Seoul was one of the host cities for the official tournament of the 2002 FIFA World Cup, which was co-hosted by South Korea and Japan.
In 2020, Seoul's real estate market was ranked 3rd in the world for the price of apartments in the downtown center.
In 2017, the cost of living in Seoul was ranked the 6th highest globally. In 2015, it was rated Asia's most livable city with the second highest quality of life globally by Arcadis, with the GDP per capita (PPP) in Seoul being around $40,000. International visitors generally reach Seoul via AREX from the Incheon International Airport, notable for having been rated the best airport for nine consecutive years (2005–2013) by the Airports Council International. Considered to be a global city and rated as an Alpha - City by GaWC, Seoul was the world's 4th largest metropolitan economy in 2014 after Tokyo, New York City and Los Angeles. Seoul has a population of 9.7 million people, and forms the heart of the Seoul Capital Area with the surrounding Incheon metropolis and Gyeonggi province. 'Capital'), officially the Seoul Special City, is the capital and largest metropolis of South Korea. We are also experienced in mobilizing financial resources and managing loans for infrastructure projects," Kim said, as reported by Antara.Seoul ( / s oʊ l/, like soul Korean: 서울 ( listen) lit. "South Korea is known for speed and efficiency. To support the development of Indonesia's new capital city, South Korea has offered cooperation in three priority areas, namely design, water management, as well as integrated mass transportation and housing. If the plan is ready, there will be many offers from Indonesia to its partners to contribute to development, in terms of housing, roads and railways," Kim said. "We don't have a (investment) plan so far, since basically Indonesia's plans are extraordinary. However, the MoU signed by the two countries is expected to encourage cooperation between the government and the private sector (PPP) for the development of a new capital city. So far, the South Korean side has not prepared physical investment cooperation, considering that the development process of the new capital city of Indonesia is still at a very early stage. "From that experience, we want to share with Indonesia not only about best practices (in moving the capital), but also from the mistakes we made," Ambassador Kim said. Since 2012, the South Korean government has relocated many ministries and institutions to Sejong, but many are still in other cities, especially Seoul where the National Assembly, President's Office, and many important government bodies remain. Located 120 kilometers from Seoul, Sejong was established in 2007 in northern Chungcheong Province to reduce congestion in the current capital and encourage investment in the central part of the country. However, instead of completely relocating the country's capital as planned by Indonesia, South Korea built an administrative center called the Sejong City. South Korea is a country that has a similar experience in relocating the its capital city.
"With the signing of the MoU between the two governments, South Korea plans to provide various information and experiences for developing a capital city that is smart, green, inclusive, and sustainable," said South Korean Ambassador to Indonesia Kim Chang-beom in Jakarta on Tuesday. In the bilateral meeting held on the sidelines of the ASEAN-South Korea summit, President Jokowi expressed his desire that South Korean entrepreneurs join in investing in the new capital of Indonesia. The new capital city will be located in East Kalimantan. South Korea Agrees to Assist in Developing Indonesia's New Capital City (akurat)īUSAN, NETRALNEWS.COM - Through a memorandum of understanding (MoU) on technical cooperation signed at a bilateral meeting of South Korean President Moon Jae-in and Indonesian President Joko 'Jokowi' Widodo in Busan last November, South Korea confirmed its readiness to assist in the development of the new capital of Indonesia.
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