On Tuesday, July 19, 2016, IFEZ declared the “Global Business Frontier 2030 Vision” in response to rapidly changing domestic and international conditions. The vision presented a goal of advancing as a growth hub of the Republic of Korea and an international business center under a broader economic initiative encompassing the Pan-Pacific Region. Based on Songdo International City, Yeongjong International City, and Cheongna International City, IFEZ announced plans to continue promoting investment attraction, fostering advanced industries, and creating a globally competitive living environment.