Average wealth of South Korea’s ultra-wealthy nearly $25 million

According to the report, the average wealth of the super-rich will be 32.3 billion won (24.5 million U.S. dollars) in 2022, about 5 billion won less than the same period last year, and their financial assets will be about 16,500 U.S. dollars. . . 1 billion won.

According to a report released by the Hana Institute of Finance (HIF) on April 9, the average wealth and average daily income of South Korea’s super-rich will reach 32.3 billion won ($24.5 million) in 2022, or about 3 million won. Their annual income is about 1.23 billion won.

The report defines the ultra-rich as individuals with total assets of 30 billion won or more or net assets of 10 billion won or more.

The report shows that the average wealth of the super rich in 2022 will be 32.3 billion won, a decrease of about 5 billion won from the previous year, and their financial assets will be about 16.1 billion won.

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Among financial assets, cash accounted for 58%, more than double the previous year’s 25%, and securities accounted for 16%, a sharp drop from the previous year’s 45%.

The HIF report showed that the value of real estate held by the super-rich will drop from 20.6 billion won to 15.6 billion won in 2022 due to the downturn in the real estate market.

According to HIF, 30% of the ultra-wealthy are entrepreneurs; 20% are doctors, lawyers, and people working in specific professional fields. This wealthy group spent an average of 370 million won per month last year.

HIF did not specify how many people belonged to the ultra-wealthy group, but the report was based on a survey of 2,013 people.

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