Seoul Climbs 8 Ranks Up in Global Financial Competitiveness (Ranked 25)
Seoul ranked 25th place among 121 cities for the Global Financial Centres Index (GFCI) that measures the international financial competitiveness of world’s major cities in the areas of business environment, development of the financial industry, infrastructures, human resources, and more.
Seoul is now ranked 8 places higher than it was in March 2020 at 36th place, and 11 higher than it was back in September 2019 at 36th place. Since Seoul’s financial institutions were being relocated in provincial regions in 2015, it dropped to 33rd place in 2019, but has been gradually recovering its status since then. Top-ranking cities include New York in 1st place followed by London, Shanghai, and Tokyo.