Getting Smarter
Property Report|April - May 2019

Although showpiece smart-city, Songdo, is widely viewed as a let down, South Korea is at the leading edge of efforts to pioneer innovation-led urban hubs in Asia

Thomas Maresca
Getting Smarter

For better or worse, South Korea’s Songdo remains one of the best-known smart city projects in the world, a petri dish of great promise and disappointment. Heralded for its, Songdo has at times been a victim of its own hype, criticized as a sterile laboratory that seemed to put humans secondary to a sci-fi vision.

But South Korea is nothing if not fast-moving and forward-thinking, and Songdo, while not forgotten, is increasingly seen as yesterday’s news, the version 1.0 of the smart city initiatives springing up across the country. Staging everything from ambitious test-lab sites to smaller, incremental pilots, South Korea is leveraging the advantages of its innovation-led, tech-driven economy. And while few direct comparisons are publicly made to Songdo, the new projects seem to focus on a more inclusive, people-centric approach, with a strong emphasis on citizen engagement and services.

In a February speech, President Moon Jae-in had his eyes squarely on South Korea’s smart cities of the future, calling them among “the government’s top priorities,” and “the cradle of the Fourth Industrial Revolution.”

In 2018, Moon’s administration singled out Busan and Sejong as South Korea’s showcase smart city projects, with both slated to begin construction later this year and be operational by 2021. Both projects—which will utilize big data, robotics and AI to improve the delivery of public services and address citizen concerns—have a combined total of KRW3.7 trillion (USD3.29 billion) in government and private sector investment.

Sejong’s 5-1 Life Zone focuses on health and mobility. Transportation sharing and autonomous driving go alongside smart traffic lights and crosswalks, while drone delivery of first-aid kits and patient data sharing through video links comprise healthcare advances.

Esta historia es de la edición April - May 2019 de Property Report.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición April - May 2019 de Property Report.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE PROPERTY REPORTVer todo
Singapore Starts To Swings
Property Report

Singapore Starts To Swings

Generous stimulus has saved the Lion City’s economy from disaster, and a percolating post-pandemic boom looks set to send the residential sector into overdrive

time-read
8 minutos  |
August - September 2021
Natural Highs
Property Report

Natural Highs

With people seeking safe ways of re-engaging with the outside world, the pandemic has steered investment in key ski markets back on-piste

time-read
5 minutos  |
August - September 2021
It's In Hua Hin
Property Report

It's In Hua Hin

A long-time favorite of Thai royalty and weekenders travelling from Bangkok, the famous beach town is adding some alluring new strings to its bow

time-read
3 minutos  |
August - September 2021
Blues In The Blood
Property Report

Blues In The Blood

As China’s cities explode, its built heritage is often neglected. Hangzhou-based Bluetown Architects aims to redress that balance through its striking but functional work

time-read
6 minutos  |
August - September 2021
Little Joy Soldiers
Property Report

Little Joy Soldiers

Real estate sales offices are reopening in Yangon, but banking problems, low confidence and oversupply mean a bleak outlook as the army seeks to entrench rule

time-read
4 minutos  |
August - September 2021
Youth Movement
Property Report

Youth Movement

Young members of a storied family shift property development in Cebu forward with a smart, green commercial tower, rising tall above an heirloom estate

time-read
7 minutos  |
August - September 2021
Gift From Above
Property Report

Gift From Above

Source Global is tapping into a renewable source— the sky—to supply drinking water to residential communities and commercial properties in Asia

time-read
6 minutos  |
August - September 2021
Proptech Is Enhancing Efficiency And Human Experience
Property Report

Proptech Is Enhancing Efficiency And Human Experience

The pandemic has forced the real estate industry into a more meaningful embrace with technology after years of flirting with innovation

time-read
8 minutos  |
August - September 2021
Legacy Of Handy, Individualistic Inventions
Property Report

Legacy Of Handy, Individualistic Inventions

The global crisis has caused unprecedented pain, but its extraordinary nature has seen it spawn a legacy of handy, individualistic inventions

time-read
1 min  |
August - September 2021
Wave Of Mutilation
Property Report

Wave Of Mutilation

Lockdown disruption, evolving working conditions and an exodus by offshore gaming operators have sent the vital office space sector in the Philippines into freefall

time-read
7 minutos  |
August - September 2021