Jung Wono: "Post-Administrative Capital Seoul to Become Economic and Cultural Hub... A Gateway for Global Capital and Talent"

Plans for Seoul’s Role as Economic and Cultural Capital after Relocation of Administrative Functions
"Designating Yongsan International Business District as a Special Zone... Attracting Global Companies"
"Not Concentration in Seoul, but Nationwi

Jung Wono, the Democratic Party candidate for Seoul mayor, declared that he aims to establish Seoul as the economic and cultural capital in the post-administrative capital era. He also presented a vision in which Seoul would serve as the gateway to Korea, spreading capital, businesses, and talent throughout the country.

At an invitation meeting hosted by the Seoul Foreign Correspondents' Club (SFCC) at the Seoul Press Center on this day, Jung introduced his ideas regarding Seoul's development in the era of local autonomy. When asked about attracting global companies, he responded, "Tax and visa issues must be resolved through special zone legislation," adding, "We need to create a special zone in Seoul." He further stated, "Yongsan International Business District should be designated as a special zone," and emphasized, "Since the Seoul mayor participates in Cabinet meetings, as a ruling party mayor, I will resolve these issues through close consultations with the government."

Jung Wono, the Democratic Party candidate for Seoul mayor, is speaking at the Seoul Foreign Correspondents' Club invitation meeting held on the 16th at the Press Center in Jung-gu, Seoul. Photo by Yonhap News

Regarding the interpretation that his vision might differ from the government's approach to decentralization, Jung stressed that the vision for Seoul in the absence of its administrative capital status should be to serve as the economic and cultural capital. He said, "Seoul has been criticized for being a 'black hole' that absorbs everything in Korea, but now Seoul is the gateway to the country," and added, "Capital and companies from abroad will come to Seoul and then spread throughout the nation."

On the government's efforts to relocate administrative functions, he stated, "If the administrative sector moves, Seoul will play the role of economic and cultural capital, and by strengthening these economic and cultural aspects, it will continue to function not only as Korea's capital but also as Asia's economic and cultural hub." He added, "This means that capital, companies, and talent from Asia and around the world will enter Korea through Seoul and then spread nationwide."

This content was produced with the assistance of AI translation services.