On Wednesday, January 15, 2020, IFEZ and the representative of NSIC (Songdo International City Development Co., Ltd.) signed a memorandum of understanding for establishing a development strategy for undeveloped areas of Songdo International Business Complex. The Songdo International Business Complex is a business, commercial, education, and residential facility in the 5.80㎢ area of Songdo District 1 and 3, and Incheon Metropolitan City and NSIC are the project operators, and currently have about 74% development progress.