Korea’s total net worth surpassed 12 quadrillion won ($10 trillion) for the first time last year.
According to preliminary data from the Bank of Korea, the country’s wealth, calculated as total assets minus total liabilities, came in at 12,359.5 trillion won ($10.54 trillion) at the end of 2015, up 5.7 percent from a year earlier.
That is 7.9 times the size of Korea’s gross domestic product in 2015.
Nearly 87 percent of that wealth was in land and buildings.
The net worth of Korean households and nonprofit organizations is estimated to be 361.5 million won.
When converted into dollars based on purchasing power parity, the Korean household net worth stood at $405,000, behind Canada’s $434,000 and Japan’s $466,000.
