Misplaced Pages

#295704

42-840: The island is located in the Yeongdeungpo District of Seoul, and largely corresponds to the precinct of Yeoui-dong . The island contains the National Assembly Building , where the National Assembly of South Korea meets, the Korea Financial Investment Association , the large Yoido Full Gospel Church , the 63 Building , and the headquarters of LG , Korean Broadcasting System , and the Korea Exchange Center. Due mainly to its importance as

84-597: A Fairmont Hotel (due to open in 2021) and a Hyundai Department Store (due to open in 2020 but pushed back to 2021). Hyundai have indicated that they will open an Amazon Go store with the department store, one of the first outside the US. Yeouido is also home to the Korean National Assembly Building which opened in 1975. South Korea's unicameral legislature meets within the building and numerous of buildings and institutions associated with

126-538: A considerable number of workshops which are still in operation. There are several major green spaces within Yeongdeungpo district. Yeouido is home to two of them – Yeouido Han River Park , which is a popular leisure and tourist destination, and Yeouido Park which runs through the center of Yeouido. Yeouido Han River Park hosts several major festivals including the Spring Flower (cherry blossom) Festival,

168-552: A financial district and its central location, Yeouido is home to some of Seoul and South Korea's tallest skyscrapers, including the International Finance Center Seoul , Parc1 Tower , the Federation of Korea Industries Tower , as well as the iconic 63 Building . It was uninhabited until the construction of the peninsula's first airport, Yeouido Airport . As the airport was prone to flooding, it

210-621: A national pasture for sheep and goats according to a 16th-century geographical record. Yeouido remained for the most part an uninhabited sandbar prior to the construction of Korea's first airport in April 1924. The airport served both international, domestic, and military flights, and was also the site of a flight school. The airport was prone to flooding that made it unusable during the summer rainy season. Gimpo International Airport took over Yeouido's commercial flights in 1958, and Seoul Air Base took over its military functions in 1971. Starting in

252-670: A terminal for excursion ferries stands on the Han River shore. There are four colour-coded bus lines that operate in Yeouido: There are 3 bridges between Yeouido and Mapo: Mapo Bridge , Seogang Bridge , and Wonhyo Bridge . Seoul Subway Line 5 and Line 9 intersect at Yeouido Station . Line 5 also stops at Yeouinaru Station . Line 9 also stops at Saetgang Station and National Assembly Station . Yeongdeungpo District Yeongdeungpo District ( Korean :  영등포구 ; RR :  Yeongdeungpo-gu )

294-488: Is a large bus transfer center located in front of the IFC mall. Olympic-daero (also known as Olympic Boulevard) runs alongside the south bank of the Han River and through Yeongdeungpo District. Construction of the road began in 1982 and was completed in 1986. The eight-lane highway is 40.67 km (25.27 mi) long and connects Yeongdeungpo with Incheon and Gimpo international airports as well as Gangnam and Songpa in

336-506: Is an administrative district in southwest Seoul , South Korea. Although the origin of the name is uncertain, the first two syllables are thought to be from " yeongdeung " (靈登) or "divine ascent", a shamanic rite. The third syllable is " po ", representing the bank of a river (浦), referring to the district's position on the Han River . The 2006 population was 408,819. There are 22 administrative dong and 34 legal dong . Yeouido -dong

378-596: Is currently under construction and will connect Saetgang and Daebang in Yeongdeungpo district with stations in Dongjak District and Gwanak District with the final station at Seoul National University . Another line, the Mokdong Line , is also under development with construction due to commence in 2021. The Mokdong Line will connect Dangsan Station with stations in Yangcheon District ,

420-979: Is located immediately adjacent to Yeongdeungpo District office station on Seoul Metro Line 2 . For several decades, Yeouido in Yeongdeungpo district has been considered the financial center of Seoul. This reputation was stimulated by the relocation of the Korean main bourse, the Korea Exchange (KRX), from Myeongdong to Yeouido in 1979. Among the 291 head offices of financial institutions located in Seoul, 93 are based in Yeouido , Yeongdeungpo. Notably, 42 out of 68 asset management companies and 8 out of 11 futures companies have their head offices in Yeouido. These include Mirae Asset Group , Korea Life Insurance , KDB , Korea Investment Holdings and many more. Korea Exchange

