According to government data, the wealth gap between the rich and poor in South Korea is wider than ever. Its elderly poverty rate is also the highest among OECD countries.

Informal workers struggle with instability and accumulating wealth. Meanwhile, real estate, the main vehicle of asset building in South Korea, remains out of reach for the young generation. Education also favours those with resources, as after-school tuition becomes almost compulsory for a good result at the university entrance exams, which in turn determines an individual’s path for a degree and career.

With a new administration in charge, can South Korea reduce the gap between the haves and have nots?

WATCH MORE Insight:    • Insight | Full Episodes  

00:00 Introduction
01:32 Living in just 3 square metres
03:20 Widening wealth inequality in South Korea
05:35 Those left out of South Korea’s boom years
13:49 South Korea’s two-tiered labour market
15:22 Gig work as last resort for young people
19:26 Economy's K-shaped recovery
24:47 Education inequality: SKY universities & hagwons
29:45 Real cost of private education
34:11 Can government policies reduce inequality?
36:29 Inequality between Seoul and rural Korea
43:20 Living with inequality

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Website: cna.asia/cnainsider