Where do Korean Rich People Live?
Korea has a population of about 52 million people, with a GDP per capita of around $31,200. One of the wealthiest countries in Asia, Korea is home to many rich and high-net-worth individuals. But where do they live? This article explores the different areas where Korean rich people reside.
The Gangnam District
The Gangnam district in Seoul is one of the most affluent areas in Korea. It is home to many wealthy individuals, celebrities, and businessmen. The district is known for its luxurious apartments, high-end shopping malls, and upscale restaurants. Gangnam has a reputation for being the hub of Korea’s entertainment industry, and many artists and actors call it their home.
Hannam-dong
Hannam-dong is another popular area where Korean rich people live. It is located near the Han River and has many spacious villas and mansions. Hannam-dong is known for its high-end restaurants, trendy cafes, and upscale boutiques. Many foreign diplomats also reside in Hannam-dong because of its proximity to embassies and international schools.
Bundang
Bundang is a planned community located in the southern part of Seoul. It is known for its modern architecture, clean streets, and green spaces. Bundang has many luxury apartment buildings, and some of them have their private golf courses. It is also home to several international schools, making it an ideal location for expatriates.
Pyongyang
Pyongyang is a city located in North Korea and is the capital of the country. It is not commonly associated with wealthy individuals because of North Korea’s economic situation. However, Pyongyang is home to many elites who are in the ruling party and have access to vast resources. These individuals live in luxury apartments and have access to high-end amenities like private swimming pools and fitness centers.
Seongbuk-dong
Seongbuk-dong is a neighborhood located in the northern part of Seoul. It is known for its traditional Korean houses, called “hanok,” and has many spacious villas and mansions. Seongbuk-dong is a popular location among politicians, businessmen, and academics. It has many prestigious schools, making it an ideal location for families with children.
Yeouido
Yeouido is an island located in the Han River in Seoul. It is known for its modern architecture, skyscrapers, and green spaces. Yeouido is home to many financial institutions, making it an ideal location for businessmen. It also has several luxury apartment buildings and high-end restaurants.
Apgujeong-dong
Apgujeong-dong is a neighborhood located in the southern part of Seoul. It is known for its high-end fashion boutiques, trendy cafes, and luxurious apartments. Apgujeong-dong is a popular location among celebrities and socialites because of its upscale nightlife and entertainment scene.
Samsungdong
Samsungdong is a neighborhood located in the Gangnam district of Seoul. It is home to many high-ranking executives of Samsung, the largest conglomerate in Korea. Samsungdong has many luxury apartments, villas, and mansions. It also has several high-end restaurants and shopping malls.
Itaewon
Itaewon is a neighborhood located in the central part of Seoul. It is known for its diverse cultural scene and international atmosphere. Itaewon has many restaurants serving international cuisine, trendy cafes, and bars. It is a popular location among expatriates and foreign tourists.
Daechi-dong
Daechi-dong is a neighborhood located in the Gangnam district of Seoul. It is known for its luxury apartment buildings, high-end restaurants, and shopping malls. Daechi-dong is a popular location among wealthy families because of its proximity to prestigious schools.
Gwanghwamun
Gwanghwamun is a neighborhood located in the central part of Seoul. It is known for its historical landmarks like Gyeongbokgung Palace and the National Museum of Korea. Gwanghwamun has several luxury apartment buildings and high-end restaurants. It is a popular location among politicians and government officials.
Sinsa-dong
Sinsa-dong is a neighborhood located in the southern part of Seoul. It is known for its trendy fashion boutiques, hip cafes, and nightclubs. Sinsa-dong is a popular location among young professionals and socialites because of its vibrant nightlife and entertainment scene.
In conclusion, Korea has several affluent areas where rich people reside. These areas have many luxury apartment buildings, spacious villas, and mansions. They also have high-end restaurants, shopping malls, and entertainment venues. The neighborhoods mentioned in this article are just a few examples of where Korean rich people live.
Where do most Korean celebrities live?
