Friday, October 19, 2012

Songdo on the world map (Green Climate Fund)

It's official now: Songdo won over Bonn in the final contest to host the secretariat of the Green Climate Fund (GCF - GCFund.net), the initiative created after the United Nations Framework Convention on Climate Change (UNFCCC).

Fantastic news for Songdo, Incheon, and Korea:
- A breakthrough for Songdo: beyond the business generated by the institution itself, the decision helps the New Town reach a new dimension, consistent with the project's initial ambitions (international player, eco-friendly). Investors who hesitated will come.
- A confirmation for Incheon: 10 years after the inauguration of ICN, more than ever a major Asian city with a worldwide reach
- A bonus for Korea: the country didn't need it (this week: a seat at the UN Security Council, ranked 8th worldwide for business climate), and it's capital city didn't need it (already in the World's top 10 capital cities). Korea as an "umbrella brand" can leverage on very competitive cities at the international level, and a growing number of new cities are making the news for good and various reasons (culture, sports, business...).

Seoul Village 2012
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20121022 UPDATE: Incheon city celebration banner

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