Inheritance accounts for an ever-rising proportion of Koreans’ wealth as the opportunities for social mobility dwindle, a study suggests.
Kim Nak-nyeon at Dongguk University found that inheritance accounted for 8.2 percent of total national income in 2010, compared to just five percent in 1980.
The … …read more
Source:: Chosun Ilbo
42% of All Wealth in Korea Is Inherited
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