The areas of Cheongdam and Apgujeong in Gangnam are known for their affluent fashion retailers, cosmetic surgery clinics, expensive properties, and being the residences of numerous Korean celebrities. PSY’s renowned song “Gangnam Style” humorously mocked this notorious district, which is held in high regard in Korean society.
How rich is the average Korean?
As of 2022, the average net worth of households in South Korea increased to approximately 456 million South Korean won from the previous year’s value of around 415 million South Korean won. There has been a consistent increase in the average wealth of households in South Korea over the past few years.
Where do rich people hang out in Seoul?
Gangnam is a luxurious area in Seoul that is often compared to Beverly Hills. It is where affluent individuals reside and socialize, and social status is highly valued. The streets are filled with luxury shopping outlets, upscale dining options, sophisticated cocktail bars, beauty salons, and cosmetic surgery clinics.
What is the richest neighborhood in South Korea?
Located within the Gangnam region of Seoul, Seocho District is one of the wealthiest neighborhoods in South Korea and one of the priciest areas in Seoul. In 2022, the average sales price per 3.3 square meters is 47.75 million South Korean won. Seocho District is also grouped with the Gangnam and Songpa districts of Seoul.
Who is the richest person in Korea?
The 2022 list of South Korean billionaires includes Kim Beom-soo, Lee Jae-yong, Seo Jung-jin, Kwon Hyuk-bin, and 37 others. Kim Beom-soo is a billionaire from South Korea.
Who is the biggest celebrity in Korea?
The list of top professionals in 2021 includes BTS, a popular boy band, Blackpink, a successful girl group, Hyun-jin Ryu, a talented baseball player, and Son Heung-min, a skilled football player, among others.
Seongsu-dong
Seongsu-dong is a neighborhood located in the eastern part of Seoul. It used to be an industrial area, but it has undergone gentrification and has become a trendy location for young professionals and artists. Seongsu-dong is known for its hipster cafes, artisanal shops, and stylish lofts.
Cheongdam-dong
Cheongdam-dong is a neighborhood located in the Gangnam district of Seoul. It is known for its luxury shopping district, called “Cheongdam-dong Fashion Street,” where high-end fashion brands like Chanel and Gucci have flagship stores. Cheongdam-dong is also home to many wealthy individuals, celebrities, and business executives.
Jamsil
Jamsil is a neighborhood located in the southern part of Seoul. It is known for its sports and entertainment complexes, like the Jamsil Olympic Stadium and Lotte World amusement park. Jamsil also has several luxury apartment buildings and high-end restaurants.
Seocho-gu
Seocho-gu is a district located in the southern part of Seoul. It is known for its high-end residential areas, like Banpo-dong and Seocho-dong. Seocho-gu also has several international schools, making it an ideal location for expatriates with families.
Yongsan-gu
Yongsan-gu is a district located in the central part of Seoul. It is known for its large military base, Yongsan Garrison, which houses thousands of American soldiers and their families. Yongsan-gu also has several luxury apartment buildings and high-end restaurants.
Gangnam Finance Center
The Gangnam Finance Center is a large office and commercial building located in the Gangnam district of Seoul. It is known for its high-end office spaces, luxury shopping mall, and five-star hotel. The Gangnam Finance Center is a popular location among financial institutions and multinational corporations.
Hapjeong
Hapjeong is a neighborhood located in the western part of Seoul. It is known for its trendy cafes, vintage shops, and street art. Hapjeong is a popular location among young artists and designers because of its creative atmosphere.
Seoul Forest
Seoul Forest is a large public park located in the eastern part of Seoul. It is known for its spacious green areas, walking trails, and outdoor facilities like basketball courts and skating rinks. Seoul Forest is also home to several luxury apartment buildings and villas.
Gangnam Station
Gangnam Station is a transportation hub located in the Gangnam district of Seoul. It is known for its high-end shopping malls, like COEX Mall and Hyundai Department Store, and luxury apartment buildings. Gangnam Station is a popular location among young professionals because of its convenient location and vibrant nightlife scene.
