Investment Zones
Songdo International City Development Outline
Songdo International City
Songdo, a global hub for the high-tech knowledge service industry
It is being developed as a global hub for the IT, BT, knowledge and service industries. The second development phase of Songdo Convensia, which would accelerate high value-added MICE sector, is successfully being implemented. Also, Songdo brought together a cluster of 15 international organizations and prestigious foreign institutions.
Development Outline
- LocationRegion of Songdo-dong, Yeonsu-gu, Incheon Metropolitan City
- Area53.36㎢
- Project cost21.5442 trillion won
- Project Period2003 - 2030
- Estimated population265,611 (104,112 households)
- Major Development PlansInternational Business Complex, Knowledge Information Industry Complex, Bio Complex, Songdo International Complex, High-tech Industrial Cluster, Songdo Landmark City, Incheon New Port, etc.
Development Direction
Bio-industry
Bio-industry
Establishment of Bio-Front, a hub for international hospital, bio-industry, and research facilities
Education·Research
Education·Research
Laying the foundation for an industrial innovation cluster centered on convergence technologies by bringing together prominent research and educational institutions
Culture·Tourism
Culture·Tourism
Creation of a world-class cultural tourist complex by building a venue for popular music performances and recreational amenities along the sea.
MICE industry
MICE industry
Promotion of specialized global conventions in connection with completion of second phase of Convensia, development of a MICE complex and international organizations
Progress Status
| Reclamation works | Infrastructure | ||||
|---|---|---|---|---|---|
| Planned area | Landfill area | Road | Water Supply | Sewerage System | Bridges |
| 46.20㎢ | 29.01㎢ | 130.9km | 203.4km | 315.9km | 6 |
Incheon Bridge
| Date of completion | Method | Length | Bridge span | Project cost | ||
|---|---|---|---|---|---|---|
| Total | Bridge | Connecting road | ||||
| 2009.10.16 | Cable-stayed bridge | 21.38km | 12.34km | 9.04km | 800m | 2.468 trillion won |
Development Project Progress
| Category | Development Project Name | Development Area | Rate of Progress | Progress Status |
|---|---|---|---|---|
| Total | 16 | 53.36㎢ | 75.4% | |
| Zone 1ㆍ3 | International Business Complex | 5.80㎢ | 100% | Convensia, NEATT, Songdo Central Park, Commercial district development, etc. |
| Zone 1 | Fishermen's Livelihood Support Complex | 0.31㎢ | 100% | Creation of convenience facilities and urban functions |
| Zone 4 | Urban Development Project | 1.30㎢ | 100% | Creation of an urban district |
| Zone 2ㆍ4 | Knowledge & Information Industrial Complex | 2.40㎢ | 100% | Incheon Technopark Industrial Technology Complex, General Industrial Complex |
| Zone 4 | Bio-complex | 1.32㎢ | 100% | Incheon University, move-in of biotech companies |
| Zone 7 | Songdo International Complex | 1.42㎢ | 100% | Completion of Yonsei University Phases 1 and 2 |
| Zone 7 | Incheon Global Campus | 0.39㎢ | 100% | Completed construction of Phases 1 Zone 3 |
| Zone 5 | Incheon Technopark Expansion Complex | 0.65㎢ | 100% | Incheon Technopark Industrial Technology Complex, Street Mall |
| Zone 5ㆍ7 | High-tech Industrial Cluster (B) | 3.54㎢ | 100% | Creation of Samsung Biologics, Polar Research Institute, and other industry-academia research clusters |
| Zone 6ㆍ8 | Songdo Landmark City | 5.80㎢ | 85.5% |
Completed infrastructure construction in the first phase, agreed to normalize SLC development projects International public project site investment promotion is in progress |
| Zone 9 | A-am Logistics Complex | 2.63㎢ | 93.2% | Urban infrastructure construction is in progress |
| Zone 9 | International Passenger Terminal | 1.33㎢ | 100% | Completed construction of the cruise terminal whereas urban infrastructure construction is in progress |
| Zone 10 | New Port Logistics Complex (A,B) | 9.91㎢ | 44.6% | Construction of the first phase of the container pier, the start of construction of the Phase 1 of the Incheon Port inland complex |
| Zone 11 | High-tech Industrial Cluster© | 12.45㎢ | 54.3% | Completed reclamation work in Zone 11-1; Zone 11-2 reclamation work is in progress |
| Zone 11 | Government Ship Pier | 0.33㎢ | 100% | Phase 1 (shore protection 660.3m) Project completed |
The difference in the development area: 3.78㎢ was not included in A-am Park