Over half of Korea's high-ranking public officials saw their personal wealth decrease in the past year amid a real estate slowdown, according to an annual report by the state ethics committee.
Woori Bank pledged to expand the number of branches serving wealthy customers by more than threefold in two years to become a specialized wealth management bank.
Adam Smith might not have imagined how the industrial revolution could change the world. We live in another major inflection point today through the AI-invoked revolution.
About one-third of the ranking public officials at the central government and state-run institutions have more than 2 billion won ($1.5 million) in personal wealth, an annual government report showed Thursday.
The state must faithfully perform its role to make a society of principles and fairness. Only then can Korea achieve a happiness level matching its economic power.
The financial polarization of young people in their 20s and 30s is getting worse.
The number of "rich people" with financial assets of 1 billion won ($847,000) or more increased nearly 11 percent in Korea last year from a year earlier largely on stock gains, a report showed Sunday.
Korea's overall wealth grew at a slightly slower pace in 2020 on-year, central bank data showed Thursday, amid the COVID-19 pandemic that took a heavy toll on the nation's economy.
The fear-of-missing-out epidemic has crossed the Han, as buyers in their 20s and 30s push up the price of properties north of the river.
A 37-year-old man, a resident of Ilsan, Gyeonggi, often feels ashamed when comparing himself with one of his colleagues.
Korea JoongAng Daily Sitemap