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Why do steam games appear cheap in Asia?

For example, take the price of RE9: Requiem (Deluxe) in comparison to major currencies and notice that it costs LESS than from the Western world: (Why is that the case?)

CountryLocal Currencyin USDin GBPin EUR
Japan¥9,990$62.85£46.8053,75€
South Korea₩91,800$61.90£46.3053,15€
China¥398$58.30£43.3049,70€
India₹4799$51.70£38.5044,20€
Kazakhstan29,100₸$60.95£45.3052,15€
Philippines₱3490$58.40£43.5049,95€
IndonesiaRp 1039000$60.80£45.3052,00€
Vietnam1690000₫$64.40£48.0055,10€

Now take the exact same game in "Western" money, it costs even MORE :

USUKEU
$79.99£69.9979,99€

Like, why is it so expensive? I would say the US one costs more as sales tax isn't accounted for (until checkout) on their store front while VAT is included on both UK & EU store fronts via steam.

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