Millionaire households with debt South Korea 2020

Published by L. Yoon, Jun 25, 2024
According to a survey conducted in South Korea in December 2020, around 74 percent of millionaires surveyed reported having no debt. While around 26 percent of respondents reported having debt, the average value of debt was around 280 million South Korean won.

Share of millionaire households with debt in South Korean in 2020

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Release date

March 2021

Region

South Korea

Survey time period

December 2020

Number of respondents

700 millionaires*

Method of interview

Online survey

Supplementary notes

*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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Statistics on " Millionaires in South Korea "

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Overview

6

Demographics

8

Source of wealth

4

Net worth

5

Debt and savings

4

Investments

7

Public perception

3

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Topics

Millionaires in South KoreaLG Group of South Korea Banking industry in South KoreaCryptocurrency in South KoreaSK Group of South Korea
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

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