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Why is the per capita GDP of South Korea three times that of China, and why is the living standard similar to that of China?
Although in terms of per capita GDP, South Korea's per capita GDP is much higher than that of China, because of the price level in South Korea, the living standard of the Korean people is generally similar to that of ordinary families in China. Just like when we play games. You are the king, it is difficult for you to match bronze, and so is life. The higher the level, the more it costs.

Take food for example. Pork, a kind of food similar to pork, is particularly expensive this year. Usually more than ten yuan 1 kg, but this year, more than 30 pieces of pork have been sold, but you can't see more than 30 pieces of pork in Korea, because the ordinary price of pork in Korea can also sell more than 50 pieces. Generally speaking, it is 10000 won, which is about 54 RMB. The price of raw beef sold here is only tens of dollars, but if it is placed in South Korea, the value of 1 kg raw beef is around RMB in 200 yuan. So just in terms of food, the living expenses of Koreans are probably several times that of China.

Take ordinary Korean civil servants as an example. The annual income of ordinary Korean civil servants is about 56 million won, which is more than 300,000 yuan when converted into RMB. In China, the annual income can reach more than 300,000, which belongs to the middle class, while in South Korea, more than 300,000 only belongs to the normal level. However, even Korean employees with an annual salary of more than 300,000 RMB have the same living standard as China employees with an annual salary of10,000 RMB, and may even be worse than China.

Because the better a country develops, the higher its labor cost and the higher its price cost. Moreover, as a small country, South Korea needs to import a lot of things, which leads to an increase in the cost of living in South Korea, so even with such a high per capita GDP, the quality of life is actually similar to that of China.