KUALA LUMPUR, Oct. 30 -- Penang has been named the world's most budget-friendly city for digital nomads in an international study covering 26 cities across 15 countries.

The study by digital marketing agency Click Intelligence, published in Moneywise last month, placed Penang first with an overall score of 0.78, Berita Harian reported today.

Busan in South Korea came second, followed by Kuala Lumpur in third place.

Fukuoka in Japan and Seoul in South Korea ranked fourth and fifth respectively.

The other five cities in the top 10 were Tartu in Estonia, Chiang Mai in Thailand, Valencia in Spain, Osaka in Japan and Brno in the Czech Republic.

Digital nomads are professionals who are not tied to a specific location and use the internet a...