A City of the Future. And Part of Korea's Future.
New Songdo City is a symbol-a symbol of Korea's role as a major force in today's global economy. As Asia's fourth-largest economy, and the 10th largest economy in the world, Korea is proud to introduce New Songdo City as the newest financial and logistics hub for Northeast Asia. Designated as a Free Economic Zone, New Songdo City will be a highly desirable destination for businesses around the world, as well as an influential new center of trade between the United States, Europe and Asia.
As a "newly industrialized economy," Korea is working to share development experience learned from its transformation to a "knowledge economy." These lessons include embracing good economic policies, adopting a high-growth development agenda, enhancing the labor force and increasing social capital through increased education, and addressing agricultural development and rural equity. (Source: World Bank)
Download the "Dynamic Korea" booklet here.
Korea stands at the strategic center of Northeast Asia and has the technological and human resources needed to take the best advantage of the tremendous expansion of Northeast China. Modern Korea is one of the most successful countries in the world and is poised to leverage its strengths to become one of the major economies of the new century:
- Uses the best current business standards
- Market leaders in Biotechnology and Information Technology, amongst other technology fields
- Adult literacy rate is very close to 100%
- Largest percentage of college graduates and PhDs in the world
- Advantageous geographical position at the center of Northeast Asia
- Strongest information technology network in the world
- Foreign ownership of land is possible