According to a survey conducted in 2019, around 43 percent of respondents in their 40s and 50s in South Korea stated that they would need 50 to 100 million South Korean won for their child's marriage after retirement. On average, they would need more than one hundred million South Korean won for the wedding.
Expected children's wedding expenses after retirement in South Korea in 2019
(in million South Korean won)
The respondents consisted of people in their pre-retirement ages of 40s and 50s living in Seoul, Busan, Daegu, Gwangju, Ulsan, and Daejeon.
The source did not provide information on the number of respondents.
1,000 South Korean won equals 0.88 U.S. dollars or 0.75 euros as of April 2021.
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Kidi. (January 12, 2021). Expected children's wedding expenses after retirement in South Korea in 2019 (in million South Korean won) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1225858/south-korea-childrens-wedding-costs-after-retirement/
Kidi. "Expected children's wedding expenses after retirement in South Korea in 2019 (in million South Korean won)." Chart. January 12, 2021. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1225858/south-korea-childrens-wedding-costs-after-retirement/
Kidi. (2021). Expected children's wedding expenses after retirement in South Korea in 2019 (in million South Korean won). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1225858/south-korea-childrens-wedding-costs-after-retirement/
Kidi. "Expected Children's Wedding Expenses after Retirement in South Korea in 2019 (in Million South Korean Won)." Statista, Statista Inc., 12 Jan 2021, https://www.statista.com/statistics/1225858/south-korea-childrens-wedding-costs-after-retirement/
Kidi, Expected children's wedding expenses after retirement in South Korea in 2019 (in million South Korean won) Statista, https://www.statista.com/statistics/1225858/south-korea-childrens-wedding-costs-after-retirement/ (last visited December 21, 2024)
Expected children's wedding expenses after retirement in South Korea in 2019 (in million South Korean won) [Graph], Kidi, January 12, 2021. [Online]. Available: https://www.statista.com/statistics/1225858/south-korea-childrens-wedding-costs-after-retirement/
