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Korea's Per Capita Income Set to Top $40,000 for First Time
South Korea's per capita gross national income (GNI) is expected to exceed $40,000 for the first time this year, according to Business Korea, which cites strong semiconductor exports and increased capital as drivers. The finance ministry said Tuesday that reaching $40,000 is "almost certain," as the economy grew 1 percent in the third quarter from the previous three months, Yonhap and the Korea Times report. The milestone highlights an uneven recovery, though specific figures beyond the $40,000 threshold and the 1 percent quarterly growth are not detailed in the supplied documents.
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