Annual savings of millionaires South Korea 2020, by wealth level

Published by L. Yoon, Mar 22, 2022
According to a survey conducted in South Korea in 2020, the savings of millionaires with assets of five billion South Korean won or more amounted to around 105 million South Korean won per year. The average annual savings of South Korean millionaires was around 73 million South Korean won.

Average annual savings of millionaires in South Korea in 2020, by level of wealth (in million South Korean won)

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Release date

October 2020

Region

South Korea

Survey time period

July 6 to August 7, 2020

Number of respondents

400 millionaires*

Age group

20 years and older

Method of interview

Face-to-face interview

Supplementary notes

*Millionaires are defined here as individuals who 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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Statistics on " Millionaires in South Korea "

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Overview

6

Demographics

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Source of wealth

4

Net worth

5

Debt and savings

4

Investments

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Public perception

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