4 in 10 Koreans Own Land... Total Landowners Reach 20.12 Million

[Economy 365]

Data shows that four out of ten South Korean citizens own land.

According to the Ministry of Land, Infrastructure and Transport, the number of landowners stood at 20.12 million at the end of last year, accounting for 39.4 percent of the total resident registered population.

This represents an increase of 470,000 from a year earlier.

The number of land-owning households also rose by 350,000 to 15.65 million, while the average land area owned per household decreased by 2.5 percent over the year to 2,947 square meters.

By age group, people in their 60s held the largest share of land area at 30 percent of the total, followed by those in their 70s at 22 percent, and those in their 50s at 20.5 percent.

Among landowners, 54.3 percent were men and 45.7 percent were women.

The area of land owned by corporations stood at approximately 7,463 square kilometers, up 0.8 percent from a year earlier, with forest land accounting for the largest share at 46.4 percent.

*This article was produced with AI audio.
※ Please note: This article was translated by AI and may contain errors.