Thursday, June 18, 2015

Hwaseong, South Korea

These cities will be very rich in 10 years

Chances are these cities mean little to you. Yet they are tipped to be among the richest in the world by 2025.

Hwaseong, South Korea

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hwaseong gyeonggi
     
    Hwaseong, although not widely known outside South Korea, is a booming city south of Seoul. It's home to the global research facilities of Hyundai (HYMTF) and Samsung(SSNLF), as well as flagship plants for Kia and LG Electronics.
    The city is investing heavily in new residential real estate in the super modern Dongtan district.
    Source: McKinsey Global Institute
    The ranking is based on GDP per capita. McKinsey's top 10 cities by 2025 also include Oslo, Yosu (South Korea) and San Jose (California). 
    BY IVANA KOTTASOVA   @IVANAKOTTASOVA - LAST UPDATED JUNE 18 2015 04:38 AM ET
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