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Status of Investment Attraction
Contracts (Foreign-invested Companies)
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Unit: Cases
MOU signed
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Unit: Cases
Foreign Investment
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Unit: $million
Status of Investment attraction by sector
Biology Sector
Songdo has positioned itself as the center of the bio-industry after having secured the world's unprecedented advanced biopharmaceutical development and manufacturing capabilities with the investment of Samsung and Dong-A Pharmaceutical,
  • FDI Performance of 14 companies including Samsung BioLogics generated $1.68 billion and created 7,443 new jobs
Medical complex investment
Creating high value-added medical services through the development of a complex of hospitals, R&D, educational facilities, manufacturing, and other auxiliary facilities
  • Attracted investment from Osstem Global Co., Ltd.
    • Description: Establishment of production and research facilities for pharmaceuticals and dental medical equipment, as well as the operation of hospitals in Songdo International City
    • Project cost: KRW 200 billion (FDI USD 3.9 million)
    • Employment: approximately 1,500 people
High-tech industry Sector
Creation of new jobs by attracting global enterprises like Amkor Technology and Boeing Training Center for high-tech manufacturing and research facilities and large-scale projects
  • FDI performance of 40 companies including Amkor Technology, and ILJIN Semiconductor Co., Ltd. generated $808.2million and created 17,240 new jobs
Education Sector
Chadwick International School, Dalton Foreign School, and SUNY Korea, the first branch of an American university in Korea were founded in IFEZ. It was followed by the opening of George Mason University and University of Utah in the US, and Ghent University in Belgium in 2014, laying the foundation for IFEZ to become a global education hub.
Logistics Services Sector
Vitalizing the local economy by addressing the shortage of shopping facilities and amenities in IFEZ by attracting Lotte Mall, E-Land, Hyundai Department Store in Songdo and Shinsegae shopping complex in Cheongna , promoting corporate investment and relocation and attracting domestic and foreign tourists
  • Attracted investment from Osstem Global Co., Ltd.
    • FDI performance of 5 companies including Lotte Mall Songdo, etc. generated $71.7 million and created 14,650 jobs
Financial Services Sector
Attracting global financial companies and establishing a financial town to lay the foundation for the growth of Incheon's financial industry and support the revitalization of the local economy
  • Hana Financial Town Development Project
    • Project period : 2014 - 2018, Size: 247,749㎡, Project cost: 730 billion won
    • Signed MOU (February 2012), signed business agreement (July 2014), Started the integrated data center (September 2015)
  • Establishment of the Cheongna International Financial Park
    • Project period : 2015 - 2025, Size : 159,464㎡, Project cost : 1.2 trillion won
    • Business selection (March 2015), signed business agreement (August 2015), SPC establishment (September 2015) - Other fields
Attracting International Organizations
The Green Climate Fund (GCF), the so-called World Bank for the environment, and the Association of World Election Bodies(A-WEB), representing election agencies in more than 150 countries around the world, were inaugurated in October,
  • 1) Provides a groundbreaking opportunity to enhance Korea's national reputation and support the development of the fiscal and financial industries (estimated direct effect is 380 billion won annually, accommodating up to 500 employees)
  • 2) Contributes to the revitalization of the MICE industry, with the direct economic effect of the initial 50 permanent residents and the A-WEB regular general meeting (estimated to increase output and employment by over 60 billion won annually and employ a maximum of 30 people)
Export of cities overseas
As the first export case of the IFEZ development model, a consortium formed by IFEZ and domestic companies offered a consulting service to a new city named Yachay, Ecuador. The consulting service was mainly about developing the city as a hub of the South American economic region powered by university research facilities linked to international business and IT.
  • Signed a contract (worth USD 9.71 million) on April 11, 2012
Regulatory and institutional improvements
A total of 18 cases of deregulation and system improvement have been completed, including the improvement of the foreign investor immigration process, the exclusion of the parcel price cap within the free economic zone, the authorization of the full right to develop and implement plans, the implementation of the real estate immigration system, and the expansion of the tax incentives, among others.
Investment Consultation Guide
Investment Consultation
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