The Free Trade Zone, Industrial Distribution Complex, and Songdo New Port Distribution Complex are being constructed in IFEZ. Some of these areas are in the process of development
Yeongjong District is undergoing development, focused on the Aviation Distribution Complex, Cargo Terminal, and Industrial Distribution Complex
The “Free Trade Zone” has been designated within Incheon International Airport, with its Aviation Distribution (0.99 ㎢) and Cargo Terminal (1.09㎢) - a total of 2.08㎢. The Aviation Distribution Complex has promoted residential corporations based on manufacturing, distribution, and ETHAO and Cargo Terminals with the world’s leading airlines and multi-purpose distribution businesses, operating since 2006. Currently, international enterprises owning global networks such as DHL and TNT have decided to invest and move into this area.
As soon as the 2nd phase of the construction is complete, 4.13 ㎢ of distribution facilities - 1.98 ㎢ of Airport Free Trade Zone and 2.14 ㎢ of Cargo Terminals will be constructed to increase the capacity of airport distribution
Songdo District will be turned into a distribution hub based on port logistics.
A total of 13.22㎢ of large distribution complexes will be constructed at Songdo New Port (sections 8, 9, and 10) to carry out distribution hub strategies for Northeastern Asia.
Foreign investment corporation promotion for distribution is divided into complex construction and facility relocation.
Distribution complex construction is a public infrastructure business, so IFEZ and Incheon Metropolitan City will construct a complex through public development and provide foreign investment corporations with facility sites through lease and sales to promote distribution, retail and wholesale, and distribution related corporations.
Relocation decisions on foreign investment corporations are aligned with the investment promotion guidelines of IFEZ, and will be confirmed based on the submitted business plans (investment proposals) and discussion.
Distribution facilities in the Free Economic Zone and Free Trade Zone are provided with tax reduction benefits on governmental and local taxes if more than $5 million is invested. Investments higher than $10 million can be designated as foreign investment zones.