SEOUL, Sept. 30 (Yonhap) — Figures from Statistics Korea presented to Rep. Kim Hoi-jae of the main opposition Democratic Party (DP) showed that South Korean households in Seoul, Incheon, and the surrounding Gyeonggi Province have approximately 70 percent more assets than households in non-capital regions. The average per-household assets in the capital areas amounted to 692.46 million won (US$512,554) as of end-March, while those in non-metropolitan households totaled 409.35 million won. This includes debts.
The gap between metropolitan and non-metropolitan households is largely attributed to the recent surge in real estate prices, especially in Seoul and the adjacent areas. In 2018, the asset difference between capital and non-capital households was 47.5 percent, and this figure has gradually increased to 65.6 percent in 2021.
The average yearly income for households in the capital regions was 702.2 million won in 2021, while the same figure for the remaining households was 583.2 million won.
This file photo taken Sept. 17, 2023, shows apartments in Seoul. (Yonhap)
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