Korea, South Real Estate
Information about Korea, South
South Korea, officially the Republic of Korea (ROK) and often referred to as Korea, is a country in East Asia, located on the southern half of the Korean Peninsula. Also known as the "Land of the Morning Calm", it is neighbored by China to the west and Japan to the east, bordering North Korea to the north. Its capital is Seoul, the second largest metropolitan city in the worldand a major global city. South Korea lies in a temperate climate region with... a predominantly mountainous terrain. Its territory covers a total area of 100,032 square kilometers and has a population of over 48 million, making it one of the most densely populated regions in the world.
South Korea is a developed country with high living standards and is a full democracy. It is a High-income OECD member, having the fourth largest economy in Asia and the 15th largest in the world. South Korea is the world leader in innovation among major economies and a leader in technologically advanced goods such as electronics, automobiles, ships, machinery, petrochemicals and robotics, headed by Samsung, LG and Hyundai-Kia. It is a member of the United Nations, WTO, OECD and G-20 major economies. It is also a founding member of APEC and the East Asia Summit, and a major non-NATO ally of the United States. In the 21st century, there has been increased interest in Korean culture throughout the world, also known as the Korean Wave.
Seoul is the capital and largest city of South Korea. With a population of over 10 million, it is one of the world's largest cities. The Seoul National Capital Area, which includes the major port city of Incheon and most of Gyeonggi-do, has 24.5 million inhabitants, and is the world's second largest metropolitan area. Almost half of South Korea's population live in the Seoul National Capital Area, and nearly a quarter in Seoul itself, making it the country's foremost economic, political, and cultural center. Seoul's influence in business, international trade, politics, technology, education and entertainment all contribute to its role as a leading global city. Seoul has one of the world's most technologically advanced infrastructuresand is often called the "Tech capital of the world". The Digital Media City in Mapo is the world's first complex for high-tech technologies and a test-bed for futuristic IT and multimedia applications. Today, Seoul is the only city in the world featuring DMB, a digital mobile TV technology and WiBro, a wireless high-speed mobile internet service, as well as a 100Mbits fibre-optic broadband network, which is being upgraded to 1Gbps by 2012. Seoul Station houses 350 km/h KTX high-speed rail and the Seoul Subway is the third largest in the world, with over 2 billion passengers every year. Seoul is connected to Incheon International Airport via AREX, which has been consecutively rated as the world's best airport by ACI since 2005.
Busan Metropolitan City, also known as Pusan is the largest port city in South Korea. Busan has a population of 3.65 million and is South Korea's second largest metropolis, after Seoul. The city is located on the Southeasternmost tip of the Korean Peninsula and faces the Korea Strait. The most densely built up areas of the city are situated in a number of narrow valleys between the Nakdong River and Suyeong River, with mountains separating some of the districts. Administratively, it is designated as a Metropolitan City. The Busan metropolitan area is divided into 15 major administrative districts and a single county. Busan was the host city of the 2002 Asian Games and APEC 2005 Korea. It was also one of the host cities for the 2002 FIFA World Cup, and is a center for international conventions in Korea. On November 14, 2005, the city officially announced its bid to host the 2020 Summer Olympics Games.
Daegu, officially called the Daegu Metropolitan City, is the fourth largest city in South Korea after Seoul, Busan, and Incheon. The city is often considered to be the third city of South Korea because Seoul and Incheon forms one metropolitan area, Seoul National Capital Area. The location of the city is Korea's south-east near the Nakdong River and the Geumho River of the Gyeongsang (Yeongnam) region. The Daegu basin where the city is in, is the middle part and the rare plain of the Gyeongsang region. It makes the city the center of business and culture of that region. The city forms its metropolitan area with some cities in Gyeongsangbuk-do (province), which surrounds the city. The city is also the capital of that province, although it is not legally part of that province. As with South Korea's other metropolitan cities, Daegu's government reports directly to the national government.
Incheon is a metropolitan city and a major seaport on the west coast of South Korea, near Seoul. It will be the host city of the 2014 Asian Games. Human settlement at the location goes back to the Neolithic. In modern times Incheon became important because its location on an estuary made it a good harbor; when the port was founded in 1883, the city, called Chemulpo at the time had a population of only 4,700. Incheon is now home to over 2.5 million people, is South Korea's third largest metropolis, and is also under the control of one of the two free economic zone authorities in Korea, aimed at attracting foreign investment; the city aims to turn itself into a financial and corporate hub along with the Busan-Jinhae Free Economic Zone Authority.
Gwangju Metropolitan City is the sixth largest city in South Korea. It is a designated metropolitan city under the direct control of the central government's Home Minister. The city was also the capital of South Jeolla Province until the provincial office moved to the southern village of Namak in Muan County in 2005.
North Korean won (KPW)
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