• Journal of the Korean Regional Science Association
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• v.33 no.1
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• pp.59-68
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• 2017

Recently smart City has become a world-widely hot issue. Many cities have been trying to be smarter in solving urban problems. Different Countries and cities have adopted their own approaches. Accordingly, the concept of smart city is defined in diverse ways. This research emphasizes value creation of smart cities. For that purpose, thoughtful sensitivity, accuracy, and speed are critical components in planning smart cities. Among these, thoughtful sensitivity is the most important. Based on these components, policy should be conceived to develop road maps to replicate successful cases to other cities and regions for long-term innovation of regions. Such experiences will be a firm basis for competitiveness and prosperity of our cities.