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Incheon Free Economic Zone
The Incheon Free Economic Zone (IFEZ), located in Incheon, South Korea is a Korean Free Economic Zone that consists of the three regions of Songdo, Cheongna, and the island of Yeongjong and has a total area of . The goal of the IFEZ is to transform these three areas into hubs for logistics, international business, leisure, and tourism for the Northeast Asian region. Incheon's Free Economic Zone was officially designated by the Korean government in August 2003. , Invest Korea IFEZ is planned to be a self-contained living and business district featuring air and sea transportation, a logistics complex, an international business center, financial services, residences, schools and hospitals, and shopping and entertainment centers. In February 2024, Dr. Yun Won Sok was named the new Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Incheon
Incheon is a city located in northwestern South Korea, bordering Seoul and Gyeonggi Province to the east. Inhabited since the Neolithic, Incheon was home to just 4,700 people when it became an international port in 1883. As of February 2020, about 3 million people live in the city, making it South Korea's third-most-populous city after Seoul and Busan. The city's growth has been assured in modern times with the development of its port due to its natural advantages as a coastal city and its proximity to the South Korean capital. It is part of the Seoul Metropolitan Area, along with Seoul itself and Gyeonggi Province, forming the world's fourth-largest List of metropolitan areas by population, metropolitan area by population. Incheon has since led the economic development of South Korea by opening its port to the outside world, ushering in the modernization of South Korea as a center of industrialization. In 2003, the city was designated as South Korea's first free economic zon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia. It constitutes the southern half of the Korea, Korean Peninsula and borders North Korea along the Korean Demilitarized Zone, with the Yellow Sea to the west and the Sea of Japan to the east. Like North Korea, South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has Demographics of South Korea, a population of about 52 million, of which half live in the Seoul Metropolitan Area, the List of largest cities, ninth most populous metropolitan area in the world; other major cities include Busan, Daegu, and Incheon. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Gojoseon, Its first kingdom was noted in Chinese records in the early seventh century BC. From the mid first century BC, various Polity, polities consolidated into the rival Three Kingdoms of Korea, kingdoms of Goguryeo, Baekje, and Sil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korean Free Economic Zone
Korea Free Economic Zones (KFEZ) are designated to strengthen national competition for businesses and promote balanced regional development by improving living conditions and business environments for foreigners in South Korea. Korea's economic zone planning office is in charge of this project. The Korean government provides a variety of tax benefits for foreign firms and foreigners, as well as a simpler regulatory regime, a favorable living environment and swift administrative services. KFEZ endeavors to establish economic and social institutions that lead global trends and provide a variety of incentives. In 2021, Foreign Direct Investment A foreign direct investment (FDI) is an ownership stake in a company, made by a foreign investor, company, or government from another country. More specifically, it describes a controlling ownership an asset in one country by an entity based i ... in FEZ upraised 42%, receiving $1.31 billion. Manufacturing sector leads foreign investment, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Songdo International Business District
Songdo (), officially known as Songdo International Business District (Songdo IBD), is a smart city built on of reclaimed land along Incheon's waterfront, southwest of Seoul, South Korea. It is connected to Incheon International Airport by a reinforced concrete highway bridge called Incheon Bridge. Along with Yeongjong and Cheongna, it is part of the Incheon Free Economic Zone. The Songdo smart city features amenities across the district. Homages of architectural hallmarks, including New York City's Central Park and Venice's waterways, will also be incorporated. Many of the buildings were constructed as LEED-certified space, the green building certification by the United States Green Building Council. Today, Songdo is a community of 167,000 residents located within one of three Free Economic Zones (IFEZ) in Incheon, South Korea. The project has been approximately 86% completed. Aside from residential areas, the location is also home to a Global Campus, Pharma Hub, Star ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cheongna
Cheong-na International City (also pronounced Cheongla) is a development project in Seo District, Incheon, South Korea. The city is built on a nearly two million square foot plot of land (5.38 million Korean pyong) that expects a maximum population of 90,000. The city is located on the coast and near to Yeongjong Island and Incheon International Airport to Seoul via the Incheon International Airport Expressway, the Kyeong-in Expressway, the Incheon International Airport Railroad, and the Kyeong-in Ferry Line. Among the city's first complexes are GM Korea's Research and Development center, the only international school in Korea to be recognized as a domestic educational institution, the Cheong-na Dalton School, and Jack Nicklaus' Bear's Best Golf club the world's third-ranking Golf course after Summerlin and Atlanta.The city has scheduled other projects such as the 450 meter-high CC Tower, the largest domestic lake park in Korea, an international business and finance center, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yeongjong
Yeongjong Island () is an island in Jung District, Incheon, South Korea. It contains Incheon International Airport as well as small villages, farms, and beaches. The previously separate Yongyu, Sammok, and Sinbul Islands have been joined to Yeongjong Island by an area of reclaimed land built for the construction of the airport. Description The island is an exclave An enclave is a territory that is entirely surrounded by the territory of only one other state or entity. An enclave can be an independent territory or part of a larger one. Enclaves may also exist within territorial waters. ''Enclave'' is s ... of Incheon's Jung District, and can be accessed from the mainland via two bridges, Yeongjong Bridge and Incheon Bridge. In addition to the airport, the island is known for Eulwangni Beach and Wangsan Beach on the west coast, and the temple Yongguksa in the central part. The island also has a ferry terminal on its southwest coast for daily ferry service to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Direct Investment
