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South Korea Cities Review

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    Country Profile

  • 23 Pages
  • May 2023
  • Region: South Korea
  • Euromonitor International
  • ID: 5821754
Ulsan and Cheongju stand out as South Korea's most economically vibrant cities in South Korea. Cheongju is recognised as having the greatest potential for future economic expansion. Nevertheless, these cities will face ongoing challenges. In the short term, they will have to navigate a global economic slowdown, inflationary pressures, and tighter financial conditions. Looking ahead, there will be growing strains on their infrastructure due to substantial and continuously increasing populations.

The publisher's City Review reports analyse key trends and developments in 126 world’s major cities. They provide localised city information in terms of economy, consumer lifestyles, housing and transport and city environment and offer valuable insights for strategic planning.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Cities market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.
The publisher has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, the publisher has a unique capability to develop reliable information resources to help drive informed strategic planning.

Table of Contents

SOUTH KOREA CITIES REVIEWHEADLINES
URBAN CONSUMER
  • Chonan expected to experience the most rapid growth in senior population
  • High level of connectivity in Korean cities positions them well for smart city solutions
CONSUMER FINANCE
  • Chonan set to become the leading city in terms of per capita income
  • High inflation in Pohang to erode consumer purchasing power
ECONOMY
  • Seoul expected to maintain its position as the primary economic growth driver
  • Koreans switch to public transport as motorisation leads to traffic congestion
CITY SCORECARD
  • Summary 1 City Scorecard by Pillar 2022
POPULATION
  • Summary 2 City Scorecard in Population Pillar 2022
CHART 1 Population in 2022 and Population Growth 2022-2027CHART 2 Population by Age by City 2022CHART 3 Average Household Size by City 2022CHART 4 Population Density and Net Migration 2022
CONSUMER EXPENDITURE
  • Summary 3 City Scorecard in Consumer Expenditure Pillar 2022
CHART 5 Total Consumer Expenditure in South Korea by City 2022CHART 6 Consumer Expenditure per Capita and Consumer Expenditure Growth 2022-2027CHART 7 City Affordability, Consumer Expenditure on Housing and Transportation 2022CHART 8 Discretionary vs Necessity Consumer Expenditure 2022
DIGITAL CONSUMER
  • Summary 4 City Scorecard in Digital Consumer Pillar 2022
CHART 9 Share of Households with Internet and Broadband Internet Access 2022CHART 10 Possession of Digital Devices by City 2022
INCOME AND WEALTH
  • Summary 5 City Scorecard in Wealth Pillar 2022
CHART 11 Disposable Income per Capita and Disposable Income Growth 2022-2027CHART 12 Number of Households by Disposable Income Band 2022CHART 13 Number of Households with Disposable Income Over USD150,000 2022-2027CHART 14 Household Possession of Kitchen Durables by City 2022CHART 15 Household Possession of Entertainment Electronics by City 2022CHART 16 Household Possession of Other Durables by City 2022CHART 17 Number of Passenger Cars and Motorcycles per Household 2022
CHART 18 Possession of Transport Vehicles by City 2022
  • Summary 6 City Scorecard in Economy Pillar 2022
CHART 19 GDP per Capita in 2022 and Real GDP Growth by City 2022-2027
LABOUR
  • Summary 7 City Scorecard in Labour Pillar 2022
CHART 20 Economically Active Population in 2022 and Employed Population Growth by City 2017-2022CHART 21 Labour Force Participation Rate and Unemployment by City 2022CHART 22 Labour Productivity Value and Productivity Growth by City 2017-2022