SEOUL, March 16 (Korea Bizwire) — A person needs at least 3 billion won (US$2.28 million) in assets to be placed in the upper echelon of the South Korea’s net asset tiers, data showed Wednesday. The net assets of the top 1 percent began at 3.27 billion won last year, an increase of 300 million [...]
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, April 3 (Korea Bizwire) — The portion of real estate investments by wealthy Koreans with more than 1 billion won (US$814,800) in financial assets has decreased over the past six years, according to a recent report. The preference of index-linked products, which have been considered the most sought-after financial instruments by the rich, also [...]
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, [...]