korea is a tweener nation.
not anywhere near the average income of the industrialized nations like US, Japan and some of Europe (all over 20k / year / capita) but way above the so called 3rd world countries.
Koreas Annual Per capita income is around 12k.
Acutally it's closer to 20k and the Annual Per Capita is not a good representation of a nations economic status, but I do agree its definitely not at the level of the United States of parts of Europe. 🙂