[Graphic News] Koreans own W34 million on average in net financial assets: report

Korea’s net per capita financial assets stood at 33.88 million won ($30,750) in 2015, far behind its Asian peers Singapore and Taiwan, a report showed Monday.

Switzerland came in first at 211.46 million won, followed by the US and the UK, while Korea ranked No. 21 among 53 countries, according to the Germany-based Global Wealth Report published by Allianz.

Financial assets grew by double-digit percentages only in Asia, the report emphasized, noting Singapore and Taiwan’s inclusion in the top 10 list of the net financial assets per citizen.

However, Korea alongside Malaysia and Thailand were pushed to sidelines from the top group as the three posted the highest debt ratios, the report added.