새로운 시작

We were wondering what does the "N" in N Seoul Tower stand for while we were walking down to the cable car station. Does it stand for "Namsan" or "New"? It could probably be both, though I prefer it to be "New". The Tower may be called Namsan Tower previously but what I saw was the N Seoul Tower - same tower but with a totally different interior. Similarly, here in Seoul, I am the same old self but is ready for a new start ^^