Korea's filthy rich kids
Over 800 children under the age of 13 are classified by banks as VIP customers because they hold at least one billion won ($1.88 million) in their personal accounts, according to the Financial Supervisory Service (FSS).
Rep. Kim Tae-hwan of the ruling Saenuri Party released the information in a bid to highlight the growing economic gap among young Koreans.
"Just like with adults, there is a concentration of wealth and a concentration of poverty,” Kim said.
The child with the largest bank account had 29 billion won ($2.7 million) in Hana Bank. The second richest had 10.3 billion won stowed away with Shinhan Bank.
"We need to look at where these large figures come, determine if there are problems regarding tax declarations or problems in the accumulation of the wealth,” Kim said.