The net worth of the richest 1% in Korea was 2.9 billion won, and the net worth of the 0.1% was 7.7 billion won.
According to Hanwha Life Insurance and others on the 20th, as of 2021, the top 0.1% of net assets had more than 7.68 billion won, and the top 1% had more than 2.92 billion won.
The top 5% of net assets had more than 1.335 billion won, and the top 10% had more than 900 million won.
Net worth refers to the house, car, and cash that remain after deducting debts or borrowings from one’s own assets.
There were a total of 209,000 households in the top 1% of rich people. The average number of household members is 2.8, with a total of about 586,000 people.
The average age of heads of households in the top 1% is 63.5 years old. 72% of them live in the metropolitan area.
The average annual income of the top 1% households was 215.71 million won, 3.5 times higher than the average household income of 61.25 million won. 88.5% of the top 1% households lived in their own homes, 7.7% for jeonse and 3.8% for monthly rent.
The retirement age of these households was 70.7 years메이저놀이터, which was later than the average age of 68.2 years for all households.
The minimum cost of living for these households was 3.59 million won per month, and the appropriate cost of living was 5.22 million won per month.
The average annual income of the top 1% of households is 3.5 times that of all households, but the minimum cost of living for old age is 1.66 times higher and the reasonable cost of living for old age is 1.71 times higher.
An insurance company official said, “Most of the richest 1% are increasing their wealth through active investment such as real estate and stocks.”