Where do rich people live in South Korea?
South Korea has a booming economy, and this has created a wealthy class within the country. The rich in South Korea are concentrated in certain areas, and this article will explore where they live.
1. Gangnam-gu
Gangnam-gu is one of the wealthiest areas in South Korea, known for its high-end shopping, dining, and entertainment. It is home to many celebrities, politicians, and business leaders, and has some of the most expensive real estate in the country.
2. Seocho-gu
Seocho-gu is another affluent area located south of the Han River. It is known for its large houses and high-end apartments, as well as its proximity to Namsan Mountain and the Han River.
- Talk To Me In Korean (Author)
- English (Publication Language)
- 164 Pages - 09/21/2015 (Publication Date) - Longtail Books (Publisher)
- Kim, Woojoo (Author)
- English (Publication Language)
- 6 Pages - 11/23/2021 (Publication Date) - Tuttle Publishing (Publisher)
3. Yongsan-gu
Yongsan-gu is located in central Seoul and is home to many foreign embassies as well as wealthy South Koreans. The area is known for its luxury high-rise apartments and large houses.
4. Jung-gu
Jung-gu is the central district of Seoul and is home to many business leaders and affluent families. It is known for its historic landmarks such as Gyeongbokgung Palace, as well as its luxury shopping and dining options.
5. Bundang
Bundang is a planned community located just south of Seoul. It is known for its high-quality schools and family-friendly atmosphere, making it a popular choice for wealthy families with children.
6. Songdo
Songdo is a new city located on reclaimed land near Incheon. It is a high-tech city that has been designed with sustainability in mind. It is home to many multinational corporations and affluent families.
7. Pyeongchang
Pyeongchang is a mountainous region located in Gangwon Province. It is known for its ski resorts and winter sports facilities, making it a popular destination for wealthy South Koreans and international tourists.
8. Jeju Island
Jeju Island is a popular vacation destination for wealthy South Koreans. It is known for its natural beauty, luxury resorts, and tax-free shopping.
9. Busan
Busan is the second-largest city in South Korea and is known for its beaches, seafood, and vibrant nightlife. It is home to many affluent families who enjoy the city’s cosmopolitan atmosphere.
10. Gyeonggi Province
Gyeonggi Province surrounds Seoul and is home to many wealthy families who prefer a more suburban lifestyle. The area is known for its high-quality schools, parks, and cultural attractions.
11. Incheon
Incheon is a port city located west of Seoul. It is known for its international airport, as well as its luxury hotels and resorts. Many wealthy families choose to live in Incheon due to its proximity to both Seoul and the airport.
12. Daegu
Daegu is a metropolitan city located in the southeast of South Korea. It is known for its fashion industry, as well as its historic sites and cultural attractions. Many affluent families choose to live in Daegu due to its relaxed lifestyle and lower cost of living compared to other major cities such as Seoul.
Where do the richest live in South Korea?
- Talk To Me In Korean (Author)
- English (Publication Language)
- 164 Pages - 09/21/2015 (Publication Date) - Longtail Books (Publisher)
- Kim, Woojoo (Author)
- English (Publication Language)
- 6 Pages - 11/23/2021 (Publication Date) - Tuttle Publishing (Publisher)
Seocho is a district in Seoul that is grouped together with the Gangnam and Songpa districts as part of the Gangnam region. It is the wealthiest neighborhood in South Korea as of 2022 and is also one of the most expensive areas in Seoul, with an average sales price of 47.75 million South Korean won per 3.3 square meters.
Where do most celebrities live in South Korea?
Gangnam-gu, located in Seoul, is known for its affluence and upscale shopping, dining, and nightlife scenes. The area is also home to numerous K-Pop celebrities, attracting many fans who hope to catch a glimpse of their idols.
Where do rich people stay in Korea?
Many affluent Korean families own property near the fashionable Cheongdam luxury fashion street, which is frequently featured in Korean television shows. Cheongdam Park is a beloved spot among residents of this area due to its tranquil atmosphere amidst the busy streets of Gangnam.
Where do most Koreans live in USA?
The areas with the highest number of Koreans living outside of Korea are Southern California and the New York City Metropolitan Area.
Who is the most loved celebrity in Korea?
As of April 2022, the most popular South Korean celebrities on Instagram were members of the music group BTS. Jungkook had the largest following at 35.89 million, followed by Jimin with 33.09 million, Suga with 31.74 million, and Jin with 31.73 million.
How much money do you need to live a luxurious life in South Korea?
The average monthly living expenses for a family of four in Korea is around 2,300,000 KRW (2,000 USD) excluding rent. For a single expat, the monthly living expense is approximately 652,000 KRW (560 USD) without rent.
13. Cheongdam-dong
Cheongdam-dong is a neighborhood located in the Gangnam district of Seoul. It is known for its high-end fashion boutiques, luxury car dealerships, and upscale restaurants. Many wealthy South Koreans and international celebrities call Cheongdam-dong home.
14. Yeouido
Yeouido is an island located in the middle of the Han River in Seoul. It is a major financial district and home to many large corporations and financial institutions. Many wealthy business executives choose to live in Yeouido due to its proximity to their offices.
15. Seongsu-dong
Seongsu-dong is a trendy neighborhood located in eastern Seoul. It was once an industrial area but has been transformed into a fashionable district with art galleries, cafes, and high-end shops. Many young affluent professionals choose to live in Seongsu-dong due to its vibrant atmosphere.
16. Haeundae
Haeundae is a beachfront neighborhood located in Busan. It is known for its luxury hotels and resorts, as well as its high-end shopping and dining options. Many wealthy South Koreans and international tourists choose to vacation in Haeundae.
17. Sinsa-dong
Sinsa-dong is another chic neighborhood located in the Gangnam district of Seoul. It is known for its trendy boutiques, cafes, and restaurants, as well as its upscale residential properties. Many young affluent South Koreans choose to live in Sinsa-dong due to its hip vibe.
18. Sejong City
Sejong City is a planned city located south of Seoul. It was created to alleviate the population density of Seoul and is now home to many government agencies and research institutes. Many affluent families choose to live in Sejong City due to its modern infrastructure and high-quality services.
