Threshold to be considered wealthy South Korea 2016-2021

Published by L. Yoon, Mar 22, 2022
According to a survey conducted among male and female adults in South Korea in 2021, the net wealth required to be considered wealthy was about 4.9 trillion South Korean won, a slight increase from the previous year. The threshold above which someone is considered wealthy has risen steadily in recent years.

Amount of net worth required to be considered wealthy in South Korea in selected years from 2016 to 2021 (in billion South Korean won)

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Release date

April 2021

Region

South Korea

Survey time period

2021

Number of respondents

3,415 respondents

Age group

19 years and older

Supplementary notes

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

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Source of wealth

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Net worth

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Debt and savings

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Investments

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Public perception

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