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Average value of overseas remittances among residents in South Korea in 2018, by age group (in 1,000 U.S. dollars)

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Source

Release date

July 2019

Region

South Korea

Survey time period

2018

Special properties

based on customer transaction data using Hana Bank

Supplementary notes

*Age of the receiver of remittance.
Figures have been rounded.

Citation formats

Average value of remittances in South Korea 2018, by age

Published by ÌÇÐÄÆƽâ°æ Research Department, Dec 13, 2019
According to an analysis of remittances in South Korea in 2018, the average value of all remittances for 2018 was around ** thousand U.S. dollars. Elderly in their early 70s showed the highest average among different age groups, sending or receiving around ** thousand dollars. This age group was followed by people in their late 40s and the under-20s. The lowest average came from people in their twenties, who on average sent out or received only around ** thousand dollars.
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