Seoul and Ulsan are South Korea’s most economically vibrant cities, as they led in terms of consumer expenditure, disposable incomes and labour productivity. Citizens across all major cities benefit from connectivity as 100% of households across the country are connected to the internet. In the longer term, the biggest challenge with be the increase in old-age dependency ratio as declining birth rates are expected to continue in the future.
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Overview:
South Korea Cities Review is based on Euromonitor’s City Scorecard. The scorecard is a benchmarking tool used to evaluate the consumer and economic performance of 1,000+ largest cities globally. The scorecard considers indicators across eight key pillars that are at the core of a city’s consumer market development. The scorecard is built by ranking cities in a country/regional context and provides an easy-to-understand system to quickly identify city-specific risks and opportunities.
Euromonitor’s City Scorecard covers over 30 indicators in eight pillars:
• Population
• Consumer Expenditure
• Digital Consumer
• Wealth
• Possession of Household Durables
• Economy
• Labour
• Transport
South Korea Cities Review helps to evaluate potential market size by city and formulate a more informed image of the urban consumer. Key economic indicators combined with income, spending and employment data help businesses map potential market sizes. Comparative data and newest city insights will help businesses customize and tailor country market entry strategies pinpointing the cities with the most future potential.
The South Korea Cities Review market research report includes:
- Major South Korea cities scorecard
- Detailed ranking of cities in terms of future growth, wealth, labour and other key consumer and economic indicators
- Historic data on population, consumer expenditure, digital consumer and other indicators
- Five-year forecasts of trends and city growth
The South Korea Cities Review in South Korea report answers:
- How does a specific city fair in terms of consumer market attractiveness compared to a country/region?
- Which cities will be the fastest growing in South Korea?
- What is the consumer market potential in specific cities?
- Which cities in South Korea have the largest number of wealthy consumers?
- How does the city affordability differ across country and region?
- How does labour productivity differ across cities?
- What is the household profile in different cities?
South Korea Cities Review
HEADLINES
Chonan to record the fastest increase in senior citizens in South Korea
100% of households across South Korea connected to the internet
Ulsan to offer the highest disposable income in South Korea
Consumer expenditure on housing remains main expenditure of consumers from Seoul
Seoul itself generates nearly half of South Korea’s total GDP
City planners taking active steps to help alleviate traffic congestion
Buy Cities reports to:
- Gain competitive intelligence about cities
- Track key cities trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions This cities review originates from Passport, our Cities market research database.
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