KOREA: WEEK IN REVIEW, 26May2013

Terms of trade improve in April, consumer spending slows and the government releases overhaul plans for electricity subsidies and farm product distribution. Samsung’s Galaxy S4 is taking the world by storm and commentators are expecting big things from earnings. Here’s what you need to know from last week. 

Monthly household income grows at slower pace in Q1

Monthly household income in South Korea grew at a slower pace in the first quarter of this year amid deepening worries over the protracted economic slump, government data showed Friday. Read More, Yonhap News 

Poverty line waffling: Disposable Income or Household Income

LEGCO have yet more debates over how to calculate the poverty line. Now legislators are putting forward disposable income as the test. However, Labour and Welfare Secretary Matthew Cheung Kin-chung says the government lacks relevant data to asses what disposable income is. All in all, more talk less action.

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