RealNews

South Korea Proposes a Capital Change

The traffic is notorious. The air is toxic. Real estate prices are among the most ridiculously inflated in the world. Residents and visitors alike can recite a long litany of complaints about Seoul, a city of 10 million that is as sprawling as Los Angeles and as congested in areas as Mexico City. So the South Korean government has come up with a novel solution: move. This week, an evaluation committee designated a patch of land 70 miles to the south as the likely future capital of South Korea. The idea is that the seat of government would move between 2007 and 2030 — an endeavor estimated to cost at least $40 billion.Full Story

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