On Friday, August 20, 2021, IFEZ signed a business agreement with the Songdo Management Association. The agreement was promoted to strengthen mutual cooperation in attracting outstanding companies and new association members, participating in social contribution activities jointly carried out by IFEZ and companies, sharing information on member companies, technology development efforts and innovation cases, and expanding management consulting support in areas such as education and training, labor affairs, and taxation. The Songdo Management Association was launched in July 2011 to promote exchanges in management, technology, and technical skills within Songdo International City, and is composed of a total of 140 companies and institutions, including 48 full member companies based in Yeonsu-gu and Songdo International City.