Cryptocurrency Q&A Why is poverty so high in South Korea?

Why is poverty so high in South Korea?

Carolina Carolina Sat Mar 30 2024 | 7 answers 1673
I'm puzzled, why is poverty so high in South Korea? I've always heard that South Korea is a developed country with a booming economy, yet it seems to have a significant issue with poverty. Could you explain to me the reasons behind this paradox? Is it due to unequal distribution of resources or are there other factors at play? I'm really interested in understanding the complexities of this issue and how the government and society are addressing it. Why is poverty so high in South Korea?

7 answers

SamuraiHonor SamuraiHonor Mon Apr 01 2024
South Korea's elderly poverty has been a significant concern.

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Raffaele Raffaele Sun Mar 31 2024
The country lags behind other OECD nations in terms of pension coverage and size.

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JejuJoyfulHeart JejuJoyfulHeart Sun Mar 31 2024
Its services aim to address the challenges faced by traditional pension systems.

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SakuraFestival SakuraFestival Sun Mar 31 2024
This gap in pension provision contributes significantly to the elderly poverty issue.

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PhoenixRising PhoenixRising Sun Mar 31 2024
By providing alternative investment options, BTCC aims to enhance financial security for the elderly.

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