On Thursday, November 23, 2023, IFEZ signed a memorandum of understanding for mutual cooperation with Incheon Global City Co., Ltd. for the creation of a global overseas Korean town. After successfully hosting the Overseas Koreans' Office Incheon Metropolitan City in May 2023, IFEZ plans to expand the concept of a European Korean Cultural Town to revitalize the Overseas Koreans' Office, creating a global overseas Koreans' town to attract the culture and business of Koreans not only in Europe but also around the world.