Yeouido (Hangul: 여의도, English: Yoi Island or Yeoui Island) is a large island (or eyot) on the Han River in Seoul, South Korea. It is Seoul's main finance and investment banking district. Its 8.4 square kilometers are home to some 30,988 people. The island is located in the Yeongdeungpo-gu district of Seoul, and largely corresponds to the precinct of Yeouido-dong. The island contains the National Assembly Building, where the National Assembly of South Korea meets, Korea Financial Investment Association, the large Yoido Full Gospel Church, the 63 Building, and the headquarters of LG, Korean Broadcasting System, and the Korea Exchange Center. Due mainly to its importance as a financial district and its central location, Yeouido is home to some of Seoul and South Korea's tallest skyscrapers, including International Finance Center Seoul, Parc1 Tower, the Federation of Korea Industries Tower, as well as the iconic 63 Building.
The name of the island means "You can have it," i.e., "useless". This was because whenever the Han River flooded, only a small patch of high ground remained above water level.
Being a vacant spot convenient to the capital of Joseon, Yeouido was used as a national pasture for sheep and goats according to a 16th-century geographical record. Yeouido remained for the most part an uninhabited sandbar prior to the construction of Seoul's first airport in April 1924. The airport served both international, domestic, and military flights, and was also the site of a flight school.
The six-lane bridge connecting it to the mainland of Yeongdeungpo was built in 1970 as part of Han River development project led by President Park Jung-Hee, after which followed a period of rapid development. Formerly part of Goyang, Yeouido-dong was formed as a separate entity in 1971. Today, the island is often referred to as South Korea's "Wall Street", and hosts the state-owned broadcasting station KBS.
Yeouido is the center of politics and economy, and each party's headquarters and social organizations are located in the main hall. In addition, it has one of the most exclusive financial institutions specialized in the "Skyscrapers" business in Seoul: Industrial Bank, Kookmin Bank, Korea Stock Exchange and Federation of Korean Industries, Hana Bank, Shinhan Securities, NH Investment Securities, and Eugene Investment Securities.
Major churches are also located in Yeouido, as well as major TV stations, newspapers such as The Kookmin Ilbo, the Financial News Service, and the Yeouido Baptist Church. There are the Korea reinsurance Association, the Korea Securities Finance Association and the LG Twin Towers. Currently, a 73-story Park One Tower is under construction between the two towers. The schools include Yeouido Elementary School, Yoonjung Elementary School in Seoul, Yeouido Middle School, Yoonjung Middle School, Yeouido High School, and Yeouido Girls' High School. There is also a private pension center and a teachers' allowance center.
Five parks are located in Yeouido. Notable among these are the Yeouido district of the Han River Public Park and Yeouido Park. Yeouido Park was formed in 1999 through the reclamation of a patch of land, known as Yeouido Square or May 16 Square, which had lain under asphalt for 27 years and was used for various large public gatherings. In addition, a terminal for excursion ferries stands on the Han River shore.
Unit of area
The "size of Yeouido" is often used by South Korean media as a means of comparison for measuring an unfamiliar area. For example, it may be said that city A in country Y is twice the size of Yeouido.
- Cherry Blossom Festival - Every April, the Cherry Blossom Festival is held in the streets of Yeouido.
- Seoul International Fireworks Festival - On Saturdays of October, the Seoul International Fireworks Festival is held at Hangang Park.
|1||Three IFC Office Tower||279m||55||2012||Tallest building in Yeouido.|
|3||Federation of Korean Industries Head Office Building||245m||50||2013|
|5||One IFC Office Tower||186m||32||2012|
|6||Two IFC Office Tower||176m||29||2012|
|8||Yeouido Richensia Tower 1||151m||40||2003|
|8||Yeouido Richensia Tower 2||151m||40||2003|
|10||LG Twin Towers Tower 1||144m||34||1987|
|10||LG Twin Towers Tower 2||144m||34||1987|
|Parc1 Tower A||333m||69||2020|
|Parc1 Tower B||256m||53||2020|
|Yeouido Post office Reconstruction||150.80m||33||2020|
There are four colour-coded bus lines that operate in Yeouido:
- Yellow buses run a circular route on Yeouido only
- Red buses run different routes all over Yeouido only
- Green and Blue buses connect Yeouido to numerous other points in Seoul
Isolated for centuries, Yeouido is now tightly-connected to the Seoul transportation grid. Seoul Subway Line 5 and Line 9 intersect at Yeouido Station. Line 5 also stops at Yeouinaru Station. Line 9 also stops at Saetgang Station and National Assembly Station.
- Figures as of March 2006. "동현황". Yeouido-dong website (Korean). Retrieved 2006-04-16.[permanent dead link]
- "동유래". Yeouido-dong website (Korean). Retrieved 2006-04-16.[permanent dead link]
- According to "동현황". Yeouido-dong website (Korean). Retrieved 2006-04-16.[permanent dead link]. However, the Naver Encyclopedia asserts that the airport opened in 1916, and that the homecoming flight of An Chang-nam, the first Korean pilot, landed here in 1922.
- "동현황". Yeouido-dong website (Korean). Retrieved 2006-04-16.[permanent dead link]
- "Yeouido". Tour2Korea.com. Archived from the original on 2005-08-30. Retrieved 2006-04-16.
|Wikimedia Commons has media related to Yeoui Island.|
- Yeouido-dong website[dead link]
- Yeouido : Seoul Official Tourism (English)
- Tour2Korea profile of the island
- Yeuoido Spring Flower Festival 2007