The economy of South Korea is a highly developed mixed economy. By nominal GDP, the economy was worth ₩2.24 quadrillion. It has the 4th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few generations. This economic growth has been described as the Miracle on the Han River, which has allowed it to join the OECD and the G20. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century.
A central business district (CBD) is the commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city center" or "downtown". However, these concepts are not necessarily synonymous: many cities have a central business district located away from its commercial and/or cultural center and/or downtown/city center, and there may be multiple CBDs within a single urban area. The CBD will often be highly accessible and have a large variety and concentration of specialized goods and services compared to other parts of the city.
Munhwa Broadcasting Corporation is one of the leading South Korean television and radio broadcasters. Munhwa is the Sino-Korean word for "culture". Its flagship terrestrial television station MBC TV broadcasts as channel 11.
Beer, called maekju in Korean, was first introduced to Korea in the early 20th century. Seoul's first brewery opened in 1908. Two current major breweries date back to the 1930s. The third brewery established in Korea, Jinro Coors Brewery, was founded in the 1990s. It was later acquired by Oriental Breweries (OB). Hite Breweries's former name was Chosun Breweries, which was established in 1933. The company changed its name to Hite Breweries in 1998. OB Breweries established as Showa Kirin Breweries in 1933. The company changed its name to OB Breweries in 1995.
Gangnam District is one of the 25 districts of Seoul, South Korea. The term Gangnam translates to "South of the [Han] River". Gangnam District is the third largest district in Seoul, with an area of 39.5 km2 (15.3 sq mi). As of the 2017 census, Gangnam District had a population of 561,052. There is a high concentration of wealth in the district, with prices for an apartment as of 2020 nearly double those in the rest of Seoul. Gangnam District is part of Gangnam School District Eight, along with the Seocho District. This district shares half of Gangnam-daero Gangnam Station area with Seocho District, which is one of the most crowded places in South Korea.
Yeongdeungpo District is an administrative district in southwest Seoul, South Korea. Although the origin of the name is uncertain, the first two syllables are thought to be from "yeongdeung" (靈登) or "divine ascent", a shamanic rite. The third syllable is "po", representing the bank of a river (浦), referring to the district's position on the Han River. The 2006 population was 408,819.
Yeouido is a large island on the Han River in Seoul, South Korea. It is Seoul's main finance and investment banking district. It is 8.4 square kilometres (3.2 sq mi) large and has a population of 32,674 as of August 2023.
Seocho District is one of the 25 local government districts which make up the city of Seoul, South Korea. Seocho is a part of the Gangnam region, along with the Gangnam district of Seoul. Seocho District ranks as one of the richest neighborhoods in South Korea and among the most expensive areas in Seoul with an average sales price of 47.75 million South Korean won per 3.3 square meters. Many of the wealthiest residents are concentrated in the three Gangnam districts including Seocho, known as Gangnam School District Eight.
Express Bus Terminal Station is a station on the Seoul Subway Line 3, Line 7, and Line 9. The stations are located in the Greater Gangnam Area, Banpo-dong, Seocho District, Seoul, Korea.
International Finance Center Seoul (Korean: 서울국제금융센터), commonly known as IFC Seoul, is a mixed-use integrated commercial development in Seoul, South Korea. It is located in Yeouido-dong, Yeongdeungpo-gu, Seoul, South Korea. The IFC project is one of the first large-scale developments in Korea, led by an international consortium. It was officially launched in 2005, and is part of Seoul Metropolitan Government's plan to rejuvenate the Yeouido area as a regional financial hub.
Cheongdam-dong (Korean: 청담동) is a ward of Gangnam District in Seoul, South Korea. The area is best known in South Korea as an affluent neighborhood populated by a disproportionately high number of high-income individuals and for having some of the most expensive real estate in the country. It is known as an upmarket shopping area, with the main shopping street dubbed Cheongdam Fashion Street. Along with Apgujeong's Rodeo Street in Apgujeong-dong and Garosu-gil in Sinsa-dong, which are connected by the main Apgujeong-ro, they are seen as fashionable and trendsetting destinations.
Samseong-Dong is an affluent neighborhood or ward of Gangnam-gu in Seoul, South Korea.
Banpo-dong is a dong, neighborhood of Seocho-gu, the greater Gangnam area in Seoul, South Korea. Banpo-dong is divided into five different dong which are Banpobon-dong, Banpo 1-dong, 2-dong, 3-dong and 4-dong.
Yeoui-dong is a dong (neighborhood) of Yeongdeungpo-gu in Seoul, South Korea.
Seoul, the capital of South Korea, has many shopping areas and markets throughout the city. Famous ones include Myeong-dong, Cheongdam-dong, the Hongdae area, and the Dongdaemun and Namdaemun markets.
Seoul, officially Seoul Special City, and formerly known as Hanseong and Keijō, is the capital of the Republic of Korea (ROK), commonly known as South Korea, and the country's most extensive urban center. The broader Seoul Capital Area, encompassing Gyeonggi province and Incheon metropolitan city, emerged as the world's fourth largest metropolitan economy in 2014, trailing only Tokyo, New York City, and Los Angeles, hosting more than half of South Korea's population. Although Seoul's population peaked at slightly over 10 million, it has gradually decreased since 2014, standing at approximately 9.97 million residents as of 2020. Seoul is the seat of the South Korean government.
Samsung Group is a South Korean multinational manufacturing conglomerate headquartered in Samsung Digital City, Suwon, South Korea. It comprises numerous affiliated businesses, most of them united under the Samsung brand, and is the largest South Korean chaebol. As of 2020, Samsung has the eighth-highest global brand value.
Retailing in South Korea consists of hypermarkets, department stores, flea markets, traditional markets, and underground shopping malls. Hypermarkets sell dry goods and groceries, similar to Western supercentres. Traditional markets are also popular throughout South Korea.
Gangnam, sometimes referred to as the Greater Gangnam Area, is a geographic and cultural region in Seoul. While Gangnam can refer to the entire region of Seoul south of the Han River, the region is generally defined as consisting of the city's affluent Gangnam, Seocho and Songpa districts. Other definitions define Gangnam by the boundaries of the Gangnam Eighth School District or by the commercial zones around Gangnam Highway, Yangjae Station, Sinsa Station, Nonhyeon Station, Sinnonhyeon Station and Gangnam station. These definitions exclude the Songpa District, which has been argued to be culturally and administratively distinct from the Gangnam and Seocho districts.
The Downtown Seoul, also known as Seoul Central Business District or Sadaemun-An is traditional city center and central business district of Seoul, located through Gwanghwamun of Jongno District and Seoul Station of Jung District along the Sejong-daero and Jong-ro. For its time-honored and unique geographic status in Seoul, the Downtown is usually just called as 'The Central Business District ', or sometimes as 'Gwanghwamun Business District' for outstanding landmark 'Gwanghwamun' at the heart of it.
