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 14,027.328 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 grew 3.324 % YoY in Oct 2025.

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.

In the fourth quarter of 2024, the average monthly income of South Korean households amounted to about **** million South Korean won, up from about **** million South Korean won in the same quarter of the previous year. Following the outbreak of the COVID-19 pandemic, household income dropped *** percent year-on-year in the second quarter of 2021, but recovered by the end of the year.

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, 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 Income Share Held by Lowest 20% data was reported at 7.300 % in 2012. This stayed constant from the previous number of 7.300 % for 2010. Korea Income Share Held by Lowest 20% data is updated yearly, averaging 7.300 % from Dec 2006 (Median) to 2012, with 4 observations. The data reached an all-time high of 7.300 % in 2012 and a record low of 7.200 % in 2008. Korea Income Share Held by Lowest 20% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

In the fourth quarter of 2024, the wealthiest ** percent of households in South Korea reported a monthly income of approximately ***** million South Korean won. The wealthiest earned over ten times more than the poorest in South Korea per month.

Korea Income Share Held by Lowest 10% data was reported at 2.600 % in 2012. This stayed constant from the previous number of 2.600 % for 2010. Korea Income Share Held by Lowest 10% data is updated yearly, averaging 2.600 % from Dec 2006 (Median) to 2012, with 4 observations. The data reached an all-time high of 2.700 % in 2006 and a record low of 2.600 % in 2012. Korea Income Share Held by Lowest 10% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

Historical dataset showing South Korea income inequality - gini coefficient by year from N/A to N/A.

Korea Income Share Held by Highest 10% data was reported at 23.800 % in 2012. This records a decrease from the previous number of 24.200 % for 2010. Korea Income Share Held by Highest 10% data is updated yearly, averaging 24.100 % from Dec 2006 (Median) to 2012, with 4 observations. The data reached an all-time high of 24.500 % in 2008 and a record low of 23.800 % in 2012. Korea Income Share Held by Highest 10% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

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.

Actual value and historical data chart for South Korea Income Share Held By Highest 10percent

Gross National Product in South Korea increased to 573849.60 KRW Billion in the second quarter of 2025 from 548046.20 KRW Billion in the first quarter of 2025. This dataset provides - South Korea Gross National Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in South Korea stands at 45 percent. This dataset provides - South Korea Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Primary income payments (BoP, current US$) in South Korea was reported at 44704400000 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - Income payments (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Korea HS: AS: 1 Quintile: Income: data was reported at 2,011,483.000 KRW in Sep 2018. This records an increase from the previous number of 1,994,563.000 KRW for Jun 2018. Korea HS: AS: 1 Quintile: Income: data is updated quarterly, averaging 1,602,608.000 KRW from Mar 2003 (Median) to Sep 2018, with 63 observations. The data reached an all-time high of 2,021,229.000 KRW in Mar 2015 and a record low of 1,102,397.000 KRW in Jun 2003. Korea HS: AS: 1 Quintile: 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.H062: Household Income and Expenditure Survey (HS): by Income Quintile: All Salary and Wage Earner.

Income share held by lowest 10% in South Korea was reported at 2.9 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - Income share held by lowest 10% - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Income share held by lowest 20% in South Korea was reported at 7.5 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - Income share held by lowest 20% - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Actual value and historical data chart for South Korea Income Share Held By Fourth 20percent

View quarterly updates and historical trends for South Korea Household Personal Disposable Income. Source: Federal Reserve Bank of Dallas. Track economic …

In 2024, the average income of farm households in South Korea amounted to around **** million South Korean won. It was a slight decrease compared to the previous year.