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Expected children's wedding costs after retirement South Korea 2019

Published by L. Yoon, Feb 23, 2023
According to a survey conducted in 2019, around 43 percent of respondents in their 40s and 50s in South Korea stated that they would need 50 to 100 million South Korean won for their child's marriage after retirement. On average, they would need more than one hundred million South Korean won for the wedding.

Expected children's wedding expenses after retirement in South Korea in 2019 (in million South Korean won)

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Source

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Release date

January 2021

Region

South Korea

Survey time period

2019

Supplementary notes

The respondents consisted of people in their pre-retirement ages of 40s and 50s living in Seoul, Busan, Daegu, Gwangju, Ulsan, and Daejeon.
The source did not provide information on the number of respondents.
1,000 South Korean won equals 0.88 U.S. dollars or 0.75 euros as of April 2021.

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