City Profile - Seoul; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail
City Profile - Seoul; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retailSummary
“City Profile - Seoul” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Seoul.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
Seoul is the capital and most populous city of the Republic of Korea (ROK). Seoul is a key financial and economic hub of South Korea accounting for around 21.2% of the national GDP. In 2024, Seoul's economy grew by 2.7% in real terms as it encountered significant challenges, resulting in minimal growth due to political turmoil and weakened domestic demand. The impeachment of President Yoon Suk Yeol and Prime Minister Han Duck-soo led to declining consumer and business confidence, raising concerns about South Korea's global creditworthiness and straining an already pressured economy amid rising external risks.
Scope
- The Industry and service sectors remain the key contributor to the regional economy and the major employers.
- In 2024, Seoul's tourism sector rebounded significantly after three challenging years, driven by government initiatives and the Korean Wave's popularity. The city has shifted from an IT hub to a global tourist destination, attracting more visitors from Southeast Asia, North America, and Europe, while arrivals from China have declined. Notably, there has been growth in tourists from the US, the Netherlands, and France, highlighting Seoul's appeal to international travelers.
Reasons to Buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
MarketLine, a world-leading provider of commercial intelligence, has over 400 experienced analysts, consultants, and researchers with regional and sector expertise in market sizing, competitor tracking, socio and macro economics, and business drivers.
For more than 15 years MarketLine has supported the research needs of investment banks, corporations, professional services firms, and academia with a unique mix of company, industry, country, city and financial data for every major industry and marketplace.
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‒ PEST/PESTLE Analysis
‒ Socio and macro-economic indicators
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