Korea's household net worth shrinks for first time on falling house prices
newscatcher
2023-07-21 03:36
Korea's household net worth shrinks for first time on falling house prices
[Image source: Gettyimagesbank]South Korea's household net worth shrank for the first time last year due to falling real estate prices.The share of real estate in household assets also fell for the first time in 10 years, and the net worth per household dropped for the first time to 520.71 million won ($407,576), data showed Thursday.According to data from the Bank of Korea (BOK), the net worth of households and non-profit organizations stood at 11,237 trillion won last year, down 317.8 trillion won, or 2.

https://n.news.naver.com/mnews/article/009/0005161943?sid=104

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