Korea low on Big Mac buying power

Seoul (The Korea Herald/ANN) - The lowest-paid Korean could afford to buy fewer than one and a half hamburgers after working for an hour in 2012.

The price of a Mac Donald's Big Mac stood at US$3.21, leaving Koreans' purchasing power below that of almost two dozen countries on the list, said Albain, an online part-time job portal, using the Big Mac Index data.

Meanwhile, Koreans received a minimum wage of $4.32 an hour, it explained.

Korea's Big Mac buying power ranked 23rd among 44 countries evaluated in the index, with one of lowest monthly incomes among OECD members.

Japan had a Big Mac Index of $4.09 on a minimum wage of 774 yen ($8.34), while London had $4.16 with a wage of $11.01.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Book chronicles efforts for PWD-friendly polls VERA Files - The Inbox
    Book chronicles efforts for PWD-friendly polls

    By Melissa Luz Lopez, VERA Files A lot have been done but much still need to be done for a hassle-free  participation of  Persons with Disabilities in elections,according to a book published by The Asia Foundation (TAF) and supported by … Continue reading → …

  • The other side of Palawan Ellen Tordesillas, Contributor - The Inbox
    The other side of Palawan

    By Ellen T. Tordesillas Mention Palawan and what comes to mind are Underground River and El Nido in the northern side of this richly-blessed province from its capital, Puerto Princesa. Three weeks ago, we went to the southern side- in … Continue reading → …

  • What can void a new car warranty? James Deakin - Wheel Power
    What can void a new car warranty?

    "I was denied warranty once for changing my horn!" One very annoyed reader wrote. "I was told that placing a backup camera will void my warranty" said another. The others are best left in my private inbox as Yahoo! have a swear jar in the office that I do not feel like donating this week's pay to. Continue reading → …

Poll Choice Options