Wealth concentration at top intensifying as the rich's proportion of real estate assets grows

A Korean household needed assets of at least 3.48 billion won ($2.36 million) to rank among the country’s top 1 percent last year, underscoring the concentration of wealth at the top.

2026-04-16

U.S. curler Rich Ruohonen makes history as oldest U.S. Olympian at age 54

U.S. curler Rich Ruohonen became his country's oldest Winter Olympian at the age of 54 when he stepped onto the ice during his team's 8-3 defeat by Switzerland on Thursday.

2026-02-13

As rich Koreans flee the country, KCCI urges inheritance tax reform to make them stay

As more wealthy Koreans leave the country in search of tax havens, experts urge legislative reform to keep them in Korea.

2026-02-03

Instant ramyeon with a side dish of Ferrari? The ‘Poverty Challenge’ sparks online outrage.

A so-called “poverty challenge” circulating on social media has drawn criticism for trivializing economic hardship, as users post pictures flaunting their wealth while claiming to suffer from terrible poverty.

2025-12-27

aespa to appear on 'Good Morning America' to promote new EP 'Rich Man'

Girl group aespa will appear on ABC’s flagship morning program “Good Morning America” (1975-) on Friday, followed by a recording for Fox TV’s “Jennifer Hudson Show” (2022-) stepping up its global promotions with its new EP “Rich Man.”

2025-09-10

Trump's tax law will mostly benefit the rich, while leaving poorer Americans with less, CBO says

President Donald Trump's tax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday.

2025-08-12

Income, long-term residency — still no loan: Korea's credit wall for foreigners

Foreigners, even those on salaries and residency visas, have fought a losing battle to get bank loans for years, and when they do, the interest rate is exorbitant, but some banks are slowly working to change that as the foreign population grows.

2025-07-01

Big, private and convenient: Seoul's luxury apartments embody lifestyles of Korea's rich and famous

Unlike the classical images of mansions with white fences, gardens and Greek-inspired pillars, the lifestyles of the rich and fabulous in Korea largely take place within the confines of modern concrete and steel-framed apartment complexes.

2025-04-28

[WHY] All in the family: How conglomerates drove Korea’s growth — and deepened its divides

Korean conglomerates have been at the center of the country's explosive growth, but the familial nature of these empires has stratified society while suppressing innovation.

2025-04-26

Wealthy Koreans, young and old, shift to safe investments: Report

With concerns mounting over prolonged economic slowdown, Korea's wealthy are shifting their investments away from the real estate and into safer assets such as savings deposits, gold and bonds.

2025-04-16

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