According to a survey conducted in South Korea in 2019, around 23 percent of South Korean millionaires, owning financial assets of one billion South Korean won or more, stated they plan to spend their money mainly on travel when they retire. Nearly 20 percent of respondents said they would use the money to support their children and grandchildren.
Expected retirement expenses of millionaires in South Korea in 2019
Characteristic
Share of millionaires
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KB Financial Group. (September 30, 2019). Expected retirement expenses of millionaires in South Korea in 2019 [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1061902/south-korea-expected-retirement-expenses-of-millionaires/
KB Financial Group. "Expected retirement expenses of millionaires in South Korea in 2019." Chart. September 30, 2019. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1061902/south-korea-expected-retirement-expenses-of-millionaires/
KB Financial Group. (2019). Expected retirement expenses of millionaires in South Korea in 2019. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1061902/south-korea-expected-retirement-expenses-of-millionaires/
KB Financial Group. "Expected Retirement Expenses of Millionaires in South Korea in 2019." Statista, Statista Inc., 30 Sep 2019, https://www.statista.com/statistics/1061902/south-korea-expected-retirement-expenses-of-millionaires/
KB Financial Group, Expected retirement expenses of millionaires in South Korea in 2019 Statista, https://www.statista.com/statistics/1061902/south-korea-expected-retirement-expenses-of-millionaires/ (last visited July 03, 2024)
Expected retirement expenses of millionaires in South Korea in 2019 [Graph], KB Financial Group, September 30, 2019. [Online]. Available: https://www.statista.com/statistics/1061902/south-korea-expected-retirement-expenses-of-millionaires/