According to the
statistics, the average household income in Korea is 2,937,504 won per month during
the first quarter of 2005.
For many Korean families, the husband is the sole income earner.
But recently, wives are seeking jobs to earn money.
The average starting salary for the new university graduate is 24,720,000won per annum.
The household spending for the same period is 2,122,117 won.
They spend 518,350 won on food and beverages (24.4%)
66,186 won on housing (3.1%)
143,906 won on utilities (6.8%)
78,492 won on furniture and utensils (3.7%)
101,519 won on clothing and footwear (4.8%)
103,917 won on medical care (4.9%)
282,189 won on education (13.3%)
95,860 won on entertainment (4.5%)
349,812 won on transport and communiation (16.5%)
381,885 won on the other expenditure (18.0%)
Korea has its unique "Jonse" system.
With this, a kind of lease system, the tenant deposits some money and pays no rent to the landlord.
This is why its housing cost is so low.
However, the private learning is widespread.
That is why education costs relatively high.
*National Statistical Office-2005
*1 US dollar is about
1,000 Korean won.