Seoul ranks 7th in city competitiveness assessed by Japanese Institute

London and New York ranked first and second, maintaining their lead for ten years

Seoul ranks 7th in city competitiveness assessed by Japanese Institute
Yeong-Hyo Jeong 1
2023-01-09 10:51:49 hugh@hankyung.com
Economy

Seoul's urban competitiveness rebounded after five years, ranking seventh in the world. It was due to the fact that the ranking of the economy category moved within the top 15, and the ranking of the livability category, which kept its competitiveness ranking low, rose slightly.

In the 2022 Global Power City Index (GPCI) announced on Sunday by the Mori Memorial Foundation’s Institute for Urban Strategies in Japan, Seoul ranked seventh, up one notch from last year.

Seoul had been in sixth place for six consecutive years until 2017, but its competitiveness has since 2018 declined and fallen to eighth.
London and New York ranked first and second, maintaining their lead for ten years. Tokyo and Paris have maintained the third and fourth spots for six straight years, and Singapore has been in fifth place since 2011.

Among cities in Asia, Shanghai (10th), Dubai (11th), Hong Kong (23rd), Taipei (36th), Osaka (37th), and Bangkok (40th) were on the list.
The city competitiveness ranking has been released every year since 2008 by the Mori Memorial Foundation.

The competitiveness of 48 major cities across the world is assessed with 70 indicators in six categories: economy, research and development, cultural interaction, livability, the environment, and accessibility.

Write to Yeong-Hyo Jeong at hugh@hankyung.com
#Institute for Urban Strategies #Mori Memorial Foundation #Global Power City Index #korea seoul city ranking 7th mori #seoul 7th city competitiveness gpci

Seoul reclaims spot as Japanese tourists' top destination after 11 yrs: HIS

Seoul reclaims spot as Japanese tourists' top destination after 11 yrs: HIS

Gwanghwamun, a major tourist spot in Seoul Seoul has become the top destination for Japanese tourists for the first time since 2011, according to Japan’s leading travel agency HIS Group. South Korean port city Busan ranked fourth.The travel agency announced the ranking with its sales da

Seoul more expensive than Tokyo for expats due to high real estate costs

Seoul more expensive than Tokyo for expats due to high real estate costs

Lotte Tower in Jamsil, one of Seoul's landmarks  TOKYO — The monthly rent of a commercial building in Seoul has surpassed that of Tokyo for the first time.The rent for an office building in the business district of Toranomon in the Minato ward of Tokyo is 6,655 yen ($47.41) per squar

Seoul outshines NY, LA to emerge as Frieze Art's No.2 market

Seoul outshines NY, LA to emerge as Frieze Art's No.2 market

Pablo Picasso’s “Girl with a Red Beret and Pompom (1937)" The Frieze Art Fair’s first Asia exhibition in Seoul attracted big crowds of VIP collectors and general art lovers from across South Korea this weekend, with 110 international galleries displaying pieces from Pablo Pica
(* comment hide *}