Incheon Free Economic Zone
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Incheon Free Economic Zone
The Incheon Free Economic Zone (IFEZ), located in Incheon, South Korea is a Korean Free Economic Zone that consists of the three regions of Songdo, Cheongna, and the island of Yeongjong and has a total area of . The goal of the IFEZ is to transform these three areas into hubs for logistics, international business, leisure, and tourism for the Northeast Asian region. Incheon's Free Economic Zone was officially designated by the Korean government in August 2003.Free Economic Zone(FEZ)
, Invest Korea IFEZ is planned to be a self-contained living and business district featuring air and sea transportation, a logistics complex, an international business center, financial services, residences, schools and hospitals, and shopping and entertainment centres.


Purpose

The Incheon Free Economic Zo ...
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Incheon
Incheon (; ; or Inch'ŏn; literally "kind river"), formerly Jemulpo or Chemulp'o (제물포) until the period after 1910, officially the Incheon Metropolitan City (인천광역시, 仁川廣域市), is a city located in northwestern South Korea, bordering Seoul and Gyeonggi to the east. Inhabited since the Neolithic, Incheon was home to just 4,700 people when it became an international port in 1883. Today, about 3 million people live in the city, making it South Korea's third-most-populous city after Seoul and Busan. The city's growth has been assured in modern times with the development of its port due to its natural advantages as a coastal city and its proximity to the South Korean capital. It is part of the Seoul Capital Area, along with Seoul itself and Gyeonggi Province, forming the world's fourth-largest metropolitan area by population. Incheon has since led the economic development of South Korea by opening its port to the outside world, ushering in the modernization o ...
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South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has a Demographics of South Korea, population of 51.75 million, of which roughly half live in the Seoul Capital Area, the List of metropolitan areas by population, fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its Gojoseon, first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Unified Silla, Silla and Balhae in the ...
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Korean Free Economic Zone
Korea Free Economic Zones (KFEZ) are designated to strengthen national competition for businesses and promote balanced regional development by improving living conditions and business environments for foreigners in South Korea. Korea's economic zone planning office is in charge of this project. The Korean government provides a variety of tax benefits for foreign firms and foreigners, as well as a simpler regulatory regime, a favorable living environment and swift administrative services. KFEZ endeavors to establish economic and social institutions that lead global trends and provide a variety of incentives. In 2021, Foreign direct investment, Foreign Direct Investment in FEZ upraised 42%, receiving $1.31 billion. Manufacturing sector leads foreign investment, followed by service segment, such as logistics and research and development. The European Union led the investment in the FEZ of South Korea. Currently the EPZ is under control of Bangladesh - Canada joint venture. Mr. R Mehdi ...
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Songdo International Business District
Songdo International Business District (Songdo IBD) is a smart city or "ubiquitous city" & " Private town " built from scratch on of reclaimed land along Incheon's waterfront, southwest of Seoul, South Korea and connected to Incheon International Airport by a reinforced concrete highway bridge called Incheon Bridge. Along with Yeongjong and Cheongna, it is part of the Incheon Free Economic Zone. The Songdo International Business District will feature the Northeast Asia Trade Tower, G-tower, and the Incheon Tower. Schools, hospitals, apartments, office buildings and cultural amenities are to be built in the district. Homages of architectural hallmarks, including New York City's Central Park and Venice's waterways, will also be incorporated. This 10-year development project is estimated to cost in excess of $40 billion, making it one of the most expensive development projects ever undertaken. With 106 buildings and 22 million square ft. of LEED-certified space, the green b ...
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Cheongna
{{advertisement, date=April 2019 Cheong-na International City (also pronounced Cheongla) is a development project in Seo-gu, Incheon, Korea. Cheong-na International City is built on a nearly two million square foot plot of land (5.38 million Korean pyong) that expects a maximum population of 90,000. Being developed in the center of international business and leisure, the city boasts an excellent coastal location that links Yeongjong Island and Incheon International Airport to Seoul via the Incheon International Airport Expressway, the Kyeong-in Expressway, the Incheon International Airport Railroad, and the Kyeong-in Ferry Line. Among the city's first international complexes are GM Korea's Research and Development center, the only international school in Korea to be recognized as a domestic educational institution, the Cheong-na Dalton School, and Jack Nicklaus' Bear's Best golf club — the world's third-ranking golf course after Summerlin and Atlanta. Additionally, the city ha ...
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Yeongjong
Yeongjong Island is an island off the west coast of the city of Incheon, South Korea, which contains Incheon International Airport as well as small villages, farms, and beaches. The previously separate Yongyu, Sammok, and Sinbul Islands have been joined to Yeongjong Island by an area of reclaimed land built for the construction of the airport. The island is an exclave of Incheon Metropolitan City's Jung-gu district, and is accessed via two bridges, Yeongjong Bridge connecting to Seo-gu and Incheon Bridge connecting to Songdo. In addition to the airport, the island is known for Eulwangni Beach and Wangsan Beach on the west coast, and Yongguksa Temple in the central part. The island also has a ferry terminal on its southwest coast for Muuido Island. The Incheon Airport Maglev connects the airport to Yongyu station near the ferry terminal. Incheon Free Economic Zone Yeongjong Island is considered part of the Incheon Free Economic Zone with a concentration on airport logi ...
