Statement:
In South Korea the cost of living is lower than in Luxembourg

In the Cost of Living rating South Korea holds position #43 2012 out of 90 and Luxembourg is #4 out of 102 2013.
Position of South Korea is better than position of Luxembourg.
Luxembourg is leader of the "Cost of Living" rating. Living in Luxembourg is really expensive, compared to South Korea

Referencies:

  1. Cost of Living 2022 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 72.15
    South Korea 'Cost of Living Index' value is 66.95
  2. Cost of Living 2021 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 85.30
    South Korea 'Cost of Living Index' value is 76.46
  3. Cost of Living 2020 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 84.38
    South Korea 'Cost of Living Index' value is 75.93
  4. Cost of Living 2019 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 84.68
    South Korea 'Cost of Living Index' value is 75.16
  5. Cost of Living 2018 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 86.44
    South Korea 'Cost of Living Index' value is 76.62
  6. Cost of Living 2017 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 87.52
    South Korea 'Cost of Living Index' value is 81.07
  7. Cost of Living 2016 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 81.46
    South Korea 'Cost of Living Index' value is 74.45
  8. Cost of Living 2015 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 80.81
    South Korea 'Cost of Living Index' value is 77.80
  9. Cost of Living 2014 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 107.41
    South Korea 'Cost of Living Index' value is 91.41
  10. Cost of Living 2013 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    Luxembourg 'Cost of Living Index' value is 124.76
    South Korea 'Cost of Living Index' value is 80.44
  11. Cost of Living 2012 by Numbeo
    The countries in the rating sorted by 'Cost of Living Index' in descending order.
    South Korea 'Cost of Living Index' value is 68.62