http://www.koreatimes.co.kr/pages/article.asp?newsIdx=254341
"What we are missing in Korea is more luxury hotels. We will probably grow more select services in normal hotels and that is easy. But we don't see there are enough very high-end hotels. I think we are looking for opportunities to bring back a Ritz-Carlton hotel and a W hotel and bring a Bulgari hotel and a St. Regis hotel," Smith said.
I think Seoul could use 2 of these for the luxury high-end hotel market but not all of them. The market is not as brimming great as Mr. Smith makes it seem.