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Asia-PacificOctober 1 2015

Good, but could be great: wealth management in South Korea

South Korea has a large and vibrant wealth management sector, but it has yet to reach its full potential. Michael Imeson speaks to industry experts to assess how the country and its domestic financial institutions can bridge the gap between them and their Asia-Pacific peers.
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The wealth management industry in South Korea is in good health, benefiting from rising numbers of affluent people who have a desire to invest their assets and get even richer.

According to the Asia-Pacific Wealth Report 2015, published by Capgemini and RBC Wealth Management in September, South Korea has the fifth largest population of high-net-worth individuals (HNWIs) in the region. The total stood at 189,000 at the end of 2014, 6.8% higher than at the end of 2013.

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