Salary Conversion Report. Seoul, South Korea Mexico City, Mexico

Salary Conversion Report Seoul, South Korea Mexico City, Mexico

2 Seoul (South Korea) - Mexico City (Mexico) Salary Conversion Report prepared by Expatistan on November 19th, 2016. Relocation proposed from Seoul (South Korea) to Mexico City (Mexico). Report date: 19 November 2016 Base city: Seoul, South Korea Base currency: KRW Exchange rate used: 1 KRW = 0.017 MXN Destination city: Mexico City, Mexico Destination currency: MXN Index profile: Standard Current NET in Seoul 9 700 000 KRW (168 481 MXN) NET amount required to cover cost of living difference -32.3% Equivalent NET in Mexico City (current net in Seoul - cost of living difference) -3 133 100 KRW (-54 419.44 MXN) 6 566 900 KRW (114 062 MXN) Salary Adjustment Current NET in SEOUL 9 700 000 KRW (168 481 MXN) Cost of living difference -32.3% -3 133 100 KRW (-54 419.44 MXN) Equivalent NET in MEXICO CITY 6 566 900 KRW (114 062 MXN)

3 Cost of living difference The cost of living in Mexico City, Mexico is 32.3% cheaper than in Seoul, South Korea. Seoul, South Korea Mexico City, Mexico Difference Food category 100 57-43% Housing category 100 68-31% Clothes category 100 64-36% Transportation category 100 43-57% Personal Care category 100 154 +54% Entertainment category 100 79-20% COMPLETE COST OF LIVING 100 68-32.3% Seoul Mexico City

4 Food category details: Food cost difference: -43% Items included in this category: 13 Weight of food in global index: 19% Seoul Mexico City Seoul Mexico City Number of prices KRW MXN KRW MXN used Difference Basic lunchtime menu (including a drink) in the business district Combo meal in fast food restaurant (Big Mac Meal or similar) 8 443 147 7 858 136 84-6.9% 6 095 106 4 693 81.51 77-23.0% Boneless chicken breast 6 154 107 3 594 62.43 51-41.6% Whole fat milk 2 432 42.24 974 16.91 76-60.0% Eggs, large 5 014 87.08 1 996 34.66 62-60.2% Tomatoes 4 850 84.24 1 344 23.34 54-72.3% Local cheese 12 436 216 3 827 66.48 56-69.2% Apples 6 544 114 2 195 38.13 61-66.5% Potatoes 3 608 62.67 1 123 19.51 51-68.9% Domestic beer in the supermarket 1 991 34.58 1 166 20.26 65-41.4% Red table wine, good quality 23 861 414 11 631 202 61-51.3% Coca-Cola 2 665 46.30 1 293 22.45 70-51.5% Bread 3 084 53.57 943 16.38 50-69.4% TOTAL 818-43%

5 Housing category details: Housing cost difference: -31% Items included in this category: 11 Weight of housing in global index: 32% Seoul Mexico City Seoul Mexico City Number of prices KRW MXN KRW MXN used Difference Furnished accommodation in EXPENSIVE area Furnished accommodation in NORMAL area 2 074 490 36 032 1 226 524 21 304 150-40.9% 1 346 640 23 390 702 849 12 208 63-47.8% Utilities 171 649 2 981 95 401 1 657 68-44.4% Furnished studio in EXPENSIVE area Furnished studio in NORMAL area 1 055 710 18 337 882 495 15 328 64-16.4% 734 636 12 760 461 645 8 018 46-37.2% Utilities (studio) 109 045 1 894 74 090 1 287 45-32.1% Internet 8 Mbps 26 563 461 22 981 399 55-13.5% 40 flat screen TV 516 654 8 974 478 991 8 320 48-7.3% Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) 130 597 2 268 139 674 2 426 42 +7.0% Laundry detergent 13 977 243 6 164 107 36-55.9% Domestic cleaning help 15 245 265 2 676 46.49 49-82.4% TOTAL 666-31%

