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Briefings South Korea’s wealth gap widens as asset inflation masks structural weaknessRising Gini coefficient and double-digit surge in rental liabilities undercut government claims of financial soundness South Korea’s average household net assets rose 5% to around $320,000 (471.4 million won) in 2024, driven primarily by a recovery in real estate valuations, according to datareleased Thursday by the Ministry of Economy and Finance (MOEF). However, the headline growth coincided with a deterioration in key metrics. The Gini coefficient, which measures income inequality, rose from 0.323 to 0.325. The income quintile share ratio, which measures income inequality by comparing the total income of the richest 20% of a population to the total income of the poorest 20%, widened from 5.72 to 5.78 times, and the relative poverty © Korea Risk Group. All rights reserved. |





