Korean Job Discussion Forums

[BoholDiver]

http://images.businessweek.com/ss/10/06/0622_most_expensive_cities/21.htm

I am sorry, but I have to call BS on this again. I know a list like this comes out every year, but they seem wholly inaccurate.

$7.50 for a movie ticket? Since when is 8000 won $7.50?

$20 for lunch at a restaurant? If you eat Outback everyday, then maybe. Or at a hotel.

A can of beer is 1800 won or so at Family Mart. Not $2.20.

Rice is about $3.50 US a kilo. Or less.

[coralreefer_1]

This may shed a bit of light onto those numbers....

"ECA�s ranking is based on a basket of 128 goods that includes food, daily goods, clothing, electronics, and entertainment, but not rent, utilities, and school fees, which are not typically included in a cost-of-living adjustment. ECA researchers and local partners gathered prices in September 2009 and March 2010 for domestic and imported brands that are internationally recognized�such as Kellogg�s cereal or Sapporo beer. While lower-priced goods and services are available in these markets, the study estimated the cost of supporting the standard of living expected by expatriate employees"



http://images.businessweek.com/ss/10/06/0622_most_expensive_cities/index.htm

[BoholDiver]

Oh, so basically, it was made for Americans or American wannabes, when living or travelling overseas, to see how much it'd cost to live their American lives overseas.

Hence the high prices for imported products with high tariffs.

[Koharski]

Being discussed here:

http://forums.eslcafe.com/korea/viewtopic.php?t=186243