6 Clothes category details: Clothes cost difference: -36% Items included in this category: 4 Weight of clothes in global index: 6% Seoul Mexico City Seoul Mexico City Number of prices KRW MXN KRW MXN used Difference Jeans (Levis 501 or similar) 86 860 1 509 50 337 874 54-42.0% Summer dress in a High Street Store (Zara, H&M or similar retailers) Sport shoes (Nike, Adidas, or equivalent brands) 58 355 1 014 41 307 717 45-29.2% 108 358 1 882 81 683 1 419 52-24.6% Men s leather business shoes 174 036 3 023 77 152 1 340 44-55.7% TOTAL 195-36%

7 Transportation category details: Transportation cost difference: -57% Items included in this category: 4 Weight of transportation in global index: 22% Seoul Mexico City Seoul Mexico City Number of prices KRW MXN KRW MXN used Difference Volkswagen Golf 2.0 TDI 140 CV (or equivalent), with no extras, new 33 442 800 580 873 14 379 218 249 755 60-57.0% Gasoline 1 464 25.43 811 14.08 61-44.6% Public transport 63 364 1 101 25 202 438 86-60.2% Taxi trip on a business day, basic tariff, 8 Km. (5 miles) 13 582 236 4 273 74.21 78-68.5% TOTAL 285-57%

8 Personal care category details: Personal care cost difference: +54% Items included in this category: 9 Weight of personal care in global index: 6% Seoul Mexico City Seoul Mexico City Number of prices KRW MXN KRW MXN used Difference Cold medicine (Tylenol, Frenadol, Coldrex, or equivalent brands) 4 930 85.63 4 722 82.01 30-4.2% Antibiotics 4 462 77.50 14 008 243 28 +213.9% Short visit to private Doctor 9 508 165 41 604 723 32 +337.6% Tampons (Tampax, OB,...) 11 006 191 4 557 79.15 23-58.6% Deodorant, roll-on 8 648 150 2 930 50.89 37-66.1% Hair shampoo 2-in-1 7 104 123 2 874 49.91 34-59.6% Toilet paper 2 006 34.84 1 517 26.35 31-24.4% Toothpaste 2 814 48.87 1 401 24.34 32-50.2% Standard men's haircut in expat area of the city 13 771 239 9 027 157 40-34.4% TOTAL 287 +54%

9 Entertainment category details: Entertainment cost difference: -20% Items included in this category: 11 Weight of entertainment in global index: 15% Seoul Mexico City Seoul Mexico City Number of prices KRW MXN KRW MXN used Difference Basic dinner out in neighborhood pub 27 538 478 27 355 475 52-0.7% Movies 18 879 328 8 566 149 62-54.6% Theater (best available seats) 50 782 882 85 871 1 492 36 +69.1% Nice dinner at an Italian restaurant 81 985 1 424 60 867 1 057 42-25.8% Cocktail drink in downtown club 9 403 163 5 943 103 35-36.8% Cappuccino in expat area of the city 5 199 90.30 2 982 51.79 46-42.6% Beer in neighbourhood pub 4 016 69.75 2 717 47.19 41-32.3% ipod nano 16GB 199 050 3 457 190 688 3 312 24-4.2% Prepaid mobile tariff (no discounts or plans) Gym membership in business district 191 3.32 106 1.85 24-44.5% 83 357 1 448 64 357 1 118 40-22.8% Marlboro cigarettes 4 641 80.61 2 705 46.98 41-41.7% TOTAL 471-20%

