According to a survey conducted in South Korea in 2021, around 34.5 percent of millionaires surveyed stated that households with a minimum annual income of 500 million South Korean won or more can be perceived as rich. The threshold to be considered wealthy increased with the level of wealth of the respondents.
Minimum level of annual income perceived to be rich among millionaires in South Korea in 2021
(in million South Korean won)
Annual income in million South Korean won
Share of respondents
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KB Financial Group. (November 14, 2021). Minimum level of annual income perceived to be rich among millionaires in South Korea in 2021 (in million South Korean won) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1297049/south-korea-minimum-income-perceived-to-be-rich-among-millionaires/
KB Financial Group. "Minimum level of annual income perceived to be rich among millionaires in South Korea in 2021 (in million South Korean won)." Chart. November 14, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1297049/south-korea-minimum-income-perceived-to-be-rich-among-millionaires/
KB Financial Group. (2021). Minimum level of annual income perceived to be rich among millionaires in South Korea in 2021 (in million South Korean won). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1297049/south-korea-minimum-income-perceived-to-be-rich-among-millionaires/
KB Financial Group. "Minimum Level of Annual Income Perceived to Be Rich among Millionaires in South Korea in 2021 (in Million South Korean Won)." Statista, Statista Inc., 14 Nov 2021, https://www.statista.com/statistics/1297049/south-korea-minimum-income-perceived-to-be-rich-among-millionaires/
KB Financial Group, Minimum level of annual income perceived to be rich among millionaires in South Korea in 2021 (in million South Korean won) Statista, https://www.statista.com/statistics/1297049/south-korea-minimum-income-perceived-to-be-rich-among-millionaires/ (last visited August 24, 2024)
Minimum level of annual income perceived to be rich among millionaires in South Korea in 2021 (in million South Korean won) [Graph], KB Financial Group, November 14, 2021. [Online]. Available: https://www.statista.com/statistics/1297049/south-korea-minimum-income-perceived-to-be-rich-among-millionaires/
