{"id":1228,"date":"2019-02-13T08:41:35","date_gmt":"2019-02-13T08:41:35","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1228"},"modified":"2021-06-04T14:05:01","modified_gmt":"2021-06-04T07:05:01","slug":"south-korea-to-export-smart-cities-around-the-world","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/south-korea-to-export-smart-cities-around-the-world\/","title":{"rendered":"South Korea to \u2018export\u2019 smart cities around the world"},"content":{"rendered":"<p><strong>Multi-billion-dollar project to build test beds for smart cities from the ground up<\/strong><\/p>\n<figure id=\"attachment_1229\" aria-describedby=\"caption-attachment-1229\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1229\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/Multi-billion-dollar-project-to-build-test-beds-for-smart-cities-from-the-ground-up.jpg\" alt=\"\" width=\"1000\" height=\"668\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Multi-billion-dollar-project-to-build-test-beds-for-smart-cities-from-the-ground-up.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Multi-billion-dollar-project-to-build-test-beds-for-smart-cities-from-the-ground-up-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Multi-billion-dollar-project-to-build-test-beds-for-smart-cities-from-the-ground-up-768x513.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1229\" class=\"wp-caption-text\">Busan, South Korea. Daengpanya Atakorn\/Shutterstock<\/figcaption><\/figure>\n<p>The South Korea government has announced\u00a0plans to build two test smart cities for replication in projects overseas, Yonhap reported via\u00a0<a href=\"http:\/\/www.koreaherald.com\/view.php?ud=20190213000548\" target=\"_blank\" rel=\"noopener noreferrer\">The Korea Herald<\/a>.<\/p>\n<p>These smart cities will be built in Sejong, an administrative town 120 kilometres south of Seoul, and Busan, where President Moon Jae-In attended ceremonies Wednesday unveiling the plans.<\/p>\n<p>&#8220;Once the test cities in Busan and Sejong succeed, the country will push for overseas projects with a leading business model that will offer the entire process of planning, design, construction and management of the city in a single package,&#8221; the president said.<\/p>\n<p>Set for completion by 2021, the test-bed cities will receive KRW3.7 trillion (USD3.3 billion) in funding from the government. They will be built from the ground up as opposed to remodeling or redeveloping existing cities.<\/p>\n<p>The test smart cities will feature the most sophisticated advancements in the field of the Internet of Things (IoT), enabling the collection and constant supply of real-time data that will better inform urban planning and management.<\/p>\n<p>&#8220;Our possibilities and capacities are enough. South Korean smart cities are globally recognised for the country&#8217;s advanced information and communication technology, including the Internet of Things (IoT), and its experience in building many successful new cities,&#8221; the president said.<\/p>\n<p>As a result of automated processes and procedures in the cities, their residents have been\u00a0envisioned to save up to 124 hours a year in time spent for commuting, queues at hospitals, and waiting for administrative tasks.<\/p>\n<p>&#8220;While a smart city is a safe and future-oriented city, it is also a platform for innovative growth of the Republic of Korea,&#8221; Moon added.<\/p>\n<p>&#8220;It is also one of the areas whose global markets are expected to grow at the fastest rate.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multi-billion-dollar project to build test beds for smart cities from the ground up<\/p>\n","protected":false},"author":2,"featured_media":19777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-south-korea","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>South Korea to \u2018export\u2019 smart cities around the world | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/south-korea-to-export-smart-cities-around-the-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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