Not even lottery jackpots are enough to buy apartments in Seoul - The Korea Times
www.koreatimes.co.kr
Cho Soo-chul, a Seoul tenant in his 40s, has been buying lottery tickets for years with the hope of winning enough money to buy a home, a goal he f...

jackpots in 2025 averaged 2.06 billion won ($1.41 million), which falls to 1.4 billion won once taxes are deducted.

That after-tax amount is below the average price of an apartment in Seoul, which was 1.5 billion won in December 2025, according to separate data compiled by KB Land, the property data tracker of KB Kookmin Bank.

  • tiredofsametab@fedia.io
    2·
    7 hours ago

    I mean, I buy up to a dozen lottery tickets a year next door in Japan. Paying off the house would be first and, were I not already a homeowner, buying one would certainly top the list. Those lottery tickets amount to something like 3600 JPY a year which is probably like 20 USD or so. It’s not a financial plan, but I wouldn’t complain if I won. I used to spend more than that at starbucks in a month.

      • tiredofsametab@fedia.io
        1·
        32 minutes ago

        Ah but I have won… just not enough to do more than pay for about a year’s worth of tickets. It’s not an investment strategy; it’s entertainment. If I ever get rich (and I don’t expect to), nice bonus.