This study investigates the growing economic inequality in Korea, Chapter 1 of this research examines labor market inequality in Korea. It looks in particular at the division of labor by gender, employment type, and the size of firms. In addition, it analyzes recent changes in the labor market caused by the 4th Industrial Revolution. Chapter 2 deals with asset inequality in Korea, and carefully examines the impact of rising real estate prices on the subjective happiness of households who rent and who own their dwellings.