South Korea's gross national income is on the decline in four years. The rate of economic growth posted zero percent level for five consecutive quarters, showing a warning signal to the economy.
According to the data released by the Bank of Korea, the gross national income in the second quarter of this year dropped 0.1 percent from the previous quarter. The real GDP growth rate in the second quarter fell short of 0.3 percent. The downward trend on-quarter is the first in four years since the fourth quarter (-1.9%) of 2010.
GNI is the sum of earnings including wage, interest and dividend by the public and an indicator of real purchasing power of the public at home and abroad.
"The downward trend of the public earnings in the second quarter is because the dividend earned overseas was concentrated in the period," said the Bank of Korea.
