Household debt of millionaires South Korea 2023, by type

Published by L. Yoon, Jun 28, 2024

According to a survey conducted in South Korea in 2023, security deposits accounted for around 80.8 percent of the household debt of millionaires in South Korea, followed by financial liabilities at around 19.2 percent. The average debt of the millionaires surveyed amounted to around 780 million South Korean won.

Distribution of household debt among millionaires in South Korea in 2023, by type

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Release date

December 2023

Region

South Korea

Survey time period

July 26 to September 5, 2023

Number of respondents

400 millionaires*

Age group

20 years and older

Method of interview

Face-to-face interview

Supplementary notes

4Millionaires are defined here as individuals who have financial assets of one billion South Korean won or more. 

1,000 South Korean won equals 0.74 U.S. dollars or 0.69 euros as of April 2024.

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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

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Public perception

3

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