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Midan City, located in the Yedanpo region of northeastern Yeongjong area, is a project being promoted through international competition for the first time among Korea’s free economic zones. Foreign investors such as Lippo Limited, Hong Kong-based Chinese trader, and U.S. Koam, and domestic organizations, construction and financial companies have been participating in and developing the new city project together. Midan City is a self-sufficient global free city where residence, commerce, business, education, culture, tourism and leisure are combined all together, being constructed with the aim of ‘Beyond Hong Kong’.
- Size : 2,710,342.4㎡
- Implementer : Midan City Development Co., Ltd., Incheon Development & Tourism Corporation
- Period : 2006 ~ 2020 (Anchor project will be completed in 2014)
- Project Cost : Estimated total 5 trillion won (Development of SPC, amenities, upper-building)
- Promotion Method : Attracting domestic and foreign investors for each project
& Implementing project by attracting client and tenants
01. Landmark Tower
- Size : 134,662㎡
- Floor Area Ratio : 275~500%
- Gross Area : 576,333㎡
- Features : housing, hotel, office, residence, commercial shopping mall, etc.
- Project Cost : 392 billion won (estimated)
02. Resort Hotel with Casino
- Size : 94,120㎡
- Floor Area Ratio : 260~300%
- Gross Area : 263,710㎡
- Building : 3 basements, 50 floors above ground
- hotel (6-star 250 rooms, 5-star 650 rooms), boutique, condominium, international conference hall, museum, shopping mall, restaurant, water partk, urban entertainment center, etc.
- Project Cost : 630 billion won(estimated)
03. Mega Shopping Entertainment Complex
- Size : 91,035㎡
- Floor Area Ratio : 300%
- Gross Area : 273,105㎡
- Features : shopping mall, hotel, office, entertainment, etc.
- Project Cost : 312 billion won(estimated)
04. International School
- Size : 64,904㎡
- Floor Area Ratio :150%
- Gross Area : 97,356㎡
- Building Size : 3 floors above ground, 4 floors above ground for teacher’s building, 1 basement floor for service building, 8 floors of dormitory
05. International Healthcare Center
- Size : 39,700㎡
- Floor Area Ratio :250%
- Gross Area : 99,290㎡
- Features : 5 floors (200 beds) of hospital building, free care, care program, F&B, Pharmacy, etc.
- Project Cost : 83 billion won(estimated)
06. Korean American Village
- Size : 70,000㎡
- Floor Area Ratio : 250%
- Gross Area : 233,761㎡
- Features : 720 households of senior welfare housing (apartment-type), 1,326 households of officetel, Korean American Center, residence hotel (243 rooms), 6-hole golf course, multicultural garden, etc.
- KAV Development Co., Ltd.
- SPC participants: Koam International, Midan City Development, Won Young Construction, etc.
- Project Cost : 550 billion won(estimated)
07. Fishing Village for Tourism
- Period : 2011 ~ 2014
- Location : general commercial area (Yedanpo Port)
- Size : 26,775㎡
08. Learning Chinese & Culture Experiencing
- Size : 55,570㎡
- Floor Area Ratio : 100~200%
- Building : 3 basements, 5 floors above ground
- Features : education, culture, commerce, restaurant and residence facilities, etc.
- Project Cost : 120 billion won(estimated)
09. City in City
- Size : 89,200㎡
- Floor Area Ratio : 400~600%
- Gross Area : 375,300㎡
- Features : multipurpose building, office, premium shopping mall, 5-star hotel with 300 rooms, residential&commercial building, office, premium shopping mall, 5-star hotel with 300 rooms, etc.
- Project Cost : 310 billion won(estimated)