Asset Ownership of South Korean Youths: Data

The richest 20% of Koreans in their 20s and 30s have 35 times the assets of the bottom one-fifth.

Asset Ownership of South Korean Youths: Data

Credit: Public domain.

According to the Democratic Party 민주당 legislator Kim Hoe-jae 김회재, the richest 20% of Koreans in their 20s and 30s have approximately KRW 870b (USD 735.5k) in assets - more than 35x of the bottom 20%, who have KRW 24.7m (USD 20.9k) in assets.

The difference is largely due to early inheritance and the significant rise in housing prices and the stock market.


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