On Wednesday, July 10, 2013, IFEZ signed a business agreement with the Incheon International Exchange Foundation to support foreign residents’ settlement in the free economic zone. The agreement was intended to support the stable settlement of foreign residents living in or active within the Incheon Free Economic Zone and to create a foreigner-friendly living environment. The two organizations planned to carry out various cooperative programs, including living convenience services, language and daily life counseling, cultural exchange, and local adaptation support. The Incheon International Exchange Foundation is an organization that carries out international exchange and foreign resident support programs.