According to a survey conducted in South Korea in December 2020, around 46 percent of millionaires surveyed reported earning 200 million South Korean won or more annually. Only seven percent of respondents stated that they earn less than 50 million South Korean won a year.
Distribution of annual income of millionaire households in South Korea in 2020
(in million South Korean won)
*Millionaires are defined here as individuals who conduct transactions with domestic banks and 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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Hana Institute of Finance. (March 8, 2021). Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1296380/south-korea-income-distribution-of-millionaires/
Hana Institute of Finance. "Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won)." Chart. March 8, 2021. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1296380/south-korea-income-distribution-of-millionaires/
Hana Institute of Finance. (2021). Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1296380/south-korea-income-distribution-of-millionaires/
Hana Institute of Finance. "Distribution of Annual Income of Millionaire Households in South Korea in 2020 (in Million South Korean Won)." Statista, Statista Inc., 8 Mar 2021, https://www.statista.com/statistics/1296380/south-korea-income-distribution-of-millionaires/
Hana Institute of Finance, Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won) Statista, https://www.statista.com/statistics/1296380/south-korea-income-distribution-of-millionaires/ (last visited November 23, 2024)
Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won) [Graph], Hana Institute of Finance, March 8, 2021. [Online]. Available: https://www.statista.com/statistics/1296380/south-korea-income-distribution-of-millionaires/
