South Korean household monthly income distribution Q1 2024, by income deciles

Published by L. Yoon, Jun 17, 2024

As of the first quarter of 2024, the wealthiest ten percent claimed to have a monthly income of around 15.4 million South Korean won. A comparison between the wealthiest and poorest groups revealed that the richest earned over eleven times more than the poorest in South Korea per month.

Distribution of the household monthly income in South Korea as of 1st quarter of 2023, by income deciles (in million South Korean won)

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Release date

May 2024

Region

South Korea

Survey time period

Q1 2024

Special properties

excluding foreign households

Method of interview

Face-to-face interview

Supplementary notes

*Households with two or more persons.

The household population of South Korea was divided into groups of ten percent (deciles) based on monthly income.

1,000 South Korean won equals 0.73 U.S. dollars or 0.67 euro as of June 2024.

Figures have been rounded.

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