Disposable Personal Income in South Korea increased to 2438286.40 KRW Billion in 2023 from 2349203.90 KRW Billion in 2022. This dataset provides - South Korea Total Households Disposable Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, South Korea's per capita disposable income amounted to around ***** million South Korean won, up from about ***** million won in the previous year. Per capita net disposable income in South Korea has risen steadily in recent years.

In 2022, the national disposable income in South Korea amounted to approximately *** quadrillion South Korean won. The national disposable income in South Korea has shown an increase in recent years.

Korea Gini's Coefficient Index: All Households: Disposable Income data was reported at 0.304 NA in 2016. This records an increase from the previous number of 0.295 NA for 2015. Korea Gini's Coefficient Index: All Households: Disposable Income data is updated yearly, averaging 0.307 NA from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 0.314 NA in 2009 and a record low of 0.295 NA in 2015. Korea Gini's Coefficient Index: All Households: Disposable Income data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H066: Household Income and Expenditure Survey (HS): Income Distribution.

Korea Gini's Coefficient Index: Urban Households: Disposable Income data was reported at 0.278 NA in 2016. This records an increase from the previous number of 0.269 NA for 2015. Korea Gini's Coefficient Index: Urban Households: Disposable Income data is updated yearly, averaging 0.277 NA from Dec 1990 (Median) to 2016, with 27 observations. The data reached an all-time high of 0.295 NA in 2009 and a record low of 0.245 NA in 1992. Korea Gini's Coefficient Index: Urban Households: Disposable Income data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H066: Household Income and Expenditure Survey (HS): Income Distribution.

In 2023, the median household disposable income in South Korea amounted to around ***** million South Korean won, showing a steady increase over the past few years. The median disposable income of South Korean households has steadily increased over the past few years.

Korea LHR: All Households: Disposable Income data was reported at 5.450 Times in 2016. This records an increase from the previous number of 5.110 Times for 2015. Korea LHR: All Households: Disposable Income data is updated yearly, averaging 5.540 Times from Dec 2006 (Median) to 2016, with 11 observations. The data reached an all-time high of 5.750 Times in 2009 and a record low of 5.110 Times in 2015. Korea LHR: All Households: Disposable Income data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s South Korea – Table KR.H066: Household Income and Expenditure Survey (HS): Income Distribution.

In 2022, the overall median disposable income in South Korea amounted to ***** million South Korean won. However, this was lower among the disabled population, reaching only ***** million won.

Key information about South Korea Household Income per Capita

• South Korea Annual Household Income per Capita reached 19,208.928 USD in Dec 2024, compared with the previous value of 19,230.954 USD in Dec 2023.
• South Korea Annual Household Income per Capita data is updated yearly, available from Dec 2003 to Dec 2024, with an averaged value of 14,290.376 USD.
• The data reached an all-time high of 19,230.954 USD in Dec 2023 and a record low of 7,685.194 USD in Dec 2003.
• In the latest reports, Retail Sales of South Korea dropped 0.473 % YoY in May 2023.

CEIC calculates Annual Household Income per Capita from quarterly Monthly Household Income multiplied by 3 and quarterly Average Household Size and converts it into USD. Statistics Korea provides Household Income in local currency and Average Household Size. Federal Reserve Board average market exchange rate is used for currency conversions. Household Income excludes single person and farm households. Household Income per Capita prior to 2019 is based on old methodology.

As of third quarter 2024, South Korea's household debt-to-disposable income ratio stood at 166.1 percent. It had peaked at 160.9 percent in the third quarter of 2021 and has gradually declined since then.

Korea Households: Gross disposable Income: Others data was reported at 126,211,100.000 KRW mn in 2016. This records a decrease from the previous number of 176,854,000.000 KRW mn for 2015. Korea Households: Gross disposable Income: Others data is updated yearly, averaging 103,754,650.000 KRW mn from Dec 2005 (Median) to 2016, with 12 observations. The data reached an all-time high of 176,854,000.000 KRW mn in 2015 and a record low of 57,248,700.000 KRW mn in 2005. Korea Households: Gross disposable Income: Others data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Korea – Table KR.IMF.FSI: Sectoral Financial Statement: Income and Expense: Annual.

In 2023, South Korean households' debt-to-gross disposable income ratio was about 186.5 percent. This ratio has been on an overall upward trend over the past few years. Household debt mainly includes loans, primarily home mortgages, and other types of liabilities such as consumer credit (e.g., credit card debt, automobile loans). A ratio above 100 percent indicates that the debt owed is greater than the annual disposable income. According to the source, South Korea had one of the highest household debt-to-income ratios among OECD countries in 2023.

