Korea’s national wealth sees slower growth in 2014

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Korea’s national wealth sees slower growth in 2014

The nation’s net assets, which shows the wealth of the country, grew 3.5 percent in 2014 from the previous year to reach 11.039 quadrillion won, according to the Bank of Korea Wednesday.

The growth however, has slowed from the 3.8 percent reported in 2013.

The biggest reason the nation’s net worth did not increase as much was a moribund real estate market.

The nation’s wealth, which has been growing rapidly since 2006, has seen its growth rate decelerate since 2011.

Korea’s net worth per capita was 330.9 million won. That is 5.22 million won more than in 2013.

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