"SparkLabs, one of the leading incubators in Seoul’s rapidly growing startup ecosystems, announced today that it will launch its Internet of Things Accelerator in Songdo International Business District in early 2015. A $35 billion private real estate development that will contain 80,000 apartments, 50 million square feet of office space, and 10 million square feet of retail space when it is completed next year, Songdo is one of the world’s first specially designed “smart cities.”"
"This means that the city was developed with a technological infrastructure that supports connected Internet services and products in public spaces and residences. For example, the city is filled with sensors that can monitor temperature, energy use, and traffic flow, as well as amenities like charging stations for electric cars."
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