A foreign direct investment (FDI) is an ownership stake in a company, made by a foreign investor, company, or government from another country. More specifically, it describes a controlling ownership an asset in one country by an entity based in another country. The magnitude and extent of control, therefore, distinguishes it from a foreign portfolio investment or foreign indirect investment. Foreign direct investment includes expanding operations or purchasing a company in the target country. Definitions Broadly, foreign direct investment includes mergers and acquisitions, building new facilities, reinvesting profits earned from overseas operations, and intra company loans. In a narrow sense, foreign direct investment refers just to building new facility, and a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. FDI is the sum of equity capital, long-term capital, and short-term capital as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Songdo
Songdo (), officially known as Songdo International Business District (Songdo IBD), is a smart city built on of reclaimed land along Incheon's waterfront, southwest of Seoul, South Korea. It is connected to Incheon International Airport by a reinforced concrete highway bridge called Incheon Bridge. Along with Yeongjong and Cheongna, it is part of the Incheon Free Economic Zone. The Songdo smart city features amenities across the district. Homages of architectural hallmarks, including New York City's Central Park and Venice's waterways, will also be incorporated. Many of the buildings were constructed as LEED-certified space, the green building certification by the United States Green Building Council. Today, Songdo is a community of 167,000 residents located within one of three Free Economic Zones (IFEZ) in Incheon, South Korea. The project has been approximately 86% completed. Aside from residential areas, the location is also home to a Global Campus, Pharma Hub, Startup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reclaimed Land
Land reclamation, often known as reclamation, and also known as land fill (not to be confused with a waste landfill), is the process of creating new land from oceans, seas, riverbeds or lake beds. The land reclaimed is known as reclamation ground, reclaimed land, or land fill. History In ancient Egypt, the rulers of the Twelfth Dynasty (c. 2000–1800 BC) undertook a far-sighted land reclamation scheme to increase agricultural output. They constructed levees and canals to connect the Faiyum with the Bahr Yussef waterway, diverting water that would have flowed into Lake Moeris and causing gradual evaporation around the lake's edges, creating new farmland from the reclaimed land. A similar land reclamation system using dams and drainage canals was used in the Greek Copaic Basin during the Middle Helladic Period (c. 1900–1600 BC). Another early large-scale project was the Beemster Polder in the Netherlands, adding of land in 1612. In Hong Kong, the Praya Reclamation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smart City
A smart city is an urban area that uses digital technology to collect data and operate services. Data is collected from citizens, devices, buildings, or cameras. Applications include traffic and transportation systems, power plants, utilities, urban forestry, water supply networks, waste disposal, criminal investigations, information systems, schools, libraries, hospitals, and other community services. The foundation of a smart city is built on the integration of people, technology, and processes, which connect and interact across sectors such as healthcare, transportation, education, infrastructure, etc. Smart cities are characterized by the ways in which their local governments monitor, analyze, plan, and govern the city. In a smart city, data sharing extends to businesses, citizens, and other third parties who can derive benefit from using that data. The three largest sources of spending associated with smart cities as of 2022 were visual surveillance, public transit, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Green Climate Fund
The Green Climate Fund (GCF) is a Funding, fund for climate finance that was established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC). Considered the world's largest fund of its kind, GCF's objective is to assist Developing country, developing countries with climate change adaptation and Climate change mitigation, mitigation activities. The GCF is an operating entity of the financial mechanism of the UNFCCC. It is based in Songdo, Incheon, South Korea. It is governed by a Board of 24 members and supported by a Secretariat. Mafalda Duarte, a Portuguese development economist, is the Fund's Executive Director. The Green Climate Fund supports projects and other activities in developing countries using ''thematic funding windows''. It is intended that the Green Climate Fund be the centrepiece of efforts to raise Climate Finance, climate finance under the UNFCCC. There are four other, smaller Multilateralism, multilateral climate funds for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yeongjong Island
Yeongjong Island () is an island in Jung District, Incheon, South Korea. It contains Incheon International Airport as well as small villages, farms, and beaches. The previously separate Yongyu, Sammok, and Sinbul Islands have been joined to Yeongjong Island by an area of reclaimed land built for the construction of the airport. Description The island is an exclave of Incheon's Jung District Jung District (), meaning "Central District", is the name of a ''gu'' (district) in several South Korean cities: *Jung District, Busan *Jung District, Daegu *Jung District, Daejeon *Jung District, Incheon *Jung District, Seoul *Jung District, Ulsan ..., and can be accessed from the mainland via two bridges, Yeongjong Bridge and Incheon Bridge. In addition to the airport, the island is known for Eulwangni Beach and Wangsan Beach on the west coast, and the temple Yongguksa in the central part. The island also has a ferry terminal on its southwest coast for daily ferry service to the island ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