10 Description of products and services considered Food Category Product or Service Basic lunchtime menu (including a drink) in the business district Combo meal in fast food restaurant (Big Mac Meal or similar) Boneless chicken breast Whole fat milk Eggs, large Tomatoes Local cheese Apples Potatoes Domestic beer in the supermarket Red table wine, good quality Coca-Cola Bread Description A lunchtime menu special including a drink for one customer, at a restaurant located in the city s business district. A combo meal consisting of a main item with a side dish and a drink, purchased at an international fast-food restaurant such as McDonald s. 500 grams of unboned chicken breast, grade A, purchased in a supermarket in the city center. 1 liter of whole fat milk, purchased in a supermarket in the city center. A dozen large chicken eggs, purchased in a supermarket in the city center. 1 kilogram of standard tomatoes, purchased in a supermarket in the city center. 500 grams of locally produced cheese, purchased in a supermarket in the city center. 1 kilogram of locally grown apples, purchased in a supermarket in the city center. 1 kilogram (2 pounds) of standard potatoes, purchased in a supermarket in the city center. 0.5 liters bottle or can of domestic beer, including container charges if applicable, purchased in a supermarket in the city center. A standard 750-milliliter bottle of good quality red table wine, imported or domestic, purchased in a supermarket in the city center. 2 liters bottle of Coca-Cola or Pepsi, purchased in a supermarket in the city center. 250 grams of bread, typically consumed variety, consumer grade. Housing Category Product or Service Furnished accommodation in EXPENSIVE area Furnished accommodation in NORMAL area Description Monthly rent for a renovated 85 m2 furnished apartment, in expensive area of the city. Monthly rent for a renovated 85 m2 furnished apartment, in an average residential area of the city.

11 Description of products and services considered Housing Category (Continuation) Product or Service Utilities Furnished studio in EXPENSIVE area Furnished studio in NORMAL area Utilities (studio) Internet 8 Mbps 40 flat screen TV Microwave 800/900 Watt (Bosch, Panasonic, LG, Sharp, or equivalent brands) Laundry detergent Domestic cleaning help Description The bill, for two people, for one month s use of heating, electricity, gas and other utilities in an 85 m2 (915 ft2) apartment. Monthly rent for a renovated 45 m2 furnished studio, in expensive area of the city. Monthly rent for a renovated 45 m2 furnished studio, in an average residential area of the city. The bill, per person, for one month s use of heating, electricity, gas and other utilities in a 45 m2 (480 ft2) studio apartment. Monthly price for 8 Mbps unlimited residential internet connection. A 40-inch (101-centimeter) flat-screen TV from a known, international brand, purchased new. A medium-sized 800/900 Watt microwave from a known, international brand, purchased new. A 3-liter (100-ounce) bottle of liquid laundry detergent for colored clothing, purchased in a supermarket in the city center. Cost per hour of domestic help, not on full-time basis. Clothes Category Product or Service Jeans (Levis 501 or similar) Summer dress in a High Street Store (Zara, H&M or similar retailers) Sport shoes (Nike, Adidas, or equivalent brands) Men s leather business shoes Description A pair of Levi s 501 jeans, current season, no sales or discount, in brand shop at shopping mall. A standard female summer dress of the current season, with no sales or discount, in a High Street Store (Zara, H&M or similar retailers) A pair of brand sports shoes (Adidas, Nike,...), in season, in shopping mall sports shop. A pair of male leather business shoes, good quality, in the center.

12 Description of products and services considered Transportation Category Product or Service Volkswagen Golf 2.0 TDI 140 CV (or equivalent), with no extras, new Gasoline Public transport Taxi trip on a business day, basic tariff, 8 Km. (5 miles) Description Volkswagen Golf 2.0 TDI 140 CV 6 vel. (or equivalent), with no extras, purchased new in a brick and mortar dealership. 1 liter of gasoline, 98 unleaded, in medium priced gas station in city center. Monthly pass for the integrated public transport system covering the core city. Alternatively, where monthly passes are not offered, the price equivalent of 2 trips a day between the business centre and a typical residential area. Taxi fare to travel 8 kilometers (5 miles) through the center of the city on a weekday at noon. Personal care Category Product or Service Cold medicine (Tylenol, Frenadol, Coldrex, or equivalent brands) Antibiotics Short visit to private Doctor Tampons (Tampax, OB,...) Deodorant, roll-on Hair shampoo 2-in-1 Toilet paper Description A package of flu-relief medicine, from a known, international brand, with doses for 6 days. A 12-pack of antibiotic pills or tablets purchased from a pharmacy, hospital or doctor s office. Follow-up or other routine visit (15 minutes) to a private, non-specialist doctor. A box of 32 tampons, of good quality, from a known, international brand. 50-milliliter roll-on male deodorant from a known consumer brand. A 400-milliliter (12-ounce) bottle of 2-in-1 shampoo/conditioner of a known international brand, purchased in a supermarket in the city center. Package of 4 rolls of known brand toilet paper (2 layers), purchased in a supermarket in the city center. Toothpaste Standard men's haircut in expat area of the city A 75-milliliter tube of toothpaste from a known, international brand. A standard men s haircut in the city center.

