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)
Annual income in million South Korean won
Share of respondents
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
*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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 August 25, 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 August 25, 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: August 25, 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 August 25, 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/