New Songdo City is a planned international business center to be developed on 1,500 acres (6 km²) of reclaimed land along Incheon's waterfront, 40 miles (65 km) west of Seoul, South Korea (...). Architectural hallmarks from around the world, including New York's Central Park and Venice's canals, are to be incorporated into the city. English is planned to be the lingua franca.This 10-year development project is estimated to cost in excess of $40 billion, making it the largest private development project ever undertaken anywhere in the history of the world. The project aspires to make the city and South Korea the preeminent business hub of Asia.
When completed in 2015, the city's infrastructure will be a test bed for new technologies, and the city itself will exemplify a digital way of life. "It will be one of the world's first cities in which all information systems - residential, medical, business - are linked."
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New Songdo City
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