462-553: Is the center of politics in South Korea. Political organizations and their respective buildings dominate the western half of the island. Most prominently, the National Assembly Building is located to the far west of the island. Construction of the building commenced in 1969 and was completed in 1975 and sits atop the site of the former Yeouido Airport. Prior to the opening of the National Assembly Building,

SECTION 10

#1732765777296

504-411: Is the largest in area and takes up about 34% of the land. The total area is 24.56 km (9.48 sq mi) (2004), making up 4% of Seoul's land. The annual budget is approximately 2 billion won. Yeongdeungpo District has been heavily developed as an office, commercial, and residential district. Yeouido Dong is home to DLI 63 Building , the highest office building in South Korea and currently

546-618: The Seoul International Fireworks Festival and the Hangang Summer Festival. Yeouido Park was previous an airport that existed until the 1970s when it was turned into an asphalt plaza and named May 16 Square in reference to the coup led by Park Chung Hee in 1961. In 1984 Pope John Paul II led a canonization mass at the park. In 1999 the park was returned to its natural state and opened to the public. Yeongdeungpo district also features

588-404: The national assembly currently is. On the other hand, an official Seoul tourism website describes the islands name as meaning "Broad Island" ( 넓은 섬 ). Due to the island's political scene, the words 'Yeouido saturi , or Yeouido dialect' has emerged into contemporary Korean, defining vague, gilded words of politicians. Being a vacant spot convenient to the capital of Joseon, Yeouido was used as

630-625: The 1870s when it was considered to be the main port used in the defence of the city of Seoul. The opening of the Gyeongin Line in 1899 and the Gyeongbu Line 1905, the County Office of Siheung-gun was relocated to Yeongdeungpo and area became a major hub for transportation and commerce. Except for Yeouido and Yanghwa-dong, Yeongdeungpo belonged to old Siheung County . In 1936, Yeongdeungpo (except for today's Daerim-dong)

672-616: The 3rd tallest building in the country. The National Assembly Building is located in Yeouido-dong . Other organisations, such as the Financial Union of Korea are also based in Yeongdeungpo. There are also mass-media corporations in the area, including Kookmin Newspaper Corporation , Munhwa Broadcasting Corporation , and Korean Broadcasting System . The earliest historical references to Yeongdeungpo were in

714-489: The 63 Golden Tower. The 58th and 59th floors both feature restaurants. The lower floors house an indoor shopping mall with approximately 90 stores, an IMAX theater, and a large aquarium. A convention center and banquet hall are also housed within the building. Also within Yeouido is the International Finance Center (IFC). The IFC was opened in 2012 and includes the office towers, Conrad Hotel and

756-483: The CGV Starium, the world's largest permanent 35 mm cinema screen. Construction of Times Square started in 2006 on the site of a former Kyungbang plant in Yeongdeungpo, and lasted for three years. The construction cost a total of 600 billion won. On September 16, 2009, the mall officially opened, welcoming an average of 210,000 people per day. Yeouido is home to many of Korea's tallest skyscrapers. One of

798-460: The IFC Mall. The IFC mall hosts a large number of shops including major international brands. The center of the mall includes a large atrium with glass pavilion which extends above ground level. The mall itself occupies four floors below ground. Parc1 tower is the newest development in Yeouido with its primary feature being the 334 tall main tower. The development features 2 main office towers,

840-661: The Seoul Capital Area project consisting of three separate lines, named GTX A, GTX B and GTX C, and scheduled for completion in 2025. As currently planned (2021), GTX B will connect Songdo in Incheon with Maseok in Namyangju , with trains calling at eleven stations in between including Yeouido . According to the Korean government, GTX B will be completed in 2021. The oldest subway line in Korea, Line 1, runs through

882-653: The assembly are located nearby. The Korean Broadcasting System (KBS) New Wing Open Hall is located in Yeouido-dong. It is the broadcast and recording centre of many KBS programmes with a studio audience , namely the live weekly music show Music Bank . In 2017 the Seoul Museum of Art (SeMA) and the Seoul Metropolitan Government opened SeMA Bunker, a museum occupying a previously undiscovered military bunker in Yeouido. The bunker

