The number of wealthy individuals in South Korea is expected to increase rapidly, reflecting the country’s economic growth. According to the “2025 South Korea Wealth Report” released by KB Financial Group, the population of individuals with financial assets and property valued at over one billion Korean won is growing at an annual rate of approximately 9.7 percent. In 2011, there were around 130,000 such individuals, a figure projected to rise to nearly 476,000 by 2025. The report, based primarily on data from ET News, also shows a swift increase in the total value of financial assets. These assets amounted to 1,158 trillion Korean won in 2011 and are expected to reach 3,066 trillion Korean won by 2025, surpassing the 3,000 trillion mark for the first time this year.
The report highlights a shift in the composition of assets held by South Korea’s wealthy, with a declining share of real estate and a growing investment in physical and digital assets such as gold, jewelry, and cryptocurrencies. This trend indicates that affluent individuals are diversifying their portfolios to capitalize on various investment opportunities. While this growth signals national stability and improved investment prospects, concerns over increasing wealth inequality and financial risks remain. Cryptocurrencies and other emerging assets are likely to gain further significance in the future, potentially transforming financial markets.
Source: binance
