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Korean Urban Development

Korean Urban Development: Image collection

By Jindotgae, East Bound, Sept.2012

Quote:

"Seoul, officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world. The Seoul National Capital Area, which includes the surrounding Incheon metropolis and Gyeonggi province, is the world's second largest metropolitan area with more than 25 million inhabitants. Nearly one of every four South Koreans lives in Seoul; half of South Koreans live in the metropolitan area, as well as 275,000 international residents. Situated on the Han River, Seoul has been a city of national importance for more than 2,000 years. It was founded in 18 BCE when Baekje, one of the Three Kingdoms of Korea, established its capital in what is now southeast Seoul. It continued as the capital of Korea under the Joseon Dynasty and the Korean Empire. The Seoul National Capital Area contains four UNESCO World Heritage Sites: Changdeokgung, Hwaseong Fortress, Jongmyo Shrine and the Royal Tombs of the Joseon Dynasty. Today, Seoul is considered a leading global city, ranking eighth in the Global Cities Index of 2012 and seventh in the Global Power City Index of 2011. The metropolis is involved in many global affairs, exerting rising influence as the host of the fifth most international conferences worldwide in 2010. It is one of the world's top ten financial and commercial centers, home to major multinational conglomerates such as Samsung, LG and Hyundai-Kia. In 2008, Seoul was named the world's sixth most economically powerful city by Forbes. Seoul was voted the top travel destination by Chinese, Japanese and Thai tourists for a third consecutive year in 2011. Seoul has much technologically advanced infrastructure. It was the world's first city to introduce Digital Multimedia Broadcasting for television and radio, and WiBro for data, both serviced in all subway lines and buses along with 4G LTE and WiFi. It has a fibre-optic broadband network which has a 34.4% penetration rate. Its tap water treatment plants make tap water safe to drink. Seoul Station is the main terminal of the KTX bullet train and the Seoul Subway is the world's second most highly used, featuring the longest circular line and second longest fully underground line in the world. Seoul shares a unified public transportation system with Incheon and Gyeonggi, allowing passengers to transfer freely from subway or bus using the T - money smart card, and is connected via AREX to Incheon International Airport, rated the best airport worldwide since 2005 by Airports Council International. Seoul hosted the 1986 Asian Games, 1988 Summer Olympics, 2002 FIFA World Cup and the 2010 G-20 Seoul summit. The city was named the World Design Capital for 2010 by the International Council of Societies of Industrial Design."

Gangnam (강남 / 江南) means south of the Han river in Seoul. It usually refers to Gangnam-gu (district), Seocho-gu and Songpa-gu. Gangnam is known for very expensive real estate and concentration of affluent people. It is home to many conglomerates. New Samsung Electronics headquarters near the Gangnam station in Seocho-gu.

Samsung Headquarter

The city installed multi-functional Media Poles around the Gangnam station.

M-Stage near the Gangnam station. High chance of seeing random celebrities there.

COEX in Gangnam-gu has established itself as one of the busiest convention/exhibition centers in Korea. It also has a large shopping mall, an aquarium and theaters. COEX yearly hosts more than 200 exhibitions and 2500 international meetings/events.

Gangnam-gu has a street named after an Iranian city Teheran. Many IT companies are located there. Despite the large number of lanes, traffic jam has been an issue.

Seoul has recently commenced a large urban development project in Yongsan-gu, which will take away some load and functionality from the Teheran street. The highest landmark building will be called "Triple One". The project has been delayed by the resident compensation issues

KIMS BRIDGE Consulting, Seoul Korea

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