SEOUL, Nov. 15 (Korea Bizwire) — Wealthy South Koreans tend to see cryptocurrency investments in a negative light and they picked stocks as a promising investment option for long-term gains, a report showed Sunday. In response to a question asking if they intended to invest in cryptocurrencies, 70 percent said that they had no intention [...]
SEOUL, Oct. 1 (Korea Bizwire) — There are currently 323,000 rich people in South Korea who own financial assets worth more than 1 billion won (US$833,750), up by 13,000 since last year. The KB Financial Group Institute of Management reported that the wealthy population in South Korea increased by 4.4 percent between 2017 and 2018, [...]
SEJONG, Mar. 7 (Korea Bizwire) — South Korea’s tax agency said Thursday that it has launched probes into 95 rich people to see if they attempted to avoid paying taxes. The National Tax Service said the latest crackdown includes 37 owners of medium-sized companies, 10 people with vast real estate holdings and 48 high-income people, [...]
SEOUL, July 11 (Korea Bizwire) – A study said as many as 47 percent of Korea’s 167,000 millionaires with net financial assets in excess of 1 billion won (about US$987,000) reside in Seoul (as of end of 2013). According to a report “Korea’s Rich People” published recently by KB Financial Group Management Institute, most of the [...]