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  • Seoul to inject 321.3 bil. into information and technology innovation in COVID-19 era

  • Press Releases SMG 15
    • Seoul will invest 321.3 billion won in a total of 1,045 information and technology projects during this year, among which 126.3 billion won will be invested in 220 Smart City projects.
    • Such the city’s investments are expected to create 3,245 jobs if the Bank of Korea’s employment inducement coefficient* is applied.
    • In addition, Seoul plans to invest 11.7 billion won to create non-face-to-face administrative services needed in the COVID-19 era in an effort to ease inconvenience and provide services that are more approaching to citizens.

    SEOUL, SOUTH KOREA, January 21, 2021 – The Seoul Metropolitan Government will invest 321.3 billion won (USD 292 million) in a total of 1,045 information and technology projects during this year to expand innovation in digital services using smart technologies in the COVID-19 era.

    Especially, the city plans to inject 126.3 billion won (USD 115 million) in 220 Smart City projects: 31.6 billion won in 69 CCTV-related projects, 24.1 billion won in 8 WiFi-related, 23.4 billion won in 30 IoT-related, 12.2 billion won in 15 GIS-related, 11.7 billion won in 30 non-face-to-face, 9.9 billion won in 26 big data-related, 6.5 billion won in 2 cloud system-related, 3.1 billion won in 24 mobile-related, 3.1 billion won in 13 artificial intelligence-related, and 700 million won in blockchain-related.

    According to the investment plan by the organization, 156.2 billion won will be injected into the Seoul Metropolitan Government’s 355 projects; 90.2 billion won into 25 autonomous district offices’ 532 projects; and 74.9 billion won into 158 projects of city-invested or city-funded institutions. By type of investment, 56.8 billion won will be invested in 72 projects of system establishment; 73.4 billion won in 166 projects of computation equipment and solutions introduction; and 17 billion won in 65 projects for software development.

    Such the city’s investments are expected to create 3,245 jobs if the Bank of Korea’s employment inducement coefficient* is applied.

    * The employment inducement coefficient refers to the total number of people employed directly and indirectly to produce a billion won worth of a specific product or service. According to the 2018 Inter-Industry Table released by the Bank of Korea in 2020, the employment inducement coefficient for information and technology industries is 10.1.
    ** The number of employees in the information and technology sector (3,245) = employment inducement coefficient (10.1) x total outputs (321.3 billion won)/1 billion won

    Seoul’s major Smart City projects include establishing the public Wi-Fi network and IoT infrastructures throughout the city and upgrading the “S-Map” platform, a 3D map containing administrative and environmental information.

    Based on the city’s Smart City plan, it will install additional 6,790 public Wi-Fi this year to guarantee citizens’ basic communication rights and lay the foundation for collecting and utilizing urban phenomenon data by establishing the Internet of Things in the city. It also plans to upgrade the S-Map platform to provide various services that combine municipal contents and virtual Seoul contents, such as cultural assets, tourism, Seoul City Wall, and alleys in Seoul.

    In addition, the Seoul Metropolitan Government plans to invest 11.7 billion won to create non-face-to-face administrative services needed in the COVID era in an effort to ease inconvenience and provide services that are more approaching to citizens.

    Some of the city’s non-face-to-face administrative services are the introduction of real-time interactive contact-free educational videos to the Seoul Lifelong Learning web portal, and the establishment of the integrated statistics platform that allows contactless online surveys. Besides, the intelligent video collaboration system will be created so that various meetings participated by citizens can be held anytime, anywhere in a non-face-to-face manner.

    In preparation for the accelerated digital transformation, Seoul will make a master plan for integrating Seoul’s computing environment into the cloud-based one, through which Seoul will be able to utilize information resources in a swift and flexible manner.

    In a bid to transform the Seoul Data Center into a public cloud center with enhanced security and facility conditions, the Seoul Metropolitan Government will implement the Information Strategy Planning (ISP) for the development of the Seoul Data Center and introduce all equipment needed, including a virtual server, to continue to integrate Seoul’s information resources.

    Also, Seoul will upgrade its administration work system to improve and expand internal administrative services and establish the next-generation university information system (at University of Seoul) and the first phase of the integrated resource management system (at Seoul Housing and Communities Corporation).

    Lee Won-mok, Director-General of Smart City Policy at the Seoul Metropolitan Government, said, “We are currently facing a great change in the industrial ecosystem called the Fourth Industrial Revolution and also a change in citizens’ daily lives due to the COVID-19 pandemic.” “Seoul will make its best to improve the safety and quality of citizens’ lives by utilizing the state-of-the-art smart technologies.”