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Seocho is a part of the Gangnam region, along with the Gangnam district 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. [ 2 ]
Cheongdam-dong (Korean: 청담동) is a ward of Gangnam District, Seoul, South Korea. [1] [2] The area is best known in South Korea as an affluent neighborhood populated by a disproportionately high number of high-income individuals and for having some of the most expensive real estate in the country.
The most significant indicator is its extremely expensive real estate. Seoul as a whole is known for its expensive housing prices—as of 2011, its average apartment cost approximately US$5,500 per m 2 —but the average price in Gangnam is almost twice as high, roughly US$10,000 per m 2, which is 3.5 times the nationwide average. [5]
'bright neighborhood') is a dong (neighborhood) in Jung District, Seoul, South Korea between Chungmu-ro, Eulji-ro, and Namdaemun-ro. Myeongdong is known for being one of Seoul's main shopping, parade route, and tourism districts. [1] In 2023, it was listed as the ninth most expensive shopping street in the world. [2]
Ichon 1-dong is known for its expensive real estate. It is home to many foreign residents, especially Japanese. [ 3 ] There are also many American expats , since the Yongsan Garrison is located nearby.
A town or eup is an administrative unit in South Korea; along with township (rural), a town (urban) is one of the divisions of a county, and of some cities with a population of less than 500,000. The main town or towns in a county—or the secondary town or towns within a city's territory—are designated as towns. Towns are subdivided into ...
Bundang District (Korean: 분당구; RR: Bundang-gu) is the largest and most populous district of Seongnam, a major city in the Seoul Capital Area, South Korea. Bundang District is one of South Korea's wealthiest and highest developed areas, being the nation's first and largest completely artificial city built in the early 1990s.
Article 10 of the Local Autonomy Act defines the standards under which a populated area may become a city: an area which is predominantly urbanised and has a population of at least 50,000; a gun which has an urbanised area with a population of at least 50,000; or a gun which has a total population of at least 150,000 and multiple urbanised areas each with a population of at least 20,000. [1]