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Reclaimed Land
Land reclamation, usually known as reclamation, and also known as land fill (not to be confused with a waste landfill), is the process of creating new Terrestrial ecoregion, land from oceans, list of seas, seas, Stream bed, riverbeds or lake beds. The land reclaimed is known as reclamation ground or land fill. In some jurisdictions, including parts of the United States, the term "reclamation" can refer to returning disturbed lands to an improved state. In Alberta, Canada, for example, reclamation is defined by the provincial government as "The process of reconverting disturbed land to its former or other productive uses." In Oceania, it is frequently referred to as land rehabilitation. History One of the earliest large-scale projects was the Beemster, Beemster Polder in the Netherlands, realized in 1612 adding of land. In Hong Kong the Praya Reclamation Scheme added of land in 1890 during the second phase of construction. It was one of the most ambitious projects ever tak ...
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Global Fair & Festival 2009 Incheon, Korea
Incheon (; ; or Inch'ŏn; literally "kind river"), formerly Jemulpo or Chemulp'o (제물포) until the period after 1910, officially the Incheon Metropolitan City (인천광역시, 仁川廣域市), is a city located in northwestern South Korea, bordering Seoul and Gyeonggi to the east. Inhabited since the Neolithic, Incheon was home to just 4,700 people when it became an international port in 1883. Today, about 3 million people live in the city, making it South Korea's third-most-populous city after Seoul and Busan. The city's growth has been assured in modern times with the development of its port due to its natural advantages as a coastal city and its proximity to the South Korean capital. It is part of the Seoul Capital Area, along with Seoul itself and Gyeonggi Province, forming the world's fourth-largest metropolitan area by population. Incheon has since led the economic development of South Korea by opening its port to the outside world, ushering in the modernization ...
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Northeast Asia Trade Tower
The Posco Tower-Songdo or Northeast Asia Trade Tower (Korean: 포스코타워-송도) is a skyscraper in Songdo International City, the world's most expensive private real estate project in the Incheon Free Economic Zone, South Korea. The building is currently South Korea's fourth tallest, and has 68 floors. It surpassed the previous record-holder, Samsung Tower Palace 3 – Tower G in Seoul, when it topped-out in 2009. Although finished in 2011, the completion of its interior had been delayed due to financial complications during a recession. It was surpassed in height in 2017 by the current highest building in South Korea, the Lotte World Tower. The building was intended to be a landmark of the Songdo International Business District which was constructed on unused land along the waterfront near Incheon. It features 19 floors of class A office space, an observatory on the 65th-floor, a luxury hotel, serviced residences, and retail stores. The column-free floors include an office ...
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POSCO
POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure. In 2010, it was the world's largest steel manufacturing company by market value. Also, in 2012, it was named as the world's 146th-largest corporation by the Fortune Global 500. POSCO currently operates two integrated steel mills in South Korea, in Pohang and Gwangyang. POSCO previously operated a joint venture with U.S. Steel, USS-POSCO Industries, in Pittsburg, California, United States, but U.S. Steel acquired full ownership of the facility in February 2020. History 1968–1971 In the 1960s, South Korean administration concluded that self-sufficiency in steel and the construction of an integrated steelworks were essential to economic development. Since South Korea had not possessed a modern steel plant prior to 1968, many foreign and domestic bu ...
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Incheon Tower
The 102 Incheon Tower was a supertall twin tower proposed for construction in Songdo International City, Incheon, South Korea. The design consisted of two 151 floor, supertall skyscrapers connected by three skybridges. The building would have become the tallest twin towers in the world, surpassing the Petronas Towers in Kuala Lumpur, Malaysia, and one of the tallest buildings in Asia. After the late-2000s recession, the tower was postponed with the possibility of a redesign at a lower height. The height of the tower was reduced from 613 metres to 487 metres while keeping the design the same. The Skyscraper was designed to represent Songdo City. It would have included offices, residential space, and a hotel. It would have been a Korean landmark upon completion. The complex was due to be located at the US$35 billion New Songdo City, and would have covered over of land, about from the nation's capital, Seoul. Developer Portman Holdings, run by John Portman John Calvin Portman J ...
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Incheon Bridge
The Incheon Bridge () is a reinforced concrete cable-stayed bridge in South Korea. At its opening in October 2009, it became the second bridge connection between Yeongjong Island and the mainland of Incheon. The Incheon Bridge is South Korea's longest spanning cable-stayed bridge. In comparison, it is the world's tenth longest cable-stayed bridge as of January 2019. The bridge provides direct access between Songdo and Incheon International Airport, reducing travel time between them by up to one hour. The section of the bridge crossing the sea, whose concessionaire is Incheon Bridge Corporation, is funded by the private sector. Korea Expressway Corporation and the Korean Ministry of Land, Transport and Maritime Affairs (MLTM) managed the project. The bridge is located to the south of the Yeongjong Bridge, which was the first bridge connection between Yeongjong Island and the mainland. Construction The main design and build contractor was Samsung C&T Corporation JV ( ...
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