By Feature Editor Kim Hyung-dae
Seongnam City will cooperate with DMCC (Dubai Multi Communities Center), which is considered the center of industrial trade and transactions in the United Arab Emirates (UAE), to support digital and metaverse-related companies to enter the Middle East.
On March 13, Mayor Shin Sang-jin of Seongnam City and Chairman Ahmed Bin Sulayem of DMCC signed a "business agreement for mutual cooperation in the digital and metaverse industries."
Under the agreement, Seongnam City and the UAE DMCC will seek active measures to invest in companies with potential global innovation and enter Dubai.
Both sides will look for ways to cooperate with promising companies and startups in Seongnam City, seek active support for companies related to the innovative industry, game industry, and content industry in Seongnam City, which are willing to enter the DMCC,v explore concrete measures to create a Metaverse Special City in Seongnam.
Through this, companies based on the Seongnam Pangyo Game and Contents Special Zone, Pangyo Techno Valley, and high-tech valley companies will lay the groundwork for marketing activities and export expansion to the Middle East.
Mayor Shin Sang-jin said, "The top goal is to support international trade of companies in Seongnam and help them grow and develop."
He also said, "DMCC and Seongnam City's representative industrialists will be able to further expand opportunities to enter domestic and international markets through various cooperation and exchanges."
DMCC is a Dubai free trade zone established in 2002 in the Mayra Ake Tower district of Dubai, and is the center of trade in goods such as gold, diamonds, energy, steel, and coffee.
Currently, more than 65,000 workers from 21,000 companies in 180 countries are working.
Seongnam City is the fourth largest city in South Korea's Gyeonggi Province after Suwon and the 10th largest city in the country. Its population is approximately one million.
Seongnam is a satellite city of Seoul. It is largely a residential city located immediately southeast of Seoul and belongs to the Seoul Capital Area.
Seongnam, the first planned city in Korea's history, was conceived during the era of President Park Chung-Hee for the purpose of industrializing the nation by concentrating electronic, textile, and petrochemical facilities there during the 1970s and 1980s.
The city featured a network of roads, to Seoul and other major cities, from the early 1970s on. Today, Seongnam has merged with the metropolitan network of Seoul. Bundang, one of the districts in Seongnam, was developed in the 1990s.
To accelerate the dispersion of Seoul's population to its suburbs and relieve the congested Seoul metropolitan area, the Korean government has provided stimulus packages to large public corporations and private companies to be headquartered in the Bundang district. Bundang-gu is now home to prominent companies such as KT (formerly Korea Telecom).
In recent years, a movement to have Seongnam designated a metropolitan city capable of governing itself has arisen.
The city is also home to K League football club Seongnam FC, has a number of good libraries.
They include: Sujeong Public Library, Seongnam Jungwon Library, Seongnam Gumi Library, Seongnam Bundang Library
Unjoong Library, Central Library (Seongnam), Pangyo Library, Jungwon Children's Library, and Haeoreum Library
Tourism and culture:
The Seongnam Arts Center includes three theaters: the opera house, concert hall, and ensemble theater. It also includes the main arts hall and the cube arts hall, an academy, musical fountains, outdoor recreation facilities, and leisure facilities.
Songnam also has Namhansanseong fortress, the Pangyo Eco Center, the Pangyo Museum, and the Bundang Central Park.
Seongnam also sister cities, as follows:
United States Aurora, United States (1992)
Brazil Piracicaba, Brazil (1986)
China Shenyang, China (1998).
There also are many notable people from Seongnam, who include Actresses Lee Yo-won, and Lee Yeon-hee.