Wealth Disparity in S. Korea: Richest 1 pct Have Net Worth Over 2.9 bln Won

SEOUL, May 21 (Korea Bizwire) — According to a recent study by Hanwha Life Insurance, the wealthiest individuals in South Korea possess rapidly growing assets, highlighting significant income inequality within the country. As of 2021, the top 0.1 percent of South Koreans boasted a net worth exceeding 7.68 billion won, while the top 1 percent [...]