Seoul to replace historic Bank of Korea fountain with 7,000-capacity plaza

In central Seoul, a historic fountain from the 1970s is set to be replaced by a vast new plaza capable of accommodating 7,000 people. City officials have decided to clear the way for this expansion by relocating the fountain, which has stood at the intersection in front of the Bank of Korea for decades. The primary goal of this transformation is to create an expansive pedestrian hub that will enhance the area's appeal for tourists and locals alike, particularly during peak times such as year-end festivities and major events.

Situated along a key tourism corridor that links downtown shopping districts like Myeong-dong and Namdaemun Market, the site has long been a crowded thoroughfare. The new plaza will not only increase the space's capacity from around 2,300 to approximately 7,000 but also alleviate crowding and enhance safety for visitors. With its larger footprint, the redesigned plaza aims to provide more room for people to linger and enjoy their surroundings, rather than simply moving through the area.

Plans for the plaza include the integration of various cultural programs and amenities. These may include an outdoor library, spaces for busking and K-pop performances, a dedicated floor fountain, and a section inspired by Seoul Summer Beach. By incorporating these features, the city aims to make the plaza a multifunctional and vibrant public space that can cater to a wide range of interests and activities, ultimately transforming the bustling intersection into an open, welcoming hub for walking, relaxation, and public celebrations.