On Wednesday, March 6, 2019, IFEZ signed a mutual cooperation agreement with AIT. AIT is a manufacturer of electrical and electronic components and invests about KRW 11 billion in 7,503㎡ of land at Incheon Hightech Park (IHP) site of Cheongna International City. The AIT manufacturing and research facility will be built as a state-of-the-art manufacturing line with the latest Smart Factory technology from INNOTEC, a joint venture company.