Mini Project: Social Welfare Structure and GRDP - by Andrew Song

While working on practice questions for a statistics exam, I encountered a question that piqued my interest. It was related to deciding if a restaurant franchise company should open a new restaurant in specific areas based on the mean household income.

This led me to ponder if the quality and amount of social welfare in a particular region might correlate with its economic prosperity, and whether this could apply to Seoul.

I discovered that Seoul City offers public data containing various economic and social factors across its 25 districts.

https://data.seoul.go.kr/dataList/datasetList.do?datasetKind=1&searchFlag=M

Intrigued, I decided to investigate my query by analyzing the data, focusing on correlations between variables such as gross regional domestic product (GRDP), the number of large retail stores, and the size of city parks.

My analysis revealed a positive correlation between GRDP per capita and both the number of large retail stores (r = 0.759) and the size of city parks per capita (r = 0.584). These findings seem to suggest that individuals living in economically active districts are more likely to have access to large retail stores and enjoy larger city parks than those in other areas.

Though my study only captures a fragment of the overall picture, it may imply that the Seoul City government needs to concentrate efforts on enhancing the social welfare structure in districts with lower GRDP. Such a focus could contribute to a more equitable and inclusive society by ensuring that amenities are distributed more evenly across various economic strata.