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Korean Job Discussion Forums
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12ax7
Joined: 07 Nov 2009
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 Posted: Mon Jan 30, 2012 10:46 pm Post subject: |
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| jvalmer wrote: |
| motiontodismiss wrote: |
| The population in the Seoul Metro Area needs to go down, and that means balanced economic development of ALL regions in the country. |
Will never happen, it's just the nature of most countries. The historic center of culture and commerce will take the bulk of the populations as people are driven off the farms. If Korea were united Seoul would easily have 5-10 million more people. It's smack dab in the middle of the peninsula and young people will try their luck in the big city, before they consider returning to their hometowns. |
Actually, some corporate and government offices have been moving out of Seoul, and new metropolitan areas have been slowly but surely growing as a consequence. Will it have a significant affect on Seoul's population? Probably not, but it appears the economy and the government are becoming less centralized. |
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Zyzyfer
Joined: 29 Jan 2003
Location: who, what, where, when, why, how?
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| Posted: Mon Jan 30, 2012 11:25 pm Post subject: |
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| pkang0202 wrote: |
| Steelrails wrote: |
I'm guessing that all of this is modeled based of data from traffic patterns and customer fares and such. You know the way real businesses operate, not the rantings of someone fresh out of college.
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Please, enlighten me on how real businesses operate. |
Step 1
Collect underpants
Step 2
???
Step 3
Profit! |
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motiontodismiss
Joined: 18 Dec 2011
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| Posted: Tue Jan 31, 2012 7:43 pm Post subject: |
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| 12ax7 wrote: |
| jvalmer wrote: |
| motiontodismiss wrote: |
| The population in the Seoul Metro Area needs to go down, and that means balanced economic development of ALL regions in the country. |
Will never happen, it's just the nature of most countries. The historic center of culture and commerce will take the bulk of the populations as people are driven off the farms. If Korea were united Seoul would easily have 5-10 million more people. It's smack dab in the middle of the peninsula and young people will try their luck in the big city, before they consider returning to their hometowns. |
Actually, some corporate and government offices have been moving out of Seoul, and new metropolitan areas have been slowly but surely growing as a consequence. Will it have a significant affect on Seoul's population? Probably not, but it appears the economy and the government are becoming less centralized. |
This. And think of all the disposible income that would be freed up if the price of real estate went down. The money that used to go to poorly built pieces of grey concrete that are designed to fall apart in 20 years would be going to consumption and investment in other things-things that actually stimulate the economy. |
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UknowsI
Joined: 16 Apr 2009
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| Posted: Tue Jan 31, 2012 8:31 pm Post subject: |
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I agree that it would be good to move some of the businesses out of Seoul, but it's not easy to do. Most manufacturing companies locate their factories outside of the cities, Samsung Electronics outside of Suwon, shipbuilding in Geoje, chemical plants in Ulsan, heavy industry in Pohang and so on. The problem is that most people want to live and raise their family in Seoul. It is such a strong status symbol to live in Seoul that it can be difficult to get highly qualified people to live anywhere else, and there are strong protest from the upper management of most companies if they are trying to relocate it to any other place.
I hope Korea will make places outside of Seoul more attractive to live in. Personally I would prefer to live somewhere with more space and nature, but the limitations of living in a small town are quite clear.
| pkang0202 wrote: |
| Steelrails wrote: |
I'm guessing that all of this is modeled based of data from traffic patterns and customer fares and such. You know the way real businesses operate, not the rantings of someone fresh out of college.
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Please, enlighten me on how real businesses operate. |
There probably exist hundreds of models and optimization methods for bus routing which is what I believe Steelrails was referring to. For example, Daejeon restructured the entire bus system based on a new model in 2008-2009 to reduce the number of average transferred needed on average for the passengers and to better utilize each vehicle. If you are interested in the topic, there is a lot of literature available on bus scheduling] and bus routing. However, vehicle routing is one of the most complex optimization problems that exist, so it is hard to make routes and schedules which makes everyone happy. |
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CA-NA-DA-ABC
Joined: 20 Jun 2006
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| Posted: Wed Feb 01, 2012 2:22 am Post subject: |
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The metro Seoul area just experienced its first population decline in 40 years.
And also, if you think the Korean public transportation system is bad enough to warrant firing its boss, you are grossly misguided. Seek help. |
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12ax7
Joined: 07 Nov 2009
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| Posted: Sat Feb 04, 2012 2:31 am Post subject: |
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| motiontodismiss wrote: |
| 12ax7 wrote: |
| jvalmer wrote: |
| motiontodismiss wrote: |
| The population in the Seoul Metro Area needs to go down, and that means balanced economic development of ALL regions in the country. |
Will never happen, it's just the nature of most countries. The historic center of culture and commerce will take the bulk of the populations as people are driven off the farms. If Korea were united Seoul would easily have 5-10 million more people. It's smack dab in the middle of the peninsula and young people will try their luck in the big city, before they consider returning to their hometowns. |
Actually, some corporate and government offices have been moving out of Seoul, and new metropolitan areas have been slowly but surely growing as a consequence. Will it have a significant affect on Seoul's population? Probably not, but it appears the economy and the government are becoming less centralized. |
This. And think of all the disposible income that would be freed up if the price of real estate went down. The money that used to go to poorly built pieces of grey concrete that are designed to fall apart in 20 years would be going to consumption and investment in other things-things that actually stimulate the economy. |
If you know where to invest in real estate, you can make quite a nice piece of change. Some neighborhoods in Wonju, for example (one of the towns I was referring to in my previous comment), have had prices shoot up 10% since December and they are expected to continue climbing this year. |
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motiontodismiss
Joined: 18 Dec 2011
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| Posted: Sat Feb 04, 2012 6:51 am Post subject: |
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I actually think real estate in Korea is just a ticking time bomb. The numbers just don't make any sense. I just hope Korea doesn't turn into another Japan, losing 87% of their GDP when the real estate bubble pops (and it WILL pop, just a matter of when and how severely).
