Cost of Living Archives | Be Korea-savvy

Poor Devote 80.4 Pct of Income to Living Expenses

SEOUL, Feb. 28 (Korea Bizwire) – An in-house research entity of NH Investment and Securities published a study on January 28 that found the percentage of income used to cover living expenses was more than 30 percentage points higher for low-income households than the middle class. The study was based on data derived from a [...]

Seoul Becomes Sixth Most Expensive City in the World

SEOUL, March 22 (Korea Bizwire) – The latest report from the Economist Intelligence Unit, Worldwide Cost of Living 2017, labelled Seoul as the sixth most expensive city in the world in 2016 out of 133 major cities examined. The EIU compared prices of over 150 products and services, using New York as a base city [...]