South Korea's National Wealth Hits Record High

In an impressive financial milestone, South Korea's national wealth has surged past 24 quadrillion won last year, marking a significant 5.3% increase from the previous year. This growth is largely due to rising housing prices and a booming overseas stock market, which have contributed to the expansion of both non-financial and financial assets.

Household Net Assets Per Capita Exceeds Japan

For the third consecutive year, South Korea's household net assets per capita have surpassed those of Japan, standing at 252.51 million won. When converted at market exchange rates, this figure amounts to $185,000, maintaining South Korea's lead over Japan's $180,000.

Real Estate and Financial Assets Drive Growth

The real estate sector, particularly in the metropolitan area, has seen a notable increase, with the total market value of housing turning positive after two years of decline. Meanwhile, net financial assets experienced a record 56% increase, thanks to favorable conditions in overseas stock markets and the rise in the won-dollar exchange rate.