SEOUL, June 14 (Xinhua) -- National net assets in South Korea rose last year on the back of higher land valuation, a joint report from the Bank of Korea (BOK) and Statistics Korea showed Wednesday.
The national net assets, which measure the country's total wealth by deducting debts from assets, amounted to 13,078 trillion won (11.6 trillion U.S. dollars) as of end-2016, up 5.8 percent from a year earlier.
The increase was mainly attributed to higher valuation of non-productive assets such as land and buildings.
Land assets expanded 6.2 percent last year, taking up over half of the total national net assets.
Non-financial assets, which include real estate, buildings, facilities and intellectual property rights, accounted for 97.4 percent of the total national net assets.
The trickle-down effect was not found as more wealth coming from economic growth moved to companies than households.
The portion of assets owned by households and non-profit organizations was 57.6 percent of the total as of end-2016, down 0.4 percentage points from a year earlier.
The growth rate of households' net assets slowed down from 6.2 percent in 2015 to 5.0 percent in 2016, but the figure for non-financial companies accelerated from 7.5 percent to 8.9 percent in the same period.
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