Seoul Named Costliest City in Asia

Fact about Korea.


Seoul has been named the most expensive city in Asia for foreign residents.
According to statistics released Tuesday by global human resources consulting firm ECA International, Seoul has the highest living expenses for foreigners in Asia, and the seventh highest in the world.
Japanese cities edged down the list because of the depreciating value of the yen.
Lee Quane, general manager of ECA International Hong Kong said, "Five years ago, expatriates in Tokyo paid 35 percent more for basic goods and services than those in Seoul. But the stronger won has seen foreign expatriates living in the South Korean capital paying 10 percent more for the same items compared to their counterparts in Tokyo."
Tokyo was next after Seoul on the list, followed by Yokohama, Kobe, Hong Kong, Taipei, Beijing, Shanghai, Singapore and Jakarta.