850,000 Koreans Earn Six-Figure Salaries

  • By Lee Ki-hun

    December 30, 2020 12:25

    More than 850,000 Koreans or 4.4 percent of salaried workers made six-figure annual salaries last year, National Tax Service data unveiled earlier this month show (US$1=W1,094).

    The number increased by 50,000 from 2018 to 852,000. In 2016, there were only around 600,000 fat cats.

    Some 98,000 made more than W200 million in earned income a year, 12,000 more than W500 million and 2,854 more than W1 billion.

    They account 0.01 percent of all salary earners.

    The average annual income of salary earners before tax was W37.44 million, up 2.7 percent from 2018.

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