Spreading Out: South Korea's Ambitious Plan for a New Financial Hub South Korea's economy has been growing rapidly, but its population growth has put immense pressure on its largest city, Seoul.
With over half of the country's residents packed into the metropolitan area, the government is exploring solutions to alleviate overcrowding.
One proposal gaining traction involves creating a new financial hub outside of Seoul. The chosen location for this hub is Jeonbuk, a province approximately 200km south of the capital.