The number of those who earn 100 million won in annual income rose 13.7 percent in 2013 from a year earlier, the state tax office said today. The pace of growth has been slowing since 2010, it added.
According to the annual tax report from the National Tax Service(NTS), the number increased to 472,000 in 2013 from 415,000 a year ago.
Its growth has been on the decrease since 2010, when it posted a 42.3 percent gain from the previous year.
The number of workers who earn 100 million won in annual salary accounted for 2.9 percent of the roughly 16.4 million of the country’s waged workers in 2013.
Overall, workers earned an average of 30.4 million won annually, showing a 0.3 percent gain from the year before.
The NTS said that the numbers will probably exceed 3 percent of the total workforce this year.The tax auditor said the combined salaries of these highly paid workers was equivalent to 14.2 percent of all wages paid.
By region, the industrial city of Ulsan had the highest average salary, with the resort island of Jeju off the country’s southern coast having the lowest.
Source: Busan eFM News
The Latest Haps
A 16-year-old boy was arrested this week on suspicion of stealing 26 bicycles from a military apartment and a high school.
The weekend forecast to begin the holiday week is set to be mostly sunny and warm around the southeastern region.
Busan’s education system will undergo a change for tests for elementary schools starting next year by removing multiple choice test questions from the curriculum.
For six days, fantastic short films from around the globe are back as the 34th Busan International Short Film Festival begins from April 25-30 at the Busan Cinema Center.
This Friday, April 21st, at HQ Bar KSU sees the return of the monthly Ha Ha Hole, Busan’s only live English comedy show.
With the large number of divorces over the past decade in Korea, many divorcees have decided to tie the knot for a second time.
You can win two round trip flight tickets with the “On the Road Busan Travel Stories” competition.
The legendary Kyungsung drinking institution, HQ Bar, will shut its doors this Tuesday with a final blow-out party.
Gorilla Brewing Company has begun offering “Fish and Chips Friday’s” at its brewery in Gwangalli.
A new monthly event at HQ Gwangan combines an afternoon of beach fun in the afternoon and great live music in the evening.
The Hapcheon Hwangmaesan Royal Azalea Festival gets underway for a two week run from April 30th to May 14th.
Popular video documentary team Great Big Stories has a cool little short about Mount Halla in Jeju that’s worth a look.
To meet rising demand for in South Korea, low-cost carrier Jeju Air announced that it will expand its fleet to 32 aircraft by December — the announcement coming after the airline’s 29th aircraft, a B737-800, was delivered to Gimpo International Airport over the weekend.
An official from SPO1, a public corporation in Busan, said it will hold bicycle races every Monday through the month of May.
Three great sailing events spanning 10 days take over the waters around Haeundae Beach beginning April 28th.
Global Gathering International Sports Day 2017 will take place at Norimaru playground in Seomyeon on Saturday, April 22, 2017.