The main event New years Eve fireworks event is held at the Bosingak Belfry in Jongno, Seoul City. All the mains street leading to Bosingak Belfry are closed to traffic for the duration of the event. Koreans start the New Year with the Bosingak bell ringing 33 times. From New Years Eve at midnight, the night watch bell rings across the whole nation.
The traditional heart of Seoul is the old Joseon Dynasty city, now the downtown area, where most palaces, government offices, corporate headquarters, hotels, and traditional markets are located. Cheonggyecheon, a stream that runs from west to east through the valley before emptying into the Han River, was for many years covered with concrete, but was recently restored through an urban revival project in 2005. The most historically significant street in Seoul is Jongno, meaning "Bell Street," on which one can find Bosingak, a pavilion containing a large bell. The bell signaled the different times of the day and therefore controlled the four major gates to the city. The only time it is usually rung now is at midnight on New Year's Eve, when it is rung thirty-three times. It was, however, rung on the day that President Kim Dae-jung took office. To the north of downtown is Bukhan Mountain, and to the south is the smaller Namsan. Further south are the old suburbs of Yongsan-gu and Mapo-gu. Across the Han River are the newer and wealthier areas of Gangnam-gu, Seocho-gu and surrounding neighborhoods.
Major modern landmarks in Seoul include the Korea Finance Building, N Seoul Tower, the World Trade Center and the seven-skyscraper residence Tower Palace. These and various high-rise office buildings, like the Seoul Star Tower and Jongno Tower, dominate the city's skyline. Due to its high density, Seoul has a vast array of skyscrapers; the city council is now planning a series of new highrises, including a 640-meter business center in Sangam Digital Media City district and the 523-meter Lotte World 2 Tower in the Jamsil (pronounced "Jam-shil") district of Songpa-gu and Gangdong-gu.
The World Trade Center of Korea, located in Gangnam-gu, hosts various expositions and conferences. Also in Gangnam-gu is the COEX Mall, a large indoor shopping and entertainment complex. Downstream from Gangnam-gu is Yeouido, a island that is home to the National Assembly, major broadcasting studios, and a number of large office buildings, as well as the Korea Finance Building and the world's largest Pentecostal church. The Olympic Stadium, Olympic Park, and Lotte World are located in Songpa-gu, on the south side of the Han River, upstream from Gangnam-gu.
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