Economy
Early opening port went through massive growth, whereas the post-independent development have deeply concentrated on Yeongnam area where Japan and Russia are viable within coastal area encouraging major economic impacts for South Korea. However, the brilliant enhancement of Chinese economy shares huge possibility to step up the city's potential as the trades via Yellow Sea have been strengthened year by year. Furthermore, the construction of Seonhaean expressway rapidly enhanced the accessibility for Seoul and Gyeonggi province, while the city was taken as for the major candidate of hub harbour, along with Incheon, Pyeongtaek/Dangjin and Gunsan.
Inside the city, the old downtown has suffered from inevitable depression as the population largely moved for the new town called Hadang, losing its value as the heart of consumption for citizens since early 1900.
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Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)