Skip to Navigation | Skip to Content



Breaking News - East Asia and Pacific

Bookmark and Share Send to friend Discuss on CityscapeConnect.com RSS Feed   All RSS feeds

No new city for South Korea

29 Jun 2010

No new city for South Korea
South Korea's plan to build a new city that would serve as an education, business and science hub has been rejected.

According to an AFP report in the Straits Times, the decision is a potential blow to president Lee Myung-Bak, whose predecessor Roh Moo-Hyun secured approval from parliament back in 2003 to relocate the capital and move it from Seoul to Sejong City.

The outcome of the vote, which was 164-105 to reject the new development, means that this earlier plan has now been revived. It could see nine ministries and four government agencies moved to Sejong.

However, Mr Lee then went on to announce his intention to create the proposed hub in the city, with incentives such as tax cuts, cheaper land and state subsidies, the newspaper added.

But this is said to have sparked protests from opposition groups and the rebel faction of Mr Lee's Grand National Party, which originally teamed up with rival Park Geun-Hye to stop the initial plan.

Reporting on the case, the Wall Street Journal noted that moving the capital would relieve density in Seoul, which is home to around 25 million people.
ADNFCR-1127-ID-19863103-ADNFCR

Login


forgotten password

Find A Company

Weekly Email News Round-up

Related news by topic

Maintenance contract awarded for 412 mosques in Abu Dhabi and Baniyas region
08 Sep 2010 MAF Dalkia has announced that it has signed a contract with Musanada, the facilities management and ...

Read more »

Anuj Puri talks about ethical practices in Real Estate
06 Sep 2010 Anuj Puri, Chairman and Country Head, Jones Lang LaSalle India We keep talking of ethical real esta...

Read more »

Drake & Scull subsidiary awarded project worth AED 140 million
06 Sep 2010 A labour camp set to house 5,000 workers will be built by Gulf Technical Construction Company (GTCC)...

Read more »