seoul5321 by Jake Davis
Today, Seoul is considered a leading and rapidly rising global city, resulting from an economic boom and growth known as the Miracle on the Han River which transformed it from the ashes of the Korean War to the world’s fourth largest metropolitan economy with a GDP of US$773.9 billion in 2012 after Tokyo, New York City and Los Angeles. A world leading technology hub, it boasts the world’s sixth largest number of Fortune Global 500 multinationals such as Samsung, the world’s largest technology company, as well as LG and Hyundai-Kia. Gangnam District forms the commercial center along with Central District and the financial center, Yeoui Island and technology hub Digital Media City. Ranked sixth in the Global Power City Index, the metropolis exerts a major influence among global affairs as one of the five leading hosts of global conferences. In 2012, the United Nations rated Seoul’s quality of life higher than New York City, London or Melbourne but slightly lower than Tokyo and Paris.