New Century Cities in Seoul

14 10 2009


The Massachusetts Institute of Technology working in cooperation with the Urban Land Institute and the Seoul Development Institute, and with the support and sponsorship of the Seoul Metropolitan Government, Sung Kyun Kwan University and Seoul Business Agency, present:

“New Century City” Development Conference and Workshop
Seoul, Korea
November 9, 10, 11, 2009

Venue: Seoul Digital Media City

For registration and hotel information contact
There is no fee for conference or workshop attendance.


A new class of large-scale real estate development projects are emerging around the world that seek to achieve multiple public and private outcomes.  MIT has called these projects “New Century City” projects.  These projects require multiple actors from industry, government and institutions to converge their actions in the service of creating a new economic cluster in their host city or region. These projects seek to develop the human and social capital that will make these economic sectors competitive in the globalized economy. These projects use the real estate development process as a mechanism to achieve a broader economic development outcome.

New Century City projects are the test-beds of emerging ideas about city design, urban planning, public-private partnerships and infrastructure delivery.  The projects typically include:

  • Facilities for living and working that anticipate emerging life styles and market preferences;
  • social-capital partnerships with institutions — often with universities — which facilitate business attraction and incubation;
  • digital media and information systems as a mechanism for “community building”;
  • strategies for efficient management of urban services;
  • aggressive environmental sustainability measures.