My HanCinema | Sign up, Why ? Your E-mail   Password    Auto| Help
HanCinema :: The Korean Movie and Drama Database, discover the South Korean cinema and drama diversity Contact HanCinema HanCinema on TwitterFaceBook HanCinema PageHanCinema on Twitter
NewsLetter DailyWeekly

Huge Proportion of Assets Tied Up in Real Estate

2017/06/18 | 266 views |  | Permalink | Source

Learn to read Korean in 90 minutes or less using visual associations

Real estate holdings accounted for a whopping 74 percent of net household assets here as of last year, according to the Bank of Korea on Wednesday. In the U.S., U.K. and Japan the ratio stands at only between 35 to 55 percent.

The BOK said the total national wealth stood at W13.1 quadrillion as of the end of 2016, up 5.8 percent from the previous year (US$1=W1,127).

Of that, household net assets stood at W7.54 quadrillion, state assets at W3.54 quadrillion, non-financial corporations at W1.72 quadrillion and financial corporations at W275.6 trillion.

And among household assets, real estate holdings including homes, commercial buildings and land were W5.58 quadrillion, 74 percent of the total.

Attention You're reading the news with potential spoilers, make them spoiler free, dismiss



 

Commenting guidelines

- Stay on topic and do not spam.
- Emoticons are fun, but actual thoughts are appreciated.
- Refrain from abusive language.
- Post only in English, as this is an English language community.
- Do not share pages or media unrelated to the topic you are commenting on.
- Do not request or mention illegal download/streaming services.
- No graphic content allowed.
- Respect the right of other users to share their opinion. Arguments are welcome, fights are not.

Comments which break the rules will be erased. Repeated rule breaking will result in blacklisting.

 Previous news

Subscribe to HanCinema Pure to remove ads from the website (not for episode and movie videos) for US$2.99 per month (you can cancel anytime).
The first step is to be a member, please click here : Sign up, then a subscribe button will show up.

Settings

Remove ads

Sign up

Sharing

Activate

Spoilers

Visible, hide

By Cédric Collemine | Privacy policy | Contact | Partners |  Advertising by

Mobile version