Household income in Korea rises for seventh consecutive quarter in Q1 on wage growth

Household income in Korea rises for seventh consecutive quarter in Q1 on wage growth

Korea's average household income rose for the seventh straight quarter in the first quarter of this year, mainly driven by income from higher wages, government data showed Thursday. The average income of households rose 4.5 percent on-year to 5.35 million won ($3,865) per month in the January-March period, according to the data from Statistics Korea. The data showed the growth rate accelerated from the previous quarter's 3.8 percent on-year grow…