Business · Economy · 5 hrs ago
Unclaimed inheritance cash worth 12.3 billion won went to South Korea over five years
South Korea received 12.3 billion won in cash with no heirs over the past five years.
The money went to the state treasury because nobody was entitled to inherit it.
The figures highlight concerns among middle-aged people living alone about what will happen to their property.
Single-person households without a spouse or children are increasing rapidly, the report says.
More people may have no family heirs to receive their assets.
The figures do not say what happens to individual estates or describe any next steps.
Cash with no eligible heirs worth 12.3 billion won went to South Korea’s national treasury over the past five years.
The report said the money had no one entitled to inherit it.
It also noted a sharp rise in one-person households where people live without a spouse or children.
The report said more middle-aged people are concerned about where their assets will go.
- Who
- People with no eligible heirs.
- What
- Cash worth 12.3 billion won went to the national treasury.
- When
- Over the past five years; the specific years are not stated.
- Where
- South Korea.
- Why
- There was no one entitled to inherit the cash.
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This story does not have a timeline yet.
- Cash transferred
- 12.3 billion won
- Period
- Past five years
- Destination
- South Korea’s national treasury
- Reason
- No eligible heirs