Seoul sees sharpest drop in world’s wealthiest cities rank

SEOUL: Seoul saw the steepest decline in the world’s 50 wealthiest cities ranking last year, according to a report released by a British wealth intelligence firm.

According to the report by British investment migration consultancy Henley & Partners and wealth intelligence firm New World Wealth, the number of millionaires residing in Seoul stood at 66,000 — down from 82,500 the previous year, as of December 2023.