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.
Seems like they are misrepresenting the costs of buying and renting. It’s the same in the US. If you tried to BUY an apartment they’d easily charge you close to 1 million in New York. It’s the same concept. Obviously rent in Seoul doesn’t cost 1 billion won per month.
Depends on what part of the city, but Bronx/Queens is about half that. Manhattan is double tho