Korean Job Discussion Forums

[Real Reality]

Korean Millionaires Multiply at Record Pace
A recent report by Merrill Lynch and Capgemini says the number of millionaires in Korea is growing at the world's fastest rate.
Chosun Ilbo (June 21, 2006)
http://english.chosun.com/w21data/html/news/200606/200606210009.html

Merrill Lynch and Capgemini Unveil 10th Anniversary Edition of World Wealth Report
GLOBAL HIGH-NET-WORTH POPULATION GROWS TO 8.7 MILLION; U.S. INCREASE SLOWS WHILE EMERGING MARKETS AND ASIA PACIFIC SET PACE
INDIVIDUALS MORE AGGRESSIVE WITH ASSET ALLOCATION, SHIFTING FUNDS TO EQUITIES AND ALTERNATIVE INVESTMENTS
Merrill Lynch & Co. (June 20, 2006)
http://www.ml.com/index.asp?id=7695_7696_8149_63464_67074_67212

For a copy of the 2006 World Wealth Report, as well as more specific regional data, please visit www.capgemini.com/worldwealthreport.

World Wealth Report 2006: Regional Facts
http://www.capgemini.com/industries/financial/solutions/wealth/wwr06_4

[steroidmaximus]

time to raise the tuition

[endofthewor1d]

how hard is it to become a korean millionaire? i think most of us hit that mark every month.

[RACETRAITOR]

So Korea is doing better at this than the US?

[Yesterday]

I was reading a while back (no source- I never bookmarked it) - Koreans now considered to be part of the poor/middle/upper class - you had to have savings/assets to this amount....

"poor-class" - less than $1 million (USA dollars)
"middle-class" more than $1 million (USA dollars) in savings
"upper-class" more than $3 million (USA dollars) in savings

I guess that far-outstrips my home country - where to be in the middlle class - one just has to have maybe ($250,000 USA dollars) and "upper-class" maybe more than $700,000 (USA dollars)....

I guess many of us teachers are ALL in the "poor-class" here in korea?