Household debt South Korea 2022, by income decile

Published by L. Yoon, Jan 2, 2023
In 2022, the average debt of households in the highest income decile in South Korea was about 206 million South Korean won, while the debt of households in the lowest decile was about 17 million South Korean won. Households in the highest income decile were over 12 times more indebted than households in the lowest decile.

Average value of household debt in South Korea in 2022, by income decile (in million South Korean won)

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Release date

December 2022

Region

South Korea

Survey time period

2022

Supplementary notes

1,000 South Korean won equals 0.78 U.S. dollars or 0.74 euros as of January 2023.

Figures have been rounded.

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