Seoul, South Korea
About Seoul, South Korea
Seoul is the capital city of the Republic of
Korea as well as a business hub for the Northeast Asian
A focal point of industry in Korea, the city is located
between China and Japan, the two largest country markets in
With an economic development plan launched in the 1960s as
its starting point, Seoul has played a crucial role in the
remarkable growth of the Korean economy and advanced rapidly in
a number of areas.
Today, Seoul boasts a strong financial base, highly
efficient logistics, and unparalleled competitiveness in the
high-tech IT industry and knowledge industries.
Although Seoul accounts for only 0.6 percent of the entire
country's land area, it generates 21 percent of Korea's GDP,
while 50 percent of Korea's financial assets are concentrated
In addition, over 43 percent of high-tech venture firms are
based in Seoul, attracting great interest and capital from
As a base for logistics and the global consumer market,
Seoul offers a strong transportation network consisting of
airports, a high-speed railway, expressways and port
By air, Seoul provides access to the entire Northeast Asian
market - whose 1.8 billion consumers represent 22 percent of
global GDP - in under three and a half hours.
The transcontinental railroad that will be linked with Korea
in the future will provide access to China, Russia, and as far
At Incheon International Airport, which is located near
Seoul, about 50 airlines provide regular flights to more than
130 destinations worldwide. Nearly one-third of the
universities in Korea are located in Seoul, which ensures that
quality human resources are easily available.
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