Two percent of world affluent population lives in South Korea: UN ...

WASHINGTON, Dec. 5 (Yonhap) -- Two percent of the world's wealthiest 10 percent of adults are in South Korea, a country at the high end among rich countries of the Asia-Pacific region, a U.N. report released Tuesday said. South Koreans, like those in other Asian nations, preferred to amass their wealth in savings accounts, unlike people in the West, who mostly held shares and equities and other types of financial assets, said the report titled "The World Distribution of Household Wealth." South Korea has 0.77 percent of the world population, and its per capita mean wealth, in terms of purchasing power, is US$45,849, according to the report published by the Helsinki-based World Institute for Development Economics Research of the U.N. University. The country's household wealth as of the year 2000 is comprised of 61 percent in liquid assets, 18 percent in shares and equities, and 21 percent in other financial assets such as insurance, pension reserves and other accounts receivable. By comparison, U.S.

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