INVESTMENT

IFEZ Signs an MOU with Stanford University on
Establishing a Research Center

Synergic Effects with IGC Expected

 

Stanford University, a renowned American university, plans to have a research center built at Incheon Global Campus (IGC) in Songdo International City: the Stanford Research Center at Incheon Global Campus (SCIGC). On December 2, 2019, the IFEZ signed an MOU with Stanford University, establishing the plan for a research center and granting its support.
Upon its opening, which is scheduled in 2020, the SCIGC is expected to lead cooperative joint technological research with Korea’s major universities, including Seoul National University, Yonsei University, Korea University, and KAIST, as well as with business corporations. It is expected that the SCIGC will also contribute to reinforcing Korea’s industrial competitiveness through integrating advanced Korean ICT and infrastructure for the smart city of Songdo International City.
IGC is currently home to five global universities, including SUNY Korea. With the SCIGC’s opening, IGC’s innovative education system will also be advanced to a higher level. Furthermore, Industry – University – Research Institute cooperation is expected to make great contributions to expanding research infrastructure to match international standards.

IFEZ and Chongqing Liangjiang
New Area Sign an MOU

The IFEZ and the Chongqing Liangjiang New Area are planning to work together to provide support for investment promotion activities and build a startup service platform. On November 11, 2019, as Incheon Metropolitan City Mayor Park Nam-choon, who visited China in order to solidify cooperation on projects related to the economy and tourism, and Chongqing Mayor Tang Liangzhi watched on, IFEZ Commissioner Lee Won Jae and Vice-secretary of the Chongqing Liangjiang New Area Party Work Committee Wang Zhijie signed an MOU to establish a friendly and cooperative relationship.

 

With the signing of the MOU, the two parties agreed to provide support for investment promotion activities, exchange information on matters including company recommendations, and actively promote and participate in each other’s international forums and investment meetings. They will also build a startup service platform, make joint efforts to encourage innovative startups, and share knowledge and experience on the development of smart cities and cases with regard to the creation of business environments, investment promotion, and the Korea-China FTA. Furthermore, they will create a cooperative system between the leaders of both parties and designate divisions specifically dedicated to this matter.
Liangjiang New Area is located in the northern part of Chang Jiang, the downtown area of Chongqing. With an area of 1,200 ㎢, it consists of three regions and serves as a major gateway for international exchanges in China’s western inland region. As such, it aims to establish a logistics and financial hub in the upper area of Chang Jiang.

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