France and the UK have effectively dropped to the same living standards as South Korea

In terms of GDP per capita adjusted for purchasing power parity (PPP),
we have already overtaken major European nations.
However, there is a certain factor at play because service labor costs in Korea, such as dining out and beauty services, are relatively low.
Also, Taiwan—a low-wage country excluding semiconductors—has an incredibly high PPP, reaching as much as 100,000 per capita,
so we shouldn't rely blindly on PPP alone.
Nevertheless, you can now consider the overall standard of living to be similar to the average of South Korea and advanced European nations.