On December 22, 2009 (Tuesday), IFEZ signed a funding support agreement with the Bongdeok Academy Foundation for the establishment of a foreign school in Cheongna International City. The agreement was intended to expand the educational infrastructure and improve residential conditions in Cheongna International City by establishing a financial support and cooperation framework needed for the school project. It will contribute to creating an international educational environment that supports employees of foreign-invested companies and domestic and overseas residential demand.