The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    4 Chinese, 4 Russian military planes enter Korea's air defense zone without notice

  • 3

    'The Second Husband' co-stars to the tie knot, expecting child in real life

  • 5

    Egyptian national arrested for possession of cannabis cookie

  • 7

    Presidential office's plan to revamp TV viewing fees causes stir

  • 9

    Samsung family takes out stock loans to pay inheritance tax

  • 11

    Incheon announces plans to become hub for overseas Koreans

  • 13

    Saudi mega-city project NEOM secures $5.6 bil. for workforce housing

  • 15

    Controversy grows as fisheries ministry stresses safety of seafood, salt, beaches

  • 17

    Hyundai Motor, IKEA join hands to promote sustainable outdoor activities

  • 19

    Apple unveils Vision Pro, its $3,500 headset

  • 2

    Asiana Airlines pilots union to initiate mass flight delays

  • 4

    Korean food's global popularity leads to copycat products in China, Japan

  • 6

    'Dynamite' tops 1.7 bil. YouTube views to become most-watched BTS MV

  • 8

    ROK-US alliance is now nuclear-based: President Yoon

  • 10

    International Yoga Day to celebrate well-being of body, mind

  • 12

    Heart transplant recipients tie the knot

  • 14

    S. Korea wins seat on UN Security Council for 2024-25

  • 16

    JYP founder to work as guest commentator for NBA finals on Korean cable

  • 18

    JPMorgan chief meets with Korean financial leaders

  • 20

    Seoul Queer Culture Festival venue moved to Euljiro

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Thu, June 8, 2023 | 11:44
Business
Ulsan Posts Largest Per-Capita GDP
Posted : 2009-12-22 16:46
Updated : 2009-12-22 16:46
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
Ulsan, home to the main plants of Hyundai Motor and Korea's other industrial giants, was the nation's most economically active city in 2008, with its per-capita gross domestic product (GDP) topping the list among 16 large municipalities. But Seoulties were the largest income earners and spenders in the country.

By Lee Hyo-sik
Staff Reporter

Ulsan, home to the main plants of Hyundai Motor and Korea's other industrial giants, was the nation's most economically active city in 2008, with its per-capita gross domestic product (GDP) topping the list among 16 large municipalities. But Seoulties were the largest income earners and spenders in the country.

Statistics Korea said Tuesday that the southeastern industrial city of Ulsan posted 48.6 million won in per-capita GDP last year, followed by South Chungchong Province with 30 million won and South Jeolla Province with 29.6 million won.

Daegu recorded the lowest per-capita output at 13.6 million won among the 16 municipal regions.

In per-capita income, Seoul put its name on the top of the leader board as the average resident earned 15.5 million won in 2008, higher than the national average of 12.7 million won. Ulsan came in second at 15.3 million won, followed by South Gyongsang Province (12.3 million won) and North Chungchong Province (11.4 million won).

People living in Seoul were also the largest spenders, with the average Seoulite spending 14.8 million won, compared with the nationwide average of 11.5 million won. Those residing in Gyeonggi Province spent 11.8 million won per person on various goods and services, followed by Ulsan at 11.7 million won. South Jeolla Province was the least consumption-oriented region as its residents spent only 8.6 million won on average per head.

The statistical office also said the total value of final goods and services produced in 16 municipalities last year reached 1,031 trillion won, up 4.9 percent from 2007, exceeding the 1,000 trillion won for the first time in history.

South Jeolla Province posted the highest output growth in the country, producing 12.2 percent more than in 2007. Ulsan came in second with a 9.7 percent increase.

By industry, the agricultural and fisheries sector accounted for 15.5 percent of GDP in North Gyongsang Province, the highest ratio among 16 municipalities, followed by South Jeolla Province (14.2 percent) and South Chungchong Province (13.2 percent).

Manufacturing and mining industries accounted for 22.8 percent of economic output in Gyeonggi Province, followed by North Gyongsang Province (12.1 percent). The services sector was responsible for 33 percent of Seoul's output in 2008, the largest among 16 regions.

The combined nominal gross income of 16 municipalities reached 1,038 trillion won in 2008, up 5.4 percent from the previous year. The combined nominal individual income totaled 617 trillion won, up 5.7 percent over the same period. But the real personal income after adjusting for inflation rose only 1 percent.

The nominal gross fixed capital formation jumped 7.8 percent to 302 trillion won from 2007, while the nominal private consumption reached 714 trillion won, up 5.9 percent.

But after adjusting for inflation, consumption rose only 1.7 percent and the capital investments declined 1.8 percent.

Reflecting sluggish business activities last year, construction and facility investments dropped 2.1 percent and 2.2 percent, respectively, from 2007.

Construction spending increased 14.3 percent in North Jeolla Province and 10.5 percent in South Chungchong Province. But it dropped 13.5 percent on Jeju and 11.9 percent in Gangwon Province.

Capital investment rose in Ulsan and four other regions, but in the remaining 11 municipalities it declined from a year earlier.

leehs@koreatimes.co.kr
 
wooribank
Top 10 Stories
1Heart transplant recipients tie the knot Heart transplant recipients tie the knot
2Seoul Queer Culture Festival venue moved to Euljiro Seoul Queer Culture Festival venue moved to Euljiro
3Experts skeptical about effectiveness of S. Korea's UNSC seat to rein in NK Experts skeptical about effectiveness of S. Korea's UNSC seat to rein in NK
4Yido bridges East, West via fusion cuisine in crafted ceramics Yido bridges East, West via fusion cuisine in crafted ceramics
5Korea, Poland celebrate rollout of Warsaw's first FA-50 Korea, Poland celebrate rollout of Warsaw's first FA-50
6Samsung to unveil new foldable phones at Galaxy Unpacked in Seoul Samsung to unveil new foldable phones at Galaxy Unpacked in Seoul
7Umbrella union boycotts negotiating body to protest labor crackdownUmbrella union boycotts negotiating body to protest labor crackdown
8Rise in temperatures, solar radiation by 2100 inevitable: weather agency Rise in temperatures, solar radiation by 2100 inevitable: weather agency
9Coupang, Baemin under pressure from radical labor groups Coupang, Baemin under pressure from radical labor groups
10Tax on domestic cars to be lowered in July Tax on domestic cars to be lowered in July
Top 5 Entertainment News
1Frieze Seoul unveils stronger lineup of Asian galleries for its second edition Frieze Seoul unveils stronger lineup of Asian galleries for its second edition
2'Leaving Las Vegas' director Mike Figgis puts Korea in spotlight in new film 'Leaving Las Vegas' director Mike Figgis puts Korea in spotlight in new film
3[REVIEW] 'The ODD Of LOVE' concert: Taeyeon shows why she is among K-pop's top vocalists REVIEW'The ODD Of LOVE' concert: Taeyeon shows why she is among K-pop's top vocalists
4Baritone Kim Tae-han wins Queen Elisabeth Competition Baritone Kim Tae-han wins Queen Elisabeth Competition
5Busan Film Festival accepts director Huh Moon-yung's resignation Busan Film Festival accepts director Huh Moon-yung's resignation
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group