On October 14, 2022 (Friday), the Incheon Free Economic Zone Authority (IFEZ) signed a memorandum of understanding (MOU) on mutual cooperation with the Federation of Korean Associations in Europe. Through this agreement, plans will be 추진 to develop a European Korean Cultural Town within the Incheon Free Economic Zone (IFEZ), and joint efforts will be initiated to attract the Overseas Koreans Agency to Incheon.