ASEM Convention Center Construction, A Very Successful Project

Korea Times (Seoul, Korea), October 19, 2000 | Go to article overview

ASEM Convention Center Construction, A Very Successful Project


Two birds in the hand, that is the status of the COEX Convention Center owned by Korea International Trade Association (KITA; Chairman, Kim Jae-chul) today. In fact, when Korea was designated as the site for the third Asia-Europe Meeting (ASEM) at the first ASEM in Bangkok, Thailand, in 1996, it was certainly an honor but also it led to some embarrassment for our country. At that time, Korea did not have a convention center suitable for an international summit and to construct a word-class convention center in just four years seemed like a very difficult task.

Moreover, although the government agreed to buy the land on which to build a convention center, there was no plan to make use of it afterwards in order to recoup the construction cost and annual operating expenses, which likely would become a tax burden for the public. After serious consideration, the government nominated Korea International Trade Association (KITA) as the main conference center construction agency, which already had prepared a convention project under its own operational and profitability plans and had benchmarked some of the world's leading convention centers through architectural designing by well-known American architect company, SOM.

Now, just few days before the opening of the third ASEM, the government's decision has proven to be a good one. COEX Convention Center was built with the holding asset proceeds of KITA and the fees of member companies without government subsidy. As a result, the government has the use of a state-of-the-art, world-class convention center without burdensome expense for the greatest state event since the foundation of our country. Moreover, the construction of COEX will be a turning point for the growth of the value added convention industry in Korea. For example, the value added profit of the participation of just one foreign person in local convention will bring the similar profit by exporting nine color televisions.

KITA, the 100 percent shareholder of COEX complex, also has become a pioneer in Korea's convention industry, maintaining equilibrium between domestic and around 150 foreign trade shows, conference and exhibitions in year 2001 and attracting large-scale international participation.

Compared with previous convention center construction projects of similar scale, KITA's convention center must be considered a resounding success in that it came in on time and on budget without major design changes to drive up the cost and delay completion. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

ASEM Convention Center Construction, A Very Successful Project
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.