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Korean celebrities are typically expected to live in Gangnam, an expensive and trendy district of Seoul. However, concerned with privacy and space, many celebrities are now choosing to live in quieter neighborhoods such as Gangbuk. Celebrities who choose to live near Gangbuk include both Hallyu actors and singers.
The top 10 richest in South Korea are: Michael Kim; US$9.7 billion. Jay Y. Lee; $8 billion.
the most productive regions
Jeju, the poorest region in the country, has a GDP per capita level equivalent to 72% of the GDP per capita in Chungcheong, the richest region in Korea.
It was located in Yongsan-gu, Seoul. The BTS members have come a long way from a tiny apartment to a suite in the most expensive neighbourhood in the country. The house of BTS at Hannam, The Hill, is a part of the complex, which has 32 buildings with 600 units.
BTS Jimin owns one of the most expensive properties in Nine One Hannam, South Korea. Reportedly, the 'Like Crazy' singer spent US$5.3 million on the house. BTS Jhope is reportedly the proud owner of a luxury apartment in Seoul's Forest Trimage complex.
Jun Ji Hyun revealed as the buyer of the most expensive apartment home in Seoul of 2022 | allkpop.
The Gangnam area, which includes Gangnam-gu, Seocho-gu, Yongsan-gu, and Songpa-gu, is one of the richest neighborhoods in South Korea. What is Gangnam Style?
Gangnam is known as a wealthy district, with many modern buildings and expensive shopping streets that are always the dream of women. Gangnam is located south of the Han River in Seoul, South Korea, and is connected to the northern area and central Seoul through a bridge.
Hannam-dong in Yongsan district
With its prime location in the heart of Seoul and its scenic views of the famous Han River, many of South Korea's rich and famous often flock to this elite neighbourhood.
Teenage billionaire Kim Jung-youn, who is reportedly 19 years old, inherited a 15 per cent stake in the online gaming giant Nexon after her business magnate father Kim Jung-ju's demise in February 2022.
Who was Kim Jung-ju? Kim, also known as Jay Kim, founded one of South Korea's largest online gaming companies, Nexon, in 1994. Nexon got global recognition after launching one of the world's first online games, The Kingdom of the Winds.
The 2022 Korean Wealth Report compiled by a think tank under KB Financial Group was based on a study conducted in June and July, including a face-to-face survey with 400 respondents with more than 1 billion won in financial assets. It defined “wealthy” as having financial assets over 1 billion won.
Most foreigners in Korea live in the greater Seoul area, which accounts for around 50% of the whole population of Korea and includes Seoul, Incheon, and Gyeonggi Province.
How much money does one actually need to be considered wealthy? While “rich” is a relative term, a recent survey shows that, on average, South Koreans consider a person wealthy when they have 4.65 billion won in assets.
In 2021, Chinese citizens purchased the most South Korean properties, accounting for about 62.5 percent of all properties acquired by foreign buyers. Citizens from the United States were the second largest group, making up about 17 percent of foreign buyers.
Apgujeong-dong, known to be one of the wealthiest regions in Korea, is another spotlight area in Gangnam. Located next to Cheongdam-dong, it is home to some flagship universities in Korea and the infamous Galleria Department store.
Gangnam-gu
It's the third biggest district in Seoul and the most expensive. It's also where a lot of entertainment companies are located, including SM, JYP, and Cube Entertainment.
Most people live in small apartments, and a one-room apartment can set you back anywhere from 300,000 won ($265.60) per month to well over a million won a month, depending on the location of the apartment (Gangnam being one of the most expensive, the far north of the city being a lot cheaper), the facilities, and ...
Seocho is considered a part of the Gangnam region, along with the Gangnam and Songpa districts of Seoul. Seocho District ranks as one of the richest neighborhoods in South Korea and among the most expensive areas in Seoul with an average sales price of 47.75 million South Korean won per 3.3 square meters.
As of January 2023, the mean purchase price of housing in Seoul, South Korea amounted to around 912 million South Korean won. The average price of apartments amounted to around 1.27 billion South Korean won, while the price of detached and row houses were about 962.7 and 347 million South Korean won, respectively.