My HanCinema | Sign up, Why ? Your E-mail   Password    Auto| Help
HanCinema :: The Korean Movie and Drama Database, discover the South Korean cinema and drama diversity Contact HanCinema HanCinema on TwitterFaceBook HanCinema PageHanCinema on Twitter
Follow HanCinema
NewsLetter DailyWeekly

Apartment Dwellers Tend to Be Richer, More Educated

2012/03/03 | 411 views |  | Permalink | Source

People living in apartments tend to have higher incomes and education levels, a study by the Korea Housing Institute suggests. The institute in the study published in February said, "A distinct class differentiation was apparent between people who live in apartments and those who do not. There is a worsening prejudice that wealthier people live in apartments".

According to the study, the average monthly income of apartment dwellers across the country is W3.55 million (US$1=W1,117), around 1.6 times higher than the W2.19 million for people who live in other kinds of housing. The wage gap is even larger in Seoul with the average income of apartment dwellers at W4.44 million, as against W2.6 million for non-apartment dwellers.

The study also shows that people who live in apartments are more highly educated. Some 53.2 percent of apartment dwellers have university degrees, while 85.1 percent have at least high school diplomas. Among non-apartment dwellers, only 37.7 percent have university degrees, while 76.8 percent have high school diplomas.

A KHI researcher said, "Residential styles are being divided along income and academic levels". As a result, non-apartment dwellers tend to aspire to live in apartments, and 52 percent of households seeking to move are considering apartments.

The researcher said demand for apartments will continue to rise. The study was based on a 2010 housing survey by the Ministry of Land, Transport and Maritime Affairs.

Attention You're reading the news with potential spoilers, make them spoiler free, dismiss



 Previous news
  • Korean Medicine Heals the World
    2012/03/03 (Source)
    Korean Oriental medicine is an essential part of Koreans' health. Using the passage of qi, it helps treat the fundamental causes of illness and find the right balance in one's body. The first and second methods of treatment are acupuncture and moxibustion. The final method is herbal medicine. Herbs,...More

  • Elevating brand power of Sejong Center
    2012/03/03 (Source)
    The Seoul Metropolitan Opera, an arts troupe of the Sejong Center for the Performing Arts, will st,...More

  • Half of Korean students want to move overseas
    2012/03/03 (Source)
    By Na Jeong-ju About half of South Korean secondary school students want to live in another country if given the option, a survey shows. According to the survey, released Monday, 58 percent of third-year high school students and 24 percent of fourth-year elementary school students said they would ,...More

Subscribe to HanCinema Pure to remove ads from the website (not for episode and movie videos) for US$2.99 per month (you can cancel anytime).
The first step is to be a member, please click here : Sign up, then a subscribe button will show up.


Remove ads

Sign up




Visible, hide

Learn to read Korean in 90 minutes or less using visual associations

By Cédric Collemine | Privacy policy | Contact | Partners

Mobile version