*Millionaires are defined here as individuals who conduct transactions with domestic banks and have financial assets of one billion South Korean won or more.
1,000 South Korean won equals 0.83 U.S. dollars or 0.74 euros as of March 2022.
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Income distribution of millionaires South Korea in 2020
According to a survey conducted in South Korea in December 2020, around ** percent of millionaires surveyed reported earning *** million South Korean won or more annually. Only percent of respondents stated that they earn less than ** million South Korean won a year.
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Hana Institute of Finance. (March 8, 2021). Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 02, 2026, from /statistics/1296380/south-korea-income-distribution-of-millionaires/
Hana Institute of Finance. "Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won)." Chart. March 8, 2021. ÌÇÐÄÆƽâ°æ. Accessed August 02, 2026. /statistics/1296380/south-korea-income-distribution-of-millionaires/
Hana Institute of Finance. (2021). Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 02, 2026. /statistics/1296380/south-korea-income-distribution-of-millionaires/
Hana Institute of Finance. "Distribution of Annual Income of Millionaire Households in South Korea in 2020 (in Million South Korean Won)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 8 Mar 2021, /statistics/1296380/south-korea-income-distribution-of-millionaires/
Hana Institute of Finance, Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won) ÌÇÐÄÆƽâ°æ, /statistics/1296380/south-korea-income-distribution-of-millionaires/ (last visited August 02, 2026)
Distribution of annual income of millionaire households in South Korea in 2020 (in million South Korean won) [Graph], Hana Institute of Finance, March 8, 2021. [Online]. Available: /statistics/1296380/south-korea-income-distribution-of-millionaires/
