The average annual income of South Korea’s farming and fishing households gained slightly in 2016 from a year earlier, a government report showed Monday. The income of farming households reached an average of 38.24 million won (US$35,800) last year, up 2.8 percent from the previous year, according to the report by Statistics Korea. The average income of households engaged in fishing or fish farming climbed 4.1 percent on-year to 49.02 million won.
On average, each farming household spent 30.64 million won in 2017, down 1.3 percent from the previous year, and the average spending of fishing households also declined 3.3 percent to 29.11 million won. The amount of debt for farming households dropped 1.3 percent on-year to an average of 26.37 million won, while their assets gained 6.7 percent on average to 558.8 million won. Local fishers saw their average debt fall 1 percent to 42.45 million won, while their assets advance 6.9 percent to 437.2 million won, according to the statistics office.
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