New Songdo City

About a month ago, I randomly watched a video about this city called Songdo on MSNBC.com. I was really fascinated by this $40 billion city in South Korea because there has not been anything like this. It will be the biggest and the most expensive privately held project in history, and it will truly be the first city to be newly born in the 21st century with the cutting-edge technologies, amenities, and infrastructure to make it a competitive international business center. The city will be within the Incheon Free Economic Zone and will feature the world's longest bridge and one of the tallest buildings. Americans have 70 percent stake in this project, and South Koreans have 30 percent. This project is aimed at Americans and Europeans who want to expand their businesses into Northeast Asia, which is already a lucrative market and soon to be the world's largest.