Korean Talks
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Finanace

Seoul launches $65 bil. plan targeting global top 3 city status by 2030

Seoul will invest 86.1 trillion won ($65 billion) through June 2030 in 100 projects aimed at placing the Korean capital among the world’s top three cities, with a focus on enhancing the quality of residents’ daily lives. Mayor Oh Se-hoon unveiled the G3 Seoul Plan at Seoul City Hall on Thursday, presenting it as his administration’s overarching agenda for responding to the rise of artificial intelligence (AI), demographic shifts and intensifying competition for global talent. Of the total, 53.7 trillion won will come from the Seoul Metropolitan Government, while the central government will cover 9.2 trillion won, while private companies and other sources will contribute 23.2 trillion won. Under the vision of “Global Top Seoul, a city of exceptional quality of life,” officials said they will measure global competitiveness not only through economic and industrial indicators, but also through changes residents can experience in their everyday lives, including housing, health care, safety, education and transportation. One of the key elements of the initiative is the city’s push

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