Home > Business > Economy

Incheon economic zone unveils promo office

Published: 24 Mar. 2015, 21:06

Incheon Mayor Yoo Jeong-bok tests an eco-bicycle at the new promotion office at the Incheon Free Economic Zone. Provided by the IFEZ

The Incheon Free Economic Zone (IFEZ) opened a relocated promotion office on Tuesday on the 33rd floor of its headquarters in G Tower, offering a 360-degree view of Songdo International City and Korea’s west coast.

IFEZ spent 2.1 billion won ($1.9 million) on the 1,270-square-meter (13,67l0-square-foot) office that took six months to complete.

The office consists of multiple areas that feature investment opportunities in Incheon and Songdo and consulting. In one, children can experience mud tidelands of the West Coast.

For the past decade, a total of 280,000 visitors have dropped by the promotion office, an average of 75 a day. About 35,400 were foreigners.

IFEZ, located beside Incheon International Airport, is the nation’s largest free economic zone open to foreign businesses.

According to IFEZ data, the free economic zone attracted $5.1 billion in foreign direct investment as of the latter half of 2013 and is home to branches of 29 foreign companies.

The free economic zone consists of three districts: Songdo, Yeongjong and Cheongna. Songdo specializes in IT and biotechnology businesses, while Yeongjong is for shipping and tourism businesses, and Cheongna for financial and leisure industries.

BY KIM JI-YOON [[email protected]]