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What kind of family is 500 million won in South Korea?

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From: Internet Date: 2022-05-18

China-Korea News Agency Li Zi Immigration

According to the "2021 Household Financial Welfare Survey Results" released by the Statistics Office of Korea on December 16, as of the end of March this year, the average assets of each household in South Korea were 525.3 million won. The average asset holdings of Korean households exceeded 500 million won for the first time. This is an increase of 12.8 points from a year ago and is the highest growth rate since the Household Financial Welfare Survey was implemented. Net assets excluding liabilities were 414.52 million won, a year-on-year increase of 14.2.

The increase in household asset holdings is largely due to rising house prices. In terms of the composition of household assets, financial assets accounted for 22.5% (113.19 million won) and physical assets accounted for 77.5% (389.34 million won). The proportion of physical assets increased by 1.1 percentage points compared with the previous year. Compared with last year, the growth rate of real assets was 14.4, which was higher than the growth rate of financial assets (7.8). Among real assets, the growth rate of real estate (average 367.08 million won) was 14.8, especially residential buildings (228.76 million won), the growth rate was 20.7.

Asset growth rates are mixed depending on whether they are owner-occupied or not. The average assets of households that own homes were 661.62 million won, an increase of 14.1 (81.69 million won) from the previous year. The assets of households renting on a regular basis were 464.01 million won, an increase of 6.1 (26.81 million won), and the assets of households with monthly rent and other forms of occupancy were 139.83 million won, an increase of only 10.4 (13.18 million won). The difference comes from real estate. The real estate and other physical assets of households that own a house amounted to 564.16 million won, an increase of 15.9 (77.38 million won) from the previous year, but the physical assets of households renting and renting a house only increased by 1.5 (2.9 million won) and 9.8 (693 million won) respectively. million won).

By income level, the average assets of the top 20 households are 1.09791 billion won, exceeding 1 billion won for the first time. This is 6.7 times the average assets of households in the lower 20 income bracket (164.56 million won).

The average assets of households in their 50s are the highest, reaching 567.41 million won. This is followed by those in their 40s (553.70 million won), those over 60 years old (489.14 million won), and those under 39 years old (356.25 million won). In terms of asset growth rates, households in their 40s (13.7) and households over 60 (14.5) exceeded the overall average.

#Han News Agency#Korea Immigration##immigration to South Korea##Korea Plum Immigration##Overseas Chinese Student Joint Examination##李子migrant##Korea Study Abroad##Korea Visa##China-Korea News Agency

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