"The Global Fair and Festival 2009" has opened in Songdo International City in South Korea's Incheon Free Economic Zone.
Speaking at the opening ceremony of the country's largest festival President Lee Myung-bak said:
"The past century was dominated by a competition among nations, but we will see fierce competition among cities in the years ahead. More than half of the global population is concentrated in urban areas and the figure is expected to surge up to 80 to 90 percent," Lee said.
During the 80-day festival, 68 exhibitions, conferences and concerts will be held.
About 20 international conferences will be held at the fair, including the Global Environment Forum 2009, which U.N. Secretary-General Ban Ki-moon and many other scholars plan to attend.
The Fair will introduce "Smart City," a knowledge-based industrial city equipped with state-of-the-art information and communication infrastructure, to the participants of the Asian-Pacific City Summit (APCS) to be held in September