South Korea aims to host world's first floating city by 2025

Sreeja13 Dec, 2022Business

A UN-backed initiative to build a floating city off the coast of Busan, South Korea, has been proposed to pioneer a new form of life in the face of climate-related sea-level rises. The local administration struck a deal with UN-Habitat and Oceanix, a company formed by Danish architect Bjarke Ingels Group. The goal is to construct a metropolis constructed of hexagonal modules that can withstand a category five hurricane. South Korea intends to get the first platforms in the water by 2025. Although the exact size of the city's first version has yet to be established, it is projected to cost around USD 200 million.