Incheon Free Economic Zone

Gateway to Korea Wide Open to the World

/portal/en/ifez.do

Incheon Free Economic Zone

Incheon Free Economic Zone
Gateway to Korea Wide Open to the World

Incheon is turning itself into the business hub of Northeast Asia. The city has a well-established transportation network including Incheon International Airport -- which was ranked first in airport service quality by the Airports Council for 10 consecutive years -- Incheon port and the international business complex. Boasting a highly effective business environment, the IFEZ offers almost everything from logistics and medical services to education and cutting-edge industries.

  • Designation Date2003.8.11
  • Development period 2003 to 2022

ifez

Advantages

Business hub that international organizations and companies chose
  • The thirteen international organizations located in Incheon include the World Bank, the Green Climate Fund, and the Association of World Election Bodies.
  • 75 multinational companies from 15 countries have set up in Incheon, including Samsung BioLogics, Celltrion, Boeing, BMW and GM.
The most attractive city to enter East Asian market
  • Incheon has a geographical advantage in Chinese market access due to its close proximity to major cities in China including Beijing and Shanghai.
  • Incheon is within a 3 hour flight of 61 mega cities with more than 1 million population.
Center of logistics and transportation
  • Incheon International Airport, a Northeast Asian hub, was ranked first in airport service quality by the Airports Council for 10 straight years.
  • Incheon is a state-of-the-art port that can handle 12,000-TEU mega cargo ships.
  • The transportation network connects Incheon to Seoul and the metropolitan area within one hour.
Best living environment for quality life
  • Incheon is a city based on ubiquitous internet connectivity, where eco-friendliness and convenience coexist.
  • The city offers prestigious education services through renowned schools including New York State University, George Mason University and Ghent University of Belgium.
  • Incheon has various cultural festivals and tourism and leisure facilities.

Incheon Free Economic Zone Major projects

  • Songdo International Business District

    Detail view

    53.36㎢

    • LocationSongdo-dong, Yeonsu-gu, Incheon
    • Project cost21,544.2 billion
    • Business period2003 to 2030
    • Planned population265,611
    • Bio-Industry Develop a bio-front where international hospitals, bio industry·research complex are accumulated
    • Education·Research Establish a groundwork for converging technology type industry innovation cluster with the accumulation of the global prestigious educational institution and research complex
    • Culture·Tourism Establish a high-quality cultural resort by creating facilities such as an art center, venue for rock and popular music, leisure facility near the water, etc.
    • MICE Industry Establish the second level of Convensia, create MICE complex and promote a global convention specialized in linking international organizations
  • Yeongjong International City

    Detail view

    51.26㎢

    • LocationYeongjong, Yongyudo, Jung-gu
    • Project cost123,898 billion
    • Business period2003 to 2027
    • Planned population183,762
    • Complex TourismDevelop a Korean model of complex resort targeting family units and the tourism complex such as ocean leisure linking the Marina District
    • Aviation DistributionFocus on supporting the Incheon International Airport to become the hub airport of the international parcels
    • Aviation IndustryThe aviation industry cluster where educational institution and manufacturing·research facilities related to aviation are accumulated
  • Cheongna International City

    Detail view

    17.81㎢

    • LocationGyeongseo, Yeonhui, and Wonchang-dong, Seo-gu, Incheon
    • Project cost65,965 billion
    • Business period2003 to 2021
    • Planned population98,060
    • International Work Selects a theme of industry, such as finance and insurance, to attract the related business facilities (a division of roles through the creation of finance cluster with a wide area of Yeouido (functions as back-office))
    • Robot Industry Create robot R&D industry·research complex and robot theme park
    • Manufactured Parts A manufactured parts research·production district based on IHP, GM Korea site, etc.
    • Tourism Distribution Create a large scale shopping distribution tourism complex to attract both domestic and international tourists

Major resident companies

  • Celltrion Inc.

    [U.S.] Celltrion Inc. Biopharmaceuticals manufacturing and research
  • GM Korea

    [U.S.] GM Korea CTT and R&D
  •  Amkor Technology Korea

    [U.S.] Amkor Technology Korea Manufacturing facilities and R&D center for next-generation semiconductor packaging
  • CJ Systema

    [Korea] CJ Systems Global R&D Center

Contact point

  • Tel032-120
  • Investment consultation032-453-7032
Online Investment Consultations

Songdo International City

Yeongjong Area

Cheongna International City

New Port Area

Myeongji Area

Ungdong Area

Jisa Area

Dudong Area

Gwangyang District

Yulchon District

Sindeok District

Hadong District

Hwayang District

Gyungdo District

Pyeongtaek Area - Poseung District

Hyeondeok

Siheung-Baegot

Daegu Technopolis District

International Fashion District

Sinseo Meditech District

Yeongcheon Industry District

Suseong Medical District

Pohang Fusion Tech District

Gyeongsan Knowledge Industry District

Yeongcheon High-tech Park

Bukpyeong high-tech parts multifunctional industrial complex

Mangsang International Multifunctional Tour City

Okgye high-tech material · parts convergence and integration complex

Osong Biovalley

Cheongju Aeropolis

Smart Energy Industrial ZoneⅠ

Smart Energy Industrial ZoneⅡ

AI Convergence District

Future Automotive Industry District

Hydrogen Industry Base District

Electrogen Auto Valley

R&D Business Valley