Cost of living in South Korea
I think many of us can attest to the rising cost of living in the country, what stands out the most for you personally? I am interested in canvassing opinions on this for research l am doing.
In 2013 a big mac was 3,900 - now it is 5,500
In 2013 a regular kimbap was 1,500 - now is it 3,500
Bunsik and fast food aside, it is very hard to eat out for less than W10,000 these days. And I wouldn't advocate eating at kimbap cheonguk as a cure-all solution for this either as some are inclined to do.
I know the minimum wage almost doubled between 2013 and 2023 and real estate has obviously gone through the roof, having risen by 144% in Seoul during that time frame.
Of course, it is a global problem but should it continue what do you think the long-term effects may be?