SECTION 20

#1732765777296

924-497: The center of Yeongdeungpo District, serving Yeongdeungpo station, Singil Station & Deabang Station. The line first opened in 1974 as the Korean National Railroad of Seoul with through services to national mainline railways from Seongbuk station (now: Kwangwoon University station ) to Incheon and Suwon Stations. Prior to 2000, the underground section of Line 1 between Seoul Station and Cheongnyangni Station

966-571: The early 20th century during the Japanese occupation period . Yeongdeungpo station is the last station within Seoul and since 1974 the Gyeongbu line and Seoul Metro Line 1 tracks have been integrated and electrified up until Yeongdeungpo station (further electrification of the line southwards took place in later years). Great Train Express (GTX) is a planned higher-speed commuter rail network in

1008-508: The east. [REDACTED] Media related to Yeongdeungpo-gu, Seoul at Wikimedia Commons National Assembly Building of Korea The National Assembly Proceeding Hall ( Korean :  국회의사당 ; RR :  Gukhoeuisadang ) is a building in Yeouido-dong , Yeongdeungpo District , Seoul which serves as the location of the National Assembly of the Republic of Korea , the legislature of South Korea. The current building

1050-494: The eastern side of the island, opposite the political quarter on the western side. Five parks are located in Yeouido. Notable among these are the Yeouido district of the Hangang Park and Yeouido Park . Yeouido Park was formed in 1999 through the reclamation of a patch of land, known as Yeouido Square or May 16 Square, which had lain under asphalt for 27 years and was used for various large public gatherings. In addition,

1092-462: The final station being Sinwol Station . Yeongdeungpo District is served by all types of buses operated in Seoul and its environs: green (local), blue (city), red (express) and white/green (Gyeonnggi). Gyeongin-ro, a major thoroughfare running from the south west to the north east, is a major bus route connecting the district with Incheon , Bucheon , Gwangmyeong and elsewhere. Gyeongin-ro links with Yeouiseo-ro/Yeoui-daero at Yeouido on which there

1134-585: The growth of industry in the area declined in the 1990s as the Asian Financial Crisis had a considerable effect on the South Korean economy. In the 2000s, the availability of empty commercial buildings attracted artists to the area and in 2013 the Korean government officially supported to the concept. Mullae Art Village has become a popular leisure destination and is home to a large number of eateries, bars and other related venues, as well as

1176-485: The island away because it is useless. This is because the island was once seen as an unreliable sandy island that flooded easily. According to the encyclopedia of Korean culture ,the name originates from jokes people would say, going along the lines of "my island, your island", about the island when it went fully under the water except for the island's 'head', being the mountain Yangmalsan  [ ko ] , where

1218-417: The late 1960s, major housing developments were erected on the island, many of which are still in place in 2020. The six-lane bridge connecting it to the mainland of Yeongdeungpo was built in 1970 as part of Han River development project led by President Park Chung Hee , after which followed a period of rapid development. Formerly part of Goyang , Yeouido-dong was formed as a separate entity in 1971. In 1975

1260-419: The lower section of Anyangcheon (shared with Yangcheon District ). Yeongdeungpo district is served by the Gyeongbu Line which runs through the center of the district with trains calling at Yeongdeungpo station . Services include Korail KTX , ITX , Mungunghwa and tourist trains. The Gyeongbu line is considered to be one of the most important rail lines in Korea and its strategic importance goes back to

1302-729: The major South Korean political parties including the Democratic Party and the People Power Party maintain their headquarters in Yeouido, close to the National Assembly Building. Yeouido is considered to be the financial center of Seoul, hosting most of the country's largest financial institutions including: Industrial Bank , Kookmin Bank , Korea Stock Exchange and Federation of Korean Industries, Hana Bank, Shinhan Securities, NH Investment Securities, and Eugene Investment Securities. Most of these institutions are clustered on

Yeouido - Misplaced Pages Continue

1344-502: The manufacturing industry and remnants of this are clearly visible around the district with small workshops and larger factories located next to modern developments, especially in Mullae-dong. Times Square is a large shopping mall located closed to Yeongdeungpo station and connected to an adjoining Shinsegae department store which in turns is connected to Yeongdeungpo station. It is one of Seoul's largest shopping malls, featuring

1386-428: The new National Assembly Building opened on the western side of the island. In 1985 the 63 building was completed and was the tallest and most well-known building in the country for many years. Yeouido has an area of 2.9 square kilometers (Yeouido-dong covers 8.4 square kilometers) and is separated from Yeongdeungpo by the small Saetgang stream. The sandy floodplain was previously used for grazing livestock. Yeouido

