AI reshapes Seoul outskirts village

Dongtan, on the outskirts of Seoul, South Korea, has experienced a remarkable economic transformation thanks to the AI boom and major tech companies like Samsung and SK Hynix. This has led to a sharp rise in real estate prices, with the cost of a small apartment increasing by 200 million won, and other properties valued at over two billion won. Additionally, employees are provided with low-interest loans to support real estate investments. Salaries in the semiconductor sector have surged significantly, with an expected average annual compensation of 600 million won, compared to the national average salary of 50 million won. While this prosperity has contributed to increased revenue for the local government, its benefits have not been equally reflected among all small business owners and shopkeepers.

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