SEOUL- is the capital and largest metropolis of the Republic of Korea (commonly

known as South Korea), forming the heart of the Seoul Capital Area, which includes the
surrounding Incheon metropolis and Gyeonggi province, the world’s 16th largest city. It
is one of Asia's rising global cities, and it has seen enormous changes in politics,
industry, and culture over the last five decades. It is home to over half of all South
Koreans along with 678,102 international residents. Seoul is regarded as a leading and
rising global city as a result of the Miracle on the Han River, which transformed it into
the world's fourth largest metropolitan economy with a GDP of US$845.9 billion in 2014,
trailing only Tokyo, New York City, and Los Angeles. Seoul is the world's most wired city
and ranked first in technology readiness by PwC's Cities of Opportunity report. It is
served by the KTX high-speed rail and the Seoul Subway, providing 4G LTE, WiFi and
DMB inside subway cars.

https://cities.new7wonders.com/wonders/seoul/#:~:text=Today%2C%20Seoul%20is
%20considered%20a,York%20City%20and%20Los%20Angeles.

There are seven (7) fundamental hypotheses about

Global City as perceived by Prof. Saskia Sassen.
CHOOSE TWO (2) hypotheses and explain WHY
do you think that hypothesis is TRUE or FALSE
when applied in your chosen city.

(3) Those specialized service firms engaged in the most complex and globalized
markets are subject to agglomeration economies. W ith a great concentration of
information and professional manpower, Seoul will remain the center of
international affairs in the nation. This chapter traces South Korea's compressed
economic growth and the related pattern of spatial development. It also focuses on
the development of Seoul's global functions in the process of industrialization. A
global city is defined as a city whose "environment" provides global competitiveness
for its residents and firms.
(5) These specialized service firms need to provide a global service which has meant a
global network of affiliates ... and a strengthening of cross border city-to-city
transactions and networks. It is true when applied in my chosen city, because recently,
many cities in North-East Asia and the Asia-Pacific region have been initiating regional
cooperation on a city-to-city basis. Some of the medium-sized cities actively engaged in
such efforts include Kobe, Kitakyushu, and Niigata in Japan, Khabarovsk, Sakhalin, and
Irkutsk in the Commonwealth of Independent States (CIS), Jilin, Dalian, and Hunchun in
China. As intraregional cooperation progresses, many South Korean cities, including
Pusan, Pohang, Ulsan, and Incheon, will resume international functions. There are six
cities in South Korea with a population over 1 million. Some of these cities, currently
active on a regional basis, will grow into taking global roles in future as the globalization
trend advances.

What is gentrification? Are there displaced persons or community in the city you've
chosen? Read this article entitled: Do cities widen the gap between the rich and the
poor; via https://www.weforum.org/agenda/2014/07/cities-urbanization-rich-poor-
inequality/

Gentrification is the process of changing the character of a neighborhood by attracting

more prosperous residents and businesses. It is a frequent and contentious topic in
urban politics and planning. It is the transformation of a low-value city neighborhood into
a high-value neighborhood. Gentrification is also regarded as an urban development
process in which a neighborhood or portion of a city develops rapidly in a short period of
time, frequently as a result of urban-renewal programs.