1428-492: The oldest and most well-known is the 63 Building , located on the eastern side of Yeouido. It was opened in 1985 to coincide with the Seoul Olympics in 1988 and intended to demonstrate Korea's economic success. The building is 250 m (820 ft) tall and was the tallest building in the country until 2003. The 60th floor houses the world's highest art gallery while the 63rd floor contains an observation deck known as

1470-399: The same time. During the post-Korean War industrialization period the district's economy and population grew dramatically and as a result sections of the district were broken up to form new districts – Gwanak District being established in 1973, Gangseo-gu in 1977, and Guro District in 1980. Yeongdeungpo District is divided into the following " dong "s. Yeongdeungpo District office (영등포구청)

1512-574: The seat of government was located at the General Government Building which was situated within the grounds of Gyeongbok Palace . Due to its national importance, the area surrounding the National Assembly Building and its adjoining buildings is home to a significant police presence. Despite this, the grounds are usually open to the public and connect to the Han River Park which surrounds the site on three sides. Most of

1554-673: Was annexed to Gyeongseong (today's Seoul ). In 1949, some parts of Siheung County were ceded to Yeongdeungpo District of Seoul. These sections are today's Guro-dong, Sindorim-dong, Daerim-dong and Sindaebang-dong. It is one of the sub-centers of Seoul, and the Seoul Metropolitan Subway Line 1 passes. Among the areas south of the Han River in present-day Seoul, it was the first (1936) to be incorporated into Seoul. January 1, 1963, Some areas of Bucheon County were combined to Yeongdeungpo District as below. Also, many parts of Siheung County were merged into this district at

1596-404: Was colored red on metro maps while the above-ground section was colored gray or blue. After 2000, the service was combined and colored dark blue. On average, trains run every six to nine minutes on the section between Seoul Station and Guro (the section serving Yeongdeungpo station). In addition to the existing subway services, two additional lines are currently under development. The Sillim Line

1638-818: Was completed in 1975. Before 1975 the South Korean government used the colonial-era Bumingwan , which is now used by the Seoul Metropolitan Council. The plenary chamber has seating for 400 people, ostensibly in preparation for new lawmakers in case Korean reunification occurs. The National Assembly Proceeding Hall has been used for the inaugurations for several presidents Roh Tae-woo in 1988, Kim Young-sam in 1993, Kim Dae-jung in 1998, Roh Moo-hyun in 2003, Lee Myung-bak in 2008, Park Geun-hye in 2013, Moon Jae-in in 2017, and Yoon Suk-yeol in 2022. 37°31′55.21″N 126°54′50.66″E  /  37.5320028°N 126.9140722°E  / 37.5320028; 126.9140722 This article about

1680-604: Was discovered in 2005 during groundwork for a bus transfer station. No official records of the bunker have been found but historians believe it was constructed for Park Chung Hee in 1976–1977 because large-scale military parades took place above the bunker on May 16 Square (now Yeouido Park ). Mullae-dong was previously a successful industrial area developed in the 1960s as industry left the Cheonggyecheon in Jongno District and relocated to Mullae-dong. However,

1722-551: Was eventually replaced by commercial and residential construction beginning in the late 1960s. In 2024, the city government permitted buildings with floor area ratios up to 1600% from the previous 1000%, allowing the constructions of buildings over 350 meters. The island went by a number of names in the Joseon period, including Yanghwado ( 양화도 ) and Nauiju ( 나의주 ). Some sources claim that "Yeouido" can literally be interpreted as "Your Island", implying that people would want to give

Yeouido - Misplaced Pages Continue

1764-928: Was originally located in Yeouido, but it moved to Busan in 2009. Korea Financial Investment Association is still based in Yeouido. The Korea Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) are also based in Yeouido. Despite its popularity with Korean financial institutions, Yeouido has proved less popular with foreign entities who tend to prefer the Jongno district. Other notable companies based in Yeongdeungpo include Lotte Confectionery , Hanjin Shipping , LG Corp. , and Keoyang Shipping are headquartered in Yeouido-dong in Yeongdeungpo District. Historically, Yeongdeungpo district has been dominated by

#295704