Seoul and Hong Kong ranked 9th in the top 10 most expensive cities to live in the world list.
Economist Intelligence Unit (EIU) said in a new survey, 2015 marks the debut of South Korea's capital on the list as its cost of living now matches that of Hong Kong.
In particular, the price of clothes and groceries in Seoul turned out to be the highest in the world.
CNBC reported that Seoul hold the highest price tags for everyday food items. For example, 1 kilogram of dried pasta costs $4 on the website of popular Korean supermarket Homeplus, double the price on American retailer Walmart.
The report found that a 750㎖ of wine in Seoul cost an average of US$27.66, compared to US$2.70 in Singapore, while a one-kilo loaf of bread in Seoul cost an average of US$13.91, compared to US$3.54 in Singapore.
Reporter also said "The clothing price of Seoul is 50% more expensive than New York, This is the most expensive place in the world for cloth along with Singapore."
Singapore retained its title as the world's most expensive city for the second consecutive year while weaker yen pushed Tokyo to 11th spot, which was traditionally one of the top 10 most expensive cities.
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