According to a survey conducted in South Korea in December 2020, about 50 percent of millionaires surveyed who earned less than 50 million South Korean won a year stated that they drew their income from properties and interests. About 34 percent of millionaires who earned 200 million South Korean won or more annually reported drawing their income from business activities.
Distribution of annual income of millionaire households in South Korea in 2020, by type
(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, by type (in million South Korean won) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1296421/south-korea-income-distribution-of-millionaires-by-type/
Hana Institute of Finance. "Distribution of annual income of millionaire households in South Korea in 2020, by type (in million South Korean won)." Chart. March 8, 2021. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1296421/south-korea-income-distribution-of-millionaires-by-type/
Hana Institute of Finance. (2021). Distribution of annual income of millionaire households in South Korea in 2020, by type (in million South Korean won). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1296421/south-korea-income-distribution-of-millionaires-by-type/
Hana Institute of Finance. "Distribution of Annual Income of Millionaire Households in South Korea in 2020, by Type (in Million South Korean Won)." Statista, Statista Inc., 8 Mar 2021, https://www.statista.com/statistics/1296421/south-korea-income-distribution-of-millionaires-by-type/
Hana Institute of Finance, Distribution of annual income of millionaire households in South Korea in 2020, by type (in million South Korean won) Statista, https://www.statista.com/statistics/1296421/south-korea-income-distribution-of-millionaires-by-type/ (last visited January 08, 2025)
Distribution of annual income of millionaire households in South Korea in 2020, by type (in million South Korean won) [Graph], Hana Institute of Finance, March 8, 2021. [Online]. Available: https://www.statista.com/statistics/1296421/south-korea-income-distribution-of-millionaires-by-type/
