*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.
According to a survey conducted in South Korea in December 2020, around ** percent of millionaires surveyed reported having no debt. While around ** percent of respondents reported having debt, the average value of debt was around *** million South Korean won.
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Hana Institute of Finance. (March 8, 2021). Share of millionaire households with debt in South Korean in 2020 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 29, 2026, from /statistics/1296456/south-korea-millionaire-households-with-debt/
Hana Institute of Finance. "Share of millionaire households with debt in South Korean in 2020." Chart. March 8, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 29, 2026. /statistics/1296456/south-korea-millionaire-households-with-debt/
Hana Institute of Finance. (2021). Share of millionaire households with debt in South Korean in 2020. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 29, 2026. /statistics/1296456/south-korea-millionaire-households-with-debt/
Hana Institute of Finance. "Share of Millionaire Households with Debt in South Korean in 2020." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 8 Mar 2021, /statistics/1296456/south-korea-millionaire-households-with-debt/
Hana Institute of Finance, Share of millionaire households with debt in South Korean in 2020 ÌÇÐÄÆƽâ°æ, /statistics/1296456/south-korea-millionaire-households-with-debt/ (last visited July 29, 2026)
Share of millionaire households with debt in South Korean in 2020 [Graph], Hana Institute of Finance, March 8, 2021. [Online]. Available: /statistics/1296456/south-korea-millionaire-households-with-debt/
