What is the richest state in South Korea?

Closely trailing Gyeonggi is the capital city of Seoul, which boasted a gross regional product of roughly 486 trillion won in the same year. Seoul's economic prowess continues to serve as a cornerstone for the nation's overall prosperity.

South Korea's Gyeonggi Province showcased robust economic performance in 2022, with its gross regional product reaching approximately 547 trillion South Korean won. This significant figure underscores the province's vital contribution to the country's economic landscape.

Together, Gyeonggi Province and Seoul account for an impressive share of South Korea's gross domestic product (GDP). In 2022, their combined contribution approximated half of the country's total GDP, demonstrating their indispensable role in driving economic growth and development.

This economic dominance by Gyeonggi and Seoul underscores the concentration of economic activity in certain regions of South Korea. It also highlights the importance of these areas for policy makers and investors alike, as they strive to foster sustainable and inclusive economic growth throughout the nation.

Beyond its significant economic impact, Gyeonggi Province and Seoul are also renowned for their technological advancements and innovation. This is particularly evident in the cryptocurrency sector, where leading exchanges like BTCC are making their mark.