About IFEZ

The Free Economic Zone (FEZ)?

Refers to an area where business and economic activities of foreign investors are guaranteed by promoting systems and conditions that differ from other areas.
Thus The Free Economic Zone is an international city that offers taxation support, free economic activities, high quality administrative services, and a convenient living environment.

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IFEZ was designated by the Central Government with an area size of 132.9㎢ in August 2003. It encompasses Songdo, Yeongjong, and Cheongna International Cities, including Incheon International Airport/ Ports.

Incheon is where the country’s west coast originates, serving as the gateway to Seoul and a metropolitan area with 23 million people and the center of Korea’s economic, industrial, and land development. Located 8㎢ from downtown Incheon and 50㎞ from the center of Seoul, IFEZ, and its adjacent Incheon Port, are highly accessible, with major metropolitan areas only 60~90 minutes away.

 

Location

  • Regions of Yeonsu-gu (Songdo District), Jung-gu (Yeongjong

  • District), Seo-gu (Cheongna International City)

  • Located on the west coast, adjacent to Seoul

 

Area

  • Total 132.9㎢

  • Songdo District(53.4㎢), (Yeongjong District(61.7㎢), Cheongna International City(17.8㎢)

 

Accessibility

  • Approximately 50㎞ distance from downtown of Seoul

  • Major metropolitan cities, such as Suwon, Anyang, Gwangmyeong, and Bucheon accessible in under an hour

  • Bridge role between China and Japan, both countries 1~2 hours away

 

PotentialMarket

  • Population of 2.9 million in Incheon Metropolitan City

  • 23 million people in Seoul and its surrounding metropolitan regions (48% of the national population)

  • 147 foreign cities with a population of 1 million or more within the distance of 3 flight hours away, large consumption market of 2 billion people

 

about_IFEZ