The Free Trade Zone, Industrial Logistics Complex and Song new Port Logistics Complex are under construction in IFEZ. Some of these areas in the process of development.
Yeongjong District is undergoing development focused on the Air Logistics Complex, Cargo Terminal and Industrial Logistics Complex
The ‘Free Trade Zone’ has been designated within Incheon International Airport, with a total area of 2.12km² of airport logistics (0.99km²) and cargo terminal (1.13km²), with the first concentrating on manufacturing and logistics and the latter being operated with the world’s leading airlines and multinational logistics companies
Songdo District will be turned into a distribution hub based on port logistics.
A large-scale logistics complex of more than 4.96km² in the Songdo New Port (Sections 9 and 10) to complete its strategy of becoming the distribution hub of 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 $5million is invested. For more information, please refer to the section on tax reduction and exemption for investment benefits.