Self perception of wealth among millionaires South Korea 2023

Published by L. Yoon, Jun 28, 2024

According to a survey conducted in South Korea in 2023, around 41.5 percent of South Koreans who had assets of five to ten billion South Korean won considered themselves rich, while only about 24.8 percent of respondents with less than five billion South Korean won believed themselves to be rich.

Total amount of assets perceived to be rich among millionaires in South Korea in 2023 (in billion South Korean won)

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Release date

December 2023

Region

South Korea

Survey time period

July 26 to September 5, 2023

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 0.74 U.S. dollars or 0.69 euro as of April 2024.

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