South Korea: stock investment behavior of millionaires after COVID-19 in 2020

According to a survey conducted in South Korea in December 2020, about half of the millionaires and semi-rich people surveyed said they had invested more in stocks following the outbreak of the COVID-19 pandemic. Only 18 percent of respondents stated that this was not the case.

Changes in stock investment behavior of millionaires after the outbreak of COVID-19 in South Korean in 2020

Characteristic	Share of respondents
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Release date

March 2021

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Region

South Korea

Survey time period

December 2020

Number of respondents

2,100 respondents*

Method of interview

Online survey

Supplementary notes

*700 millionaires and 1,400 semi-rich individuals.

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

Semi-rich individuals are defined here as people who conduct transactions with domestic banks and have financial assets of 100 million 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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