On June 8, 2015 (Monday), IFEZ signed a memorandum of understanding for the Global Innovation Academy with Yonsei University and SK Incheon Petrochemical. The agreement was arranged to foster globally competitive talent based on industry-academia cooperation and to operate educational programs linked to industrial sites. Yonsei University is a higher education and research institution, and SK Incheon Petrochemical is a company that produces petrochemical products.