Is Busan an expensive city? Which city is rich in Busan?

The cost of living in Busan is 28% less expensive than in Seoul, and it is ranked 4704th and 3134th in the list of the most expensive cities in the world.

However, Busan has been ranked the 17th most expensive expatriate city to live in according to the most recent ECA International survey.

Haeundae Marine City is Busan’s new luxury neighborhood, where super-tall apartment complexes are not far from premium brand stores. The area is where tourism, shopping, leisure activities, and investments all take place.

The range of luxury brands got even wider after the mall renewed the masterpiece and men’s sections in March. Luxury goods account for about 30 percent of Centum City’s total sales.

It recorded the second-highest luxury goods sales among all Shinsegae branches, with 824 billion won ($767 million) in 2012 and a projected 900 billion won for last year. The branch aims to become the very first regional branch to mark 1 trillion won in sales.