Fed up with the congestion of Seoul, President Roh Moo Hyun has designated a rural area as the site for the future 500,000 person capital.
Many people in Seoul can list the problems with their sprawling city of 10 million: pollution, traffic, exaggerated housing prices. One of them, President Roh Moo Hyun, has given up on the city entirely. His Committee on Relocation selected rural Yeongi County, sixty miles to the south, as the next home to the world's 12th-largest economy. Designed for a half-million residents, construction could begin on the unnamed city in 2007, cost $40 billion, and be finished around 2030. Many Koreans are wondering what will happen should the peninsula ever be unified, an event many believe will happen well before the 2030 completion.
Thanks to Jeffrey Goodman
Read the full story: Plan would move capital of South Korea out of Seoul
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