IFEZ(Incheon Free Economic Zone)

Investment Support

Individual Business

Investment Procedure for Individual Businesses

With a total area of 122.43㎢ and the capacity to house 538,000 people, the Incheon Free Economic Zone is a large-scale project. Various facilities are planned to be developed in the three districts. In addition to the implementation of development projects, industrial complexes, logistics facilities and many other projects are in progress.
Therefore, detailed project plans related to the construction of apartments, distribution centers and commercial facilities, hotels and business facilities should be implemented in line with pertinent individual laws. For this, IFEZ endeavors to provide full support services for timely project implementation.

Common Housing (Apartments): Investor's application for business approval; Preliminary evaluation by relevant departments; Approval of business plan application; Self-review and consultation with related agencies; Issuance of business plan approval; Construction commencement; Recruitment of tenants; Approval of use and registration of building management target

General buildings (Department stores, etc.): The owner's application for business approval; Preliminary review prior to construction; Application for a building permit; Self-review and consultation with related agencies; Issuance of building permit; Construction commencement and use approval

Tourist Hotels: Application for approval of the business plan; Approval of business plan; Commencement and completion of building permits; Application for registration; Registration Review Committee Deliberation; Opening of business

Medical Institutions: Application for permission to open a medical institution; Review of opening permit; Permission to open a medical institution
(Issuance of Permit)