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New Songdo City
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New Songdo City is a planned international business center to be developed on 1,500 acres (6 kmē) of reclaimed land along Incheon's waterfront, 40 miles (65 km) west of Seoul, Korea and connected to Incheon International Airport by a 7.4 mile (12.3 km) highway bridge, called Incheon Bridge. Along with Yeongjong and Cheongna, it is part of the Incheon Free Economic Zone. The Songdo International Business District (IBD) will include a convention center, international school, museum, ecotarium, cultural center, Jack Nicklaus Golf Course, Northeast Asia Trade Tower (NEATT), First World Towers, Central Park, and Incheon Tower.
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Encyclopedia
New Songdo City is a planned international business center to be developed on 1,500 acres (6 kmē) of reclaimed land along Incheon's waterfront, 40 miles (65 km) west of Seoul, Korea and connected to Incheon International Airport by a 7.4 mile (12.3 km) highway bridge, called Incheon Bridge. Along with Yeongjong and Cheongna, it is part of the Incheon Free Economic Zone. The Songdo International Business District (IBD) will include a convention center, international school, museum, ecotarium, cultural center, Jack Nicklaus Golf Course, Northeast Asia Trade Tower (NEATT), First World Towers, Central Park, and Incheon Tower. This 10-year development project is estimated to cost in excess of $40 billion, making it the largest private development project ever undertaken anywhere in the history of the world. The project aspires to make the city and South Korea the preeminent business hub of Asia.
When completed in 2015, the city's infrastructure will be a test bed for new technologies, and the city itself will exemplify a digital way of life. "It will be one of the world's first cities in which all information systems - residential, medical, business - are linked."
The development is being undertaken by an international joint venture led by Gale International and POSCO. The masterplan was designed by the New York office of Kohn Pedersen Fox (KPF). Infrastructure development, labor, and funding are also being provided by the city of Incheon.
Yonsei Songdo Global Academic Complex
Originally agreed to on May 8, 2006 between the city of Incheon and Yonsei University, the Yonsei Songdo Global Academic Complex will be an anchor of the R&D aspect of the Songdo area and bolster the Korean education and research industries. Construction will be in two phases with the first phase including the Global Campus, Joint University Campus, R&D Campus, and the Global Academic Village. Phase one is expected to be complete in 2010 allowing phase two to begin the next year in 2011 with further expansion.
The Joint University Campus aspect of the project is expected to be either an overseas campus of a major foreign research university or a joint campus created and managed between such a university and Yonsei University. This joint campus will be integrated and fully compatible with the Yonsei University program.
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