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Seoul's Chang-dong Area to Be Reborn as 'K-Entertown' Next Year Seoul Arena, a 28,000-Seat Venue... To Become a 'K-Pop Holy Land' Real-time Broadcasting Even Outside the Building... Chang-dong Transformed into a Performance Venue [Anchor] The Chang-dong area in Seoul is set to be reborn as a hub for the culture and arts industry, centered around the 'Seoul Arena,' which is set to become a holy land for K-pop. A whopping 2.7 trillion won is being invested in this model, which aims to drive regional economic development through cultural performances. Reporter Lee Hyung-won reports. [Reporter] This is the Chang-dong area in Seoul, which is set to transform into a 'K-Entertown.' It is a model designed to develop the local economy by linking cultural and artistic performances with commercial facilities. At the heart of this is the 'Seoul Arena,' which is set to open next year. As a multi-purpose venue with a capacity of 28,000 seats, it is expected to emerge as a 'K-Pop Holy Land.' In particular, the plan is to transform the entire Chang-dong area into a single performance venue by introducing a live broadcasting system that shares performances in real-time, even outside the building. [Oh Se-hoon / Mayor of Seoul: The current completion rate is 59%, and the historic first performance could be held here by next May. (Chang-dong) will become the starting point of urban competitiveness that breathes vitality into Gangbuk.] The key point is to connect these cultural performances with local industries and jobs. To this end, the plan is to encourage visitor spending by establishing commercial facilities specialized in our culture, such as merchandise, fashion, and beauty products. In addition, accommodation facilities will be expanded, and cultural and artistic themed streets will be developed so that the area itself can become a tourist course. Plans are also being pursued to designate the Chang-dong area as a 'Culture and Tourism Special Development Promotion District' next year. This would allow for the provision of various incentives, such as tax breaks and relaxed floor area ratios, thereby enabling the revitalization of private investment. [Kim Chang-gyu / Head of the Balanced Development Headquarters of the Seoul Metropolitan Government: We plan and execute measures to ensure that this area is revitalized not only through performances but also through the cultural industry and tourism...] .] The Seoul Metropolitan Government has invested 2 trillion won so far in the creation of this 'K-Entertainment Town,' and the total project cost is estimated to reach 2.7 trillion won. This is Lee Hyung-won from YTN. Video Reporter: Jung Hee-in Video Editor: Lee Eun-kyung YTN Lee Hyung-won ([email protected]) ※ 'Your Tip Becomes News' [KakaoTalk] Search for YTN and add the channel [Phone] 02-398-8585 [Email] [email protected] ▶ Original Article: https://www.ytn.co.kr/_ln/0115_202604... ▶ Send a Tip: https://mj.ytn.co.kr/mj/mj_write.php ▣ Subscribe to YTN YouTube Channel: http://goo.gl/Ytb5SZ ⓒ YTN Unauthorized reproduction, redistribution, and use of AI data are prohibited.
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