South Korea: income distribution of millionaires by type 2020

According to a survey conducted in South Korea in December 2020, about 50 percent of millionaires surveyed who earned less than 50 million South Korean won a year stated that they drew their income from properties and interests. About 34 percent of millionaires who earned 200 million South Korean won or more annually reported drawing their income from business activities.

Distribution of annual income of millionaire households in South Korea in 2020, by type (in million South Korean won)

Annual income in million South Korean won	Wage and salary income	Business income	Property and interest income	Other income
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

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Release date

March 2021

More information

Region

South Korea

Survey time period

December 2020

Number of respondents

700 millionaires*

Method of interview

Online survey

Supplementary notes

*Millionaires are defined here as individuals who conduct transactions with domestic banks and have financial assets of one billion South Korean won or more.

1,000 South Korean won equals 0.83 U.S. dollars or 0.74 euros as of March 2022.

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