Seoul will spend 19.2 billion won ($14.2 million) through 2031 to restore forests on Mount Nam and build new attractions there, including a 360-degree observatory at the summit, the city government said Thursday. Located in central Seoul, Mount Nam is one of the capital city’s best-known landmarks. The city formally announced an urban regeneration plan for Mount Nam and nearby areas, including the Myeong-dong shopping district and Yejang Park, on Thursday. The plan covers about 3.11 million square meters and has 15 projects in four areas. Eight of them are early-stage projects meant to spur further development with the allotted funding. A key part of the plan is a gondola that will run about 832 meters from Yejang Park, near Myeongdong Station, to the summit. It is designed to carry more than 1,600 passengers an hour, over three times as many as the existing cable car. The city said the gondola will make the summit easier to reach for wheelchair users and others with limited mobility. Its operating profits will go toward restoring the mountain’s ecosystem. Construction of the gondola