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The Incheon Free Economic Zone (IFEZ), located in Incheon
Incheon

Incheon is a Special cities of Korea and a major seaport on the west coast of South Korea, near Seoul.Human settlement at the location goes back to the Neolithic....
, South Korea
South Korea

South Korea, officially the Republic of Korea , ), often referred to as Korea and the "names of Korea#Revival of the names", is a Semi-presidential system republic in East Asia, located in the southern half of the Korean Peninsula....
 consists of the three regions of Songdo
Songdo

Songdo , meaning "city of pines," can refer to:*Kaesong, North KoreaSongdo , meaning "isle of pines," can refer to:*New Songdo City, a planned ubiquitous city near Incheon, South Korea...
, Cheongna, and the island of Yeongjong and have 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. The term 'Free Economic Zone' applies to the development in these three areas with the aim of improving the business environment for foreign-invested enterprises and the living conditions for foreigners.






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The Incheon Free Economic Zone (IFEZ), located in Incheon
Incheon

Incheon is a Special cities of Korea and a major seaport on the west coast of South Korea, near Seoul.Human settlement at the location goes back to the Neolithic....
, South Korea
South Korea

South Korea, officially the Republic of Korea , ), often referred to as Korea and the "names of Korea#Revival of the names", is a Semi-presidential system republic in East Asia, located in the southern half of the Korean Peninsula....
 consists of the three regions of Songdo
Songdo

Songdo , meaning "city of pines," can refer to:*Kaesong, North KoreaSongdo , meaning "isle of pines," can refer to:*New Songdo City, a planned ubiquitous city near Incheon, South Korea...
, Cheongna, and the island of Yeongjong and have 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. The term 'Free Economic Zone' applies to the development in these three areas with the aim of improving the business environment for foreign-invested enterprises and the living conditions for foreigners. The zone is a specially designated area to create the most favorable business and living environment where foreign nationals can live and invest freely and conveniently. Incheon's Free Economic Zone, the first in Korea, was officially designated by the Korean government in August of 2003. 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.

New Songdo City

Songdo International city
New Songdo City

New Songdo City is a planned international business center to be developed on 1,500 acres of Land reclamation along Incheon's waterfront, 40 miles west of Seoul, Korea and connected to Incheon International Airport by a 7.4 mile highway bridge, called Incheon Bridge....
 began development in 1994 and is being built on reclaimed land. It is designated to become a center of diverse international businesses, a hub for international trade, an area for knowledge-based technologies, and a place for eco-friendly urban living.

In August 2009, Incheon will host the Global Fair & Festival 2009 Incheon, Korea
Global Fair & Festival 2009 Incheon, Korea

The Global Fair & Festival 2009 Incheon, Korea is an international event taking place in Incheon, the third largest metropolitan city in Korea, beginning on August 7th and running through October 25th for a period of 80 days....
 in the New Songdo City for a period of 80 days.

  • Development size:
  • Planned population: 252,000 persons
  • Construction duration: 1994~2020


International Business Center
This project consists of the Songdo Convencia convention centre, the North East Asia Trade Tower (NEATT), many office buildings, and a Jack Nicklaus Golf Course on . The projected budget is approximately 22 billion dollars. The developer is NSIC, a joint venture company between Gail and POSCO
POSCO

The Pohang Iron and Steel Company, or POSCO , based in Pohang, South Korea, is the world's second largest steel maker.Currently, POSCO operates two steel mills in the country, one in Pohang and the other in Gwangyang....
.

Songdo Convencia has been under construction since March 2005 and is due to be completed by early 2009. NEATT has been under construction since February 2007, and the first phase will be finished by the end of 2009. It will contain 65 stories to a height of approximately 300 meters. A central park is also under construction that will be 10% the size of Songdo International City. It will contain a museum, a botanical garden, an artificial lake and will open in June 2009.

Incheon Tower
Incheon Tower
Incheon Tower

The Incheon Tower is a 151-floor, 610 m Supertall in Incheon, South Korea currently under construction. It will cover over six square kilometers of land and will be about away from the nation's capital, Seoul....
 will be located in Construction Area 11. It is proposed 151-floor, 610 meter tower. When completed, it will be the tallest building in east Asia and the third tallest in the world after the Burj Dubai
Burj Dubai

Burj Dubai is a supertall skyscraper under construction in the Business Bay district of Dubai, United Arab Emirates, and is the List of tallest buildings and structures in the world ever built, despite being incomplete....
 (818 m) and the Russia Tower
Russia Tower

The Russia Tower is an unfinished supertall skyscraper, the construction of which is currently suspended, in the Moscow-City of Moscow, Russia....
 (612 m).

Incheon Bridge
Incheon Bridge
Incheon Bridge

The Incheon Bridge is a bridge under construction in South Korea. At its scheduled opening in 2009, it will be the second connection between Yeongjong Island and the city of Incheon....
 is a large bridge that will connect Songdo International City and Yeongjong Island. Upon completion, the bridge will be 12.3 km (7.4 mile) long, and will be second longest bridge in Asia after Penang Bridge in Malaysia, 13.5km.

Yeongjong Island

Yeongjong International City
Yeongjong Island

Yeongjong Island is an island off the west coast of the city of Incheon, South Korea. 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 Incheon International Airport....
’s centering on the Incheon International Airport will be developed as an eco-friendly airport city by 2020. It will be a functional city with residential amenities for airport staff and visitors, as well as logistics, commercial and distribution facilities. Yeongjong will provide an optimal environment for logistic, tourism and leisure in conjunction with the Incheon International Airport.

  • Development size:
  • Planned population: 144,800 persons
  • Duration: 2002~2016


Cheongna

The Cheongna district, on the mainland adjacent Yeongjong Island, will focus on entertainment and will feature a world class theme park. It will also be a residential area with sports facilities, a floriculture complex, and a business area specially designed for international finance.

  • Development Size:
  • Planned population: 90,000 persons
  • Duration: 2004~2008


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