect South Korea's problem of elderly poverty"''Channel NewsAsia'' In South Korea's traditionally Confucian society, elderly parent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bacchus-F
Bacchus ( ko, 박카스) is a non-carbonated South Korean energy drink, first launched in 1963. It is known by the brand names Bacchus-D and Bacchus-F, while the amount of Taurine in the latter product (2000mg) is higher. Both formulas are manufactured by Dong-A Pharmaceutical Co., Ltd., part of the Dong-A Socio Group; and is also distributed in the United States under the Dong-A America Corporation in a 3.3 oz glass bottle (approximately 1/3 the size of a Red Bull). History Bacchus was invented by Kang Shinho with a strong influence from Lipovitan-D, who was a student of medicine in Germany in the 1950s. He named the product Bacchus after he saw the statue for the Greek god Bacchus inside of the Hamburg City Hall. Bacchus started in 1961 as tablet (박카스-정) before Kang turned it into a drink in 1963. Bacchus has been popular in South Korea for many years. Originally, it was sold in pharmacies as an 'herbal medicine' to prevent colds and cure hangovers, rather than as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