13 Description of products and services considered Entertainment Category Product or Service Basic dinner out in neighborhood pub Movies Theater (best available seats) Nice dinner at an Italian restaurant Cocktail drink in downtown club Cappuccino in expat area of the city Beer in neighbourhood pub ipod nano 16GB Prepaid mobile tariff (no discounts or plans) Gym membership in business district Marlboro cigarettes Description A basic pub meal for two in a residential or local area pub, not including drinks. 2 seats in city center movie theater for an international release on evening session, without discounts. 2 tickets to the best seats available in the city theater for a dramatic or musical performance. A dinner for two at an Italian restaurant in the expat area of the city including appetisers, main course, wine and dessert 1 standard cocktail (mojito, cuba-libre,...) in downtown club, on weekend s night. A 150 to 240 milliliter (5 to 8 ounce) cup of cappuccino from a café located in the expat area of the city. 1 large beer (0.5 liters, 1 pint, or equivalent) in expat neighbourhood pub. 1 16GB ipod nano, purchased new from the Apple store or an authorized reseller. 1 minute calling another domestic number, using a prepaid mobile (no discounts or plans). Monthly membership in centrical branch of known Gym chain. 1 20-cigarette pack of Marlboro Reds

14 Underlying data points Total sample size (different prices, surveys, products,...) used to create the report: Number of prices used in the calculation: 2 722 Number of surveys: 535 Categories included in the calculation: 6 Items included in the calculation: 53 Methodology Expatistan collects data continuously through an online survey available to expatriates at expatistan.com. The survey gathers constantly updated price points for a wide set of products and services representative of expatriates common expenses. The collected data undergoes validation, statistical analysis and testing. It is cross-checked and enhanced with data from other sources available online, including the UN Statistics Division and the World Bank. Spurious data is detected and discarded. The index is calculated net-to-net, excluding taxes other than those charged at the moment of payment, such as sales or value-added taxes. Inflation rates are used to update data when appropriate. More information on the methodology can be found at expatistan.com. Category weights Food: 19% Housing: 32% Clothes: 6% Transportation: 22% Personal Care: 6% Entertainment: 15% Products and services included in the index The Expatistan cost of living index is based on a basket containing 53 products and services representative of the goods and services that a representative expatriate purchases on a regular basis. Brands, qualities and locations of the products in the basket are tailored to expatriate communities rather than to local residents. All reported prices include local taxes paid at the time of purchase, such as sales or value added taxes, where applicable. The products in the index are grouped into the following categories: food, housing, clothing, transportation, personal care and entertainment. Some products and categories are not covered by the cost of living index. These include: Health care Taxes Education Travel Insurance Furniture Jewelery Illegal substances and services Note on exchange rates Exchange rates are used to convert prices in the destination city into the home city s currency before the index is calculated. The exchange rates used in this report are those reported by the Yahoo! Finance Currencies Center on the day the report is issued. In countries where the official exchange rate is artificially set and the real exchange rate used in everyday transactions is significantly different from the official rate (in Venezuela, for example), an alternative or parallel rate may be used.

About Expatistan Expatistan.com has run the original source for international cost-of-living comparisons since 2009. The project s goal is to bring transparency and accessibility to cost of living information, making expatriates lives easier and more rewarding, and assisting companies looking to transfer employees to new cities and countries. Expatistan s model of crowd-sourced data collection allows it to gather data simultaneously from around the world and to incorporate far more data points into its index than other companies can include in theirs. As of November 2016, the Expatistan cost of living index was based on more than 1,736,000 prices entered by 178,000 contributors from around the world. Disclaimer Full disclaimer can be found at www.expatistan.com/reports/disclaimer. Expatistan.com is run by Gerardo Robledillo. It is registered in the Entrepreneurs Registry of the Czech Republic, under trading license number 74710761. For help, questions, or to find out more about Expatistan, please visit expatistan.com or email gerardo@expatistan.com.