Co-development of the capital region and local areas is the development strategy of Korea.
A substantial decentralization of population in the capital region and building a foundation for self-sufficient regional development will be realized through the relocation project!
In the process of growth during the past 4 decades, Korea carried out an imbalanced development strategy centering around the capital region. As a result, Korea is suffering from the polarization between urban and rural areas causing high population concentration in the capital region while leaving local areas with stagnation.
Change of Population Concentration Ration in the Capital Region
Concentration Ratio of Economy and Central Administrative Agencies in the Capital Region
More active development policies for capital region and local areas are required in order to achieve a qualitative capital region development and self-sufficient regional development.
The relocation of public agencies outside the capital region will promote region-specific development and facilitate regional economic development combined with the construction of innovation city.
The national spatial reorganization of central functions will form the basis to achieve a quantum leap in growth again through the Multi-Functional Administrative town, Innovation city construction projects as well as Comprehensive Capital Region Development Plan.
Strengthen Regional Competitiveness in order Cope with Globalization and Knowledge-Based Development