BUSAN, South Korea – The world’s leading news source, CNN, shows Busan placed ninth on the list of Best Cities to Invest in Asia-Pacific.Busan beat Beijing and Shanghai to be ranked as one of the best cities to invest in the Asia-Pacific.
Solidiance, a global marketing strategy consulting firm, recently named the city No. 9 on its list of the 10 best cities to do business in the Asia-Pacific. The feat was reported in CNN and the Wall Street Journal on March 12.
Sydney and Melbourne in Australia ranked second and third respectively, while Hong Kong was fourth, Tokyo and Osaka in Japan were sixth and eighth, and Taipei came in at 10th place.
No cities on the Chinese mainland made it into the top 10. Beijing and Shanghai stood at 13th and 14th respectively. Kuala Lumpur placed 11th, while Bangkok placed 12th. Solidiance’s home city of Singapore was first.
Solidiance is a multinational company based in Singapore that has offices in eight countries including China, India and Malaysia. Its main focus is providing B2B-related information and growth strategy consulting to FORTUNE 500 companies.
The 10 best cities to invest in Asia-Pacific list was meant to find the most innovative cities and help businesses find cities with optimal business environments.
The evaluation was based on six categories including human capital, knowledge creation, technology development, social systems, government support and international integration.
In terms of knowledge creation and technology development, Busan beat Seoul to place second and fifth in those categories. Seoul came in at third and sixth respectively.
The report stated that Busan’s creative potential surpassed that of Seoul. The knowledge creation index included number of colleges per person in a given city, R&D expenditure per person, education expenditure adjusted for GDP, high school enrollment rate and other factors. Busan beat out the rest of the country in terms of colleges per person.
Source: Busan City News