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Reasons for purchasing insurance among Millennials and Gen Z in South Korea in 2024

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Source

Release date

August 2024

Region

South Korea

Survey time period

July 26 to August 2, 2024

Number of respondents

467 respondents

Age group

25-45 years

Special properties

surveyed among those who registered for the UPPITY Money Newsletter

Method of interview

Online survey

Supplementary notes

Multiple answers were possible.

Citation formats

Reasons for purchasing insurance among Gen MZ South Korea 2024

Published by Jenny Yang, Apr 9, 2025

According to a survey conducted in South Korea in 2024, more than ** percent of Millennials and Gen Z respondents stated that they purchased insurance to prepare for unexpected accidents or illnesses. This was followed by responses citing the financial security for their families as a reason for buying insurance.

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