SKorea Hopes New Speed Train Links Will Help Boost Birthrate

A woman walks as the skyline is covered with a thick haze caused by yellow dust at a park in Goyang, South Korea, Friday, March 29, 2024. (AP Photo/Ahn Young-joon)
A woman walks as the skyline is covered with a thick haze caused by yellow dust at a park in Goyang, South Korea, Friday, March 29, 2024. (AP Photo/Ahn Young-joon)
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SKorea Hopes New Speed Train Links Will Help Boost Birthrate

A woman walks as the skyline is covered with a thick haze caused by yellow dust at a park in Goyang, South Korea, Friday, March 29, 2024. (AP Photo/Ahn Young-joon)
A woman walks as the skyline is covered with a thick haze caused by yellow dust at a park in Goyang, South Korea, Friday, March 29, 2024. (AP Photo/Ahn Young-joon)

South Korea is launching a high-speed train service that will reduce the travel time between central Seoul and its outskirts, a project officials hope will encourage more youth to consider homes outside the city, and start having babies, Reuters reported.
South Korea has the world's lowest fertility rate, and its youth have often cited long commutes and cramped, expensive housing in greater Seoul, home to about half the population, as the main reasons for not getting married and starting a family.
The birth rate in Seoul is even lower than the national average, and the government has tried to boost the number of newborns through subsidies, with little success.
Officials are now pinning their hopes on the Great Train eXpress (GTX), a 134 trillion won ($99.5 billion) underground speedtrain project that, by 2035, will provide six lines linking Seoul to several outlying areas.
On Friday, President Yoon Suk Yeol inaugurated a section of the first line, which will cut the commute time from Suseo in capital to the satellite city of Dongtan to 19 minutes from 80 minutes now on a bus.
The shorter commute "will enable people to spend more time with their family in the mornings and evenings," he added.
The line is due to go into service on Saturday, and once fully operational, the GTX will be one of the fastest underground systems in the world, with trains travelling at speeds of up to 180 km per hour (112 mph), officials said.
Owning a home in South Korea is costly, with median prices hitting a peak in June 2021 after rising 45% over five years. Seoul is particularly expensive, offering some of the worst value for money per square foot of any advanced economy, analysts say.
Land Minister Park Sang-woo told Reuters the GTX would allow young people to consider homes far away from the capital without having to spend hours commuting. The time they get back can go towards their families, he added.
"With two-hour commute on the way home, for example, how can anyone make time for babies? The idea is to give people more leisure time after work," he said.
Some analysts, however, said the GTX could contribute to the decline of rural South Korea, by sucking more people into the already overcrowded capital.
"To revive regional towns facing extinction, the most important thing is to equip other areas with a similar kind of public infrastructure too," said Kim Jin-yoo, professor of Urban Planning & Transportation Engineering at Kyonggi University.



Diamond Necklace Possibly Linked to Marie Antoinette's Demise Up for Auction

An historic and highly important necklace set with nearly 500 diamonds weighing a total of approximately 300 carats and formally in the collection of the Marquess of Anglesey is pictured during an auction preview at Sotheby's and is estimated to fetch 1,600,000 to 2,000,000 CHF in Geneva, Switzerland, Nov 7, 2024. REUTERS/Denis Balibouse
An historic and highly important necklace set with nearly 500 diamonds weighing a total of approximately 300 carats and formally in the collection of the Marquess of Anglesey is pictured during an auction preview at Sotheby's and is estimated to fetch 1,600,000 to 2,000,000 CHF in Geneva, Switzerland, Nov 7, 2024. REUTERS/Denis Balibouse
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Diamond Necklace Possibly Linked to Marie Antoinette's Demise Up for Auction

An historic and highly important necklace set with nearly 500 diamonds weighing a total of approximately 300 carats and formally in the collection of the Marquess of Anglesey is pictured during an auction preview at Sotheby's and is estimated to fetch 1,600,000 to 2,000,000 CHF in Geneva, Switzerland, Nov 7, 2024. REUTERS/Denis Balibouse
An historic and highly important necklace set with nearly 500 diamonds weighing a total of approximately 300 carats and formally in the collection of the Marquess of Anglesey is pictured during an auction preview at Sotheby's and is estimated to fetch 1,600,000 to 2,000,000 CHF in Geneva, Switzerland, Nov 7, 2024. REUTERS/Denis Balibouse

A diamond-studded necklace thought to be involved in a scandal that led to the eventual downfall of the last queen of France, Marie Antoinette, is being sold in Geneva next week.
The Georgian-era piece containing 300 carats of diamonds being sold by a Asian private collector in Geneva on Nov. 13 is valued at around 2 million Swiss francs ($2.29 million), Sotheby's said, although it may fetch much more.
The piece was at the center of a scandal in the 1780s known as the 'Diamond Necklace Affair' in which a hard-up noblewoman named Jeanne de la Motte pretended to be the French queen and acquired the necklace in her name without payment
A subsequent trial found the queen blameless, yet did little to alleviate her growing notoriety for extravagance which helped fuel the French Revolution and Marie Antoinette's beheading.
"It's likely or possible that some of these diamonds may have come from the famous diamond necklace that led to the downfall of Marie Antoinette," Jessica Wyndham, head of magnificent jewels sales for Sotheby's, told Reuters on Thursday.
"What we've seen is that jewelry with a noble provenance can generate a huge amount of excitement," she added, citing a pearl pendant belonging to the French queen which the auction house sold in 2018 for many times its initial estimate.
The diamonds of the original piece, crafted in 1776, were later sold piecemeal on the black market so are almost impossible to trace. However, some experts say the quality and age of the diamonds point to a match.
The necklace, which resembles a neck scarf, can be worn open or knotted at the front. One of its previous owners was Britain's Marquess of Anglesey and a family member wore it on the occasion of Queen Elizabeth II's coronation, according to Sotheby's.
"I think it's one of the most exciting pieces that we've had for a long time, not only with the provenance, but the design," said Wyndham.