Wednesday, August 17, 2011

Moving to Seoul

Today we look at moving to Seoul in Korea Republic of from Kingston in Jamaica. We highlight cost of living and other major differences likely to be experienced in our series of short blogs on moving between different international locations.

In Seoul people speak Korean. In Kingston people speak English (official) and English patois.
Seoul is the capital and largest city of South Korea. Kingston is the capital and largest city of Jamaica.
Seoul, is a major global city and a leading international financial centre in Asia. Although Seoul accounts for only 0.6 percent of South Korea's land area, it generates 21 percent of the country's entire GDP. Kingston, as the capital, is the financial, cultural, economic and industrial centre of Jamaica.

The overall cost of living rank in Seoul is 24 out of 300 global locations, which equates it with high cost of living locations.  An expatriate moving from Kingston to Seoul will experience a change in cost of living of 24.6%.
In terms of the hardship people are likely to experience, assessed in global terms, Seoul is ranked as a high degree of hardship location with a hardship index of 30% compared to Kingston with a hardship index of 20% which is a some hardship location.

Source: as at July 2011.

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