Korean Rich News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The wealth standard for being categorized as rich in Korea has nearly doubled during the past decade, from 11.4 billion won ($8.7 million) in 2012 to 18.7 billion won in 2021, while the proportion of the inherited wealthy stayed unchanged at around 60 percent over the decade. Furthermore, increasingly more people think that the minimum wealth threshold to be considered rich is 30 billion won.

Stocks and gold are the most promising medium- and long-term investments for wealthy Koreans, with their sentiment for real estate investments turning negative compared to a year ago, according to the latest report released by KB Financial Group, Sunday.