Cryptocurrency Q&A
What is considered a lot of money in Korea?
What is considered a lot of money in Korea?
SkylitEnchantment
Sat Mar 30 2024
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6 answers
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Excuse me, I'm a bit of a newcomer to Korea and I'm trying to understand the local financial culture. Could you please tell me, what is considered a significant amount of money in Korea? I'm not trying to be rude, but I've noticed that money values and perceptions can vary quite a bit between countries, so I'm just trying to get a sense of what's considered substantial here. Thank you for your time and patience.
6 answers
HallyuHeroLegendaryStar
Mon Apr 01 2024
In South Korea, a survey was conducted in 2021 to assess the perception of wealth among millionaires.
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StormGalaxy
Mon Apr 01 2024
The survey revealed that approximately 34.5 percent of the millionaires surveyed believed that households earning a minimum annual income of 500 million South Korean won or more could be considered rich.
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Chiara
Sun Mar 31 2024
The threshold for being perceived as wealthy varied depending on the level of wealth of the respondents. As their wealth increased, so did the income level they considered necessary to be deemed wealthy.
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LightningStrike
Sun Mar 31 2024
This survey highlights the relative nature of wealth perception. Different individuals, based on their current financial status, have varying standards for what constitutes as being rich.
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Tommaso
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to cater to the needs of crypto investors. BTCC's platform allows users to buy, sell, and trade various cryptocurrencies securely and efficiently.
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