South Korea: intention of millionaires to use digital wealth management services 2020

According to a survey conducted in South Korea in December 2020, about 43 percent of respondents had a positive attitude toward digital wealth management services, with about half of them already using such services and the other half willing to use them in the future. About 37 percent of respondents said they did not yet know whether they would use digital wealth management services in the future.

Willingness to use digital wealth management services among millionaires in South Korean in 2020

Characteristic	Share of respondents
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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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