Buying real estate right now is total speculation. No one's buying at the current prices and in the case of apartments the HOA ajummas keep giving sellers crap for lowering their asking prices. I also think people are going to be foreclosing left, right and center when they need to start paying off principal (the government had the banks suspend principal payments to hold up prices but banks are eventually going to want their principal back). People are teetering on the brink already with interest-only payments. And there's also the fact that no one's getting married or having children, and most young people prefer to rent and aren't as obsessed with owning a home. |
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Julius
Joined: 27 Jul 2006
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| Posted: Sat Feb 04, 2012 7:02 am Post subject: |
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| CA-NA-DA-ABC wrote: |
| The metro Seoul area just experienced its first population decline in 40 years. |
Link?
My Atlas of Korea has the metro area in decline since at least 2000. Its the sattelite cities that are mushrooming. |
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12ax7
Joined: 07 Nov 2009
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| Posted: Sat Feb 04, 2012 7:39 am Post subject: |
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| motiontodismiss wrote: |
I actually think real estate in Korea is just a ticking time bomb. The numbers just don't make any sense. I just hope Korea doesn't turn into another Japan, losing 87% of their GDP when the real estate bubble pops (and it WILL pop, just a matter of when and how severely).
Buying real estate right now is total speculation. No one's buying at the current prices and in the case of apartments the HOA ajummas keep giving sellers crap for lowering their asking prices. I also think people are going to be foreclosing left, right and center when they need to start paying off principal (the government had the banks suspend principal payments to hold up prices but banks are eventually going to want their principal back). People are teetering on the brink already with interest-only payments. And there's also the fact that no one's getting married or having children, and most young people prefer to rent and aren't as obsessed with owning a home. |
Nah, only people who don't know what they are doing get burned. You just need to do your homework. No need to speculate when you're well informed. Those who have a head on their shoulders are buying buildings right now, not apartments. With a building, there's a lot more rent coming in every month. In some cities, buildings only cost twice as much of an apartment. |
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ThingsComeAround
Joined: 07 Nov 2008
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| Posted: Sun Feb 05, 2012 4:26 am Post subject: |
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| motiontodismiss wrote: |
Yeah, this too. Line 9 has express trains but the express trains don't have independent tracks so the local trains always get delayed. Terrible planning on their part. Don't they have express trains on Line 1 though (well at least in Gyeonggi/Incheon)?
I think they need something like Metro-North in NY going out to the suburbs. It'll probably relieve some of the congestion on the freeways which btw need to be wider. You have 4 large suburban developments on the Gyeongbu Expressway (Pangyo, Bundang, Gwanggyo, Dongtan). A recipe for complete traffic disaster. That freeway wasn't designed to handle that kind of traffic-there shouldn't have been that many developments using that one freeway in the first place, or they need to go all LA and expand the Gyeongbu Expressway to 10 lanes each way. |
Line 1 has express lines, but they are only run once every 15 min. Waste of time. Lines 3-7 take forever if you live at the edge, so its better to take a bus most of the time.
About the highways, I think they need to be smaller, and they should introduce car-only parkways. I've heard Atlanta has a rather large expressway which is doomed during rush hour. LA is famous for their traffic problems as well  |
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motiontodismiss
Joined: 18 Dec 2011
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| Posted: Sun Feb 05, 2012 4:38 am Post subject: |
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Actually, car-only parkways are a good idea. Didn't think of that. Although Henry Hudson Parkway during rush hour is hell.  |
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ThingsComeAround
Joined: 07 Nov 2008
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| Posted: Sun Feb 05, 2012 4:52 am Post subject: |
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| I love how on the highways buses take size advantage and try to jump 5 lanes at the last moment. Surprised I don't see more accidents here... seriously |
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Steelrails
Joined: 12 Mar 2009
Location: Earth, Solar System
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| Posted: Sun Feb 05, 2012 2:57 pm Post subject: |
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| ThingsComeAround wrote: |
| motiontodismiss wrote: |
Yeah, this too. Line 9 has express trains but the express trains don't have independent tracks so the local trains always get delayed. Terrible planning on their part. Don't they have express trains on Line 1 though (well at least in Gyeonggi/Incheon)?
I think they need something like Metro-North in NY going out to the suburbs. It'll probably relieve some of the congestion on the freeways which btw need to be wider. You have 4 large suburban developments on the Gyeongbu Expressway (Pangyo, Bundang, Gwanggyo, Dongtan). A recipe for complete traffic disaster. That freeway wasn't designed to handle that kind of traffic-there shouldn't have been that many developments using that one freeway in the first place, or they need to go all LA and expand the Gyeongbu Expressway to 10 lanes each way. |
Line 1 has express lines, but they are only run once every 15 min. Waste of time. Lines 3-7 take forever if you live at the edge, so its better to take a bus most of the time.
About the highways, I think they need to be smaller, and they should introduce car-only parkways. I've heard Atlanta has a rather large expressway which is doomed during rush hour. LA is famous for their traffic problems as well |
Agreed, the lack of express lines and the futility of implementing them coupled with the need for expanded highways is a major boo. |
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