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South Korea net worth average

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image text translation

1. General Manager
As of the end of March 2024, average assets were 540.22 million won and liabilities were 91.28 million won.
The average income in 2023 is 71.85 million won, and disposable income is 58.64 million won.
As of the end of March 2024, the average household assets were 540.22 million won, an increase of 2.5% from the previous year.
Debt decreased by 0.6% from the previous year to KRW 91.28 million.
The household’s net worth was KRW 448.94 million, an increase of 3.1% from the previous year.
In 2023, household average income and disposable income will increase by 6.3% and 7.0%, respectively, compared to the previous year.

Household economic situation
(Unit: 10,000 won, %
asset
fan
net worth
earnings
Non-consumption expenditure
disposable income
(A)
(B)
(A-B)
(C)
(D)
(CD)
2 0 2 3 years “
52,727
9,186
43,540
6,762
1,280
5,482
2 0 2 4 years
54,022
9,128
44,894
7,185
1,321
5,864
proof
persimmon
1,295
-58
1,354
423
41
382
increase/decrease gap
25
~06
3.1
6.3
32
70
Note: 1) As of the end of March of the survey year, local debt net assets are based on the previous year.

image text translation

2 Distribution of households by net asset holdings
Of all households, 56.996 households1 have a net worth of less than 300 million won, while the number of households with net assets of more than 1 billion won is 10.99.
As of the end of March 2020, 2,29 households had net assets of less than 100 million won, and 1,559 households had less than 100 million to 200 million won.
In that order, households with less than 3 clinics account for 56.9% of all households, and households with income of 1 billion won or more account for 10.9%.
Compared to the previous year, the proportion of households with net assets between 0 and 100 million won decreased by 0.59 points and exceeded 1 billion won.
The proportion of households increased by 0.69P.

(Unit: %, %p)
-1~-0
01
1-2
2-3
3-4
4-5
5-6
6-7
7-8
8-9
910
10
median
average
Net assets (KRW 100 million)
under
under
under
under
under
under
under
under
under
under
under
under
more
(10,000 won)
median
go
2023
02
27
26.7
15.5
124
8.8
6.5
5.0
3.8
32
26
24
103
23,910
1.821
nine
2024
02
28
262
15.5
122
9.1
6.6
49
3.6
3.1
27
23
10.9
24,00D
1.871
minute
(previous year’s preparation)
00
01
05
00
02
02
01
01
02
01
0.1
02
06
04
O05O

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4. Net assets by household characteristics
Net assets by income quintile decreased by 2.09 and 2.39 compared to the previous year in the 1st and 3rd income quintiles, respectively.
Net assets by income quintile increased by 6.69% in the 5th quintile and 3.9% in the 4th quintile compared to the previous year.
It decreases in the 3rd income quintile and below.
Compared to the previous year, the share of net assets increased by 1.59 points in the 5th income quintile and decreased by 0.89 points in the 3rd income quintile.

(Unit: 10,000 won
%a; %ap)
premise
1st quartile
2nd quartile
3rd quartile
quintile
quintile
2 0 2 3 years
43,540
15,284
24,135
34,505
46,944
96,825
2 0 2 4 years
44.894
14,974
23,742
33.722
48,767
103.252
win
1.354
-310
393
-782
1,823
6,427
increase/decrease water
3.1
-2.0
16
23
3.9
6.6
2 0 2 3 years
100.0
7.0
11.1
15.9
21.6
445
occupied
2 0 2 4 years
10DO
6.7
106
15.0
21.7
46.0
previous year
03
05
08
02
15
If you do it by quartile, you can know your current situation.
all
One quintile is about 150 million won.
The second quintile is 240 million.
3rd quintile: 340 million won
490 million for the 4th quartile
The 5th quintile is 1.03 billion:

image text translation

Net worth is measured in households where the head of the household is over 60 years of age.
500 million
19.22 million won
In self-employed households
500 million
The worst with 56.2 million won
Net worth by household head age: Households aged 60 or older account for the highest net worth at KRW 519.22 million.
The increase/decrease compared to the previous year was also highest for households aged 60 or older at 6.89.

Net assets held by household head by age group
(Unit: 10,000 won,
entire
Under 39
40-49 years old
5-59 birds
Over 60 years old
2 0 2 3 years
43.540
23.678
43590
49.737
48,630
2 0 2 4 years
44,894
22,153
45064
51.131
51,922
1,354
520
1,473
1394
3,292
increase and decrease
3.1
64
34
28
68
Self-employed households account for the highest net asset holdings by household head status at KRW 556.2 million.
Mamgo’s increase/decrease compared to the previous year is temporary. Highest in daily worker households at 7.09
(Unit: 10,000 won
entire
regular worker
Temporary-daily worker
self-employed
Other unemployed, etc.)
2 0 2 3 years
43,540
45,547
19,618
54,335
41,565
2 0 2 4 years
44,894
47,203
20,992
55.620
41.901
1354
1,656
1,374
1,285
336
increase and decrease
3.1
3.6
7.0
24
0.8
It would be more accurate to look at it by age group.
If you are under 39 years old, feed 2.2.
450 million if you are between 40 and 49 years old
If you are 50-59 years old, 5.1 billion won
If you are over 60 years old, it is 520 million.

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