Korea (DC)Gross National Disposable Income (GNDI) data was reported at 899,128.500 KRW bn in 2007. This records an increase from the previous number of 845,305.600 KRW bn for 2006. Korea (DC)Gross National Disposable Income (GNDI) data is updated yearly, averaging 146,510.200 KRW bn from Dec 1970 (Median) to 2007, with 38 observations. The data reached an all-time high of 899,128.500 KRW bn in 2007 and a record low of 2,830.700 KRW bn in 1970. Korea (DC)Gross National Disposable Income (GNDI) data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.A084: Gross National Disposable Income: Current Price (Annual) (Old).

Korea Average: AH: All Household: Disposable Income data was reported at 41,180,000.000 KRW in 2017. This records an increase from the previous number of 40,220,000.000 KRW for 2016. Korea Average: AH: All Household: Disposable Income data is updated yearly, averaging 37,350,000.000 KRW from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 41,180,000.000 KRW in 2017 and a record low of 30,470,000.000 KRW in 2010. Korea Average: AH: All Household: Disposable Income data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H084: SHFLC: Household Assets, Liabilities & Income By Income Quintiles.

Average: AH: 50~59: Disposable Income data was reported at 52,060.000 KRW th in 2017. This records an increase from the previous number of 49,840.000 KRW th for 2016. Average: AH: 50~59: Disposable Income data is updated yearly, averaging 46,155.000 KRW th from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 52,060.000 KRW th in 2017 and a record low of 37,240.000 KRW th in 2010. Average: AH: 50~59: Disposable Income data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H078: SHFLC: Household Assets, Liabilities & Income By Age Groups of Households Head (10Age).

Additional file 2: Table S1. Estimated Average Health Care Utilization and Out-of-pocket Medical Spending Difference in Medical Aid Type I panel by difference-in-differences analysis. Abbreviation: Medical Aid, MA, National Health Insurance, NHI, Confidence Interval, CI. * Log Link with Zero-Inflated Negative Binomial Distribution was applied in the regression analysis because of exceess zeros in the outcomes. a Models additionally adjusted for individuals’ health related characteristics (mostly visited type of medical institution, lasted period of chronic disease). b Propensity score matched for sex, age, region, equivalized household disposable income, marital status, economic activity status, number of private insurance, expenditure on private insurance.

Korea Median: HPL: Male: Disposable Income data was reported at 43,170.000 KRW in 2017. This records an increase from the previous number of 42,590.000 KRW for 2016. Korea Median: HPL: Male: Disposable Income data is updated yearly, averaging 38,615.000 KRW from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 43,170.000 KRW in 2017 and a record low of 30,570.000 KRW in 2010. Korea Median: HPL: Male: Disposable Income data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H077: SHFLC: Household Assets, Liabilities & Income By The Gender of Household Head.

Korea (DC)GNDI: National Disposable Income (NDI) data was reported at 776,813.800 KRW bn in 2007. This records an increase from the previous number of 727,992.500 KRW bn for 2006. Korea (DC)GNDI: National Disposable Income (NDI) data is updated yearly, averaging 130,479.900 KRW bn from Dec 1970 (Median) to 2007, with 38 observations. The data reached an all-time high of 776,813.800 KRW bn in 2007 and a record low of 2,619.500 KRW bn in 1970. Korea (DC)GNDI: National Disposable Income (NDI) data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.A084: Gross National Disposable Income: Current Price (Annual) (Old).

Korea Average: AH: 3 Pesons: Disposable Income data was reported at 49,460.000 KRW th in 2017. This records an increase from the previous number of 46,160.000 KRW th for 2016. Korea Average: AH: 3 Pesons: Disposable Income data is updated yearly, averaging 41,335.000 KRW th from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 49,460.000 KRW th in 2017 and a record low of 33,680.000 KRW th in 2010. Korea Average: AH: 3 Pesons: Disposable Income data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H076: SHFLC: Household Assets, Liabilities & Income By The Number of Household Members.

Korea Average: AH: Married: Disposable Income data was reported at 49,420.000 KRW th in 2017. This records an increase from the previous number of 48,480.000 KRW th for 2016. Korea Average: AH: Married: Disposable Income data is updated yearly, averaging 44,910.000 KRW th from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 49,420.000 KRW th in 2017 and a record low of 35,770.000 KRW th in 2010. Korea Average: AH: Married: Disposable Income data remains active status in CEIC and is reported by Statistics Korea. The data is categorized under Global Database’s Korea – Table KR.H079: SHFLC: Household Assets, Liabilities & Income By Marital Status of Households Head.