Activities of
the IFEZ Leading Innovative Growth

1. Implementation of Smart City Advancement in Collaboration with KICT

On February 11, the IFEZ and the Korea Institute of Civil Engineering and Building Technology (KICT) signed an MOU for cooperation on establishing a global leading Smart City, joining forces through technology exchanges related to Smart Construction and digital infrastructure Smart City establishment. The KICT is an institution financed under the Ministry of Science and ICT. The MOU includes joint research and study activities required for technology related to Smart City and Smart Construction development, support of an environment for technology development and test beds, international technology exchanges, etc. In addition, it entails the planned joint pursuit of further inroads into the global market and, therefore, it is expected to create synergy effects in quickly penetrating the global Smart City market.

2. Sales of IFEZ Smart City Licenses Surpass 500 Million KRW

The “IFEZ Smart City Platform” is a software used for urban management and operation. As of March 8, total sales amounts were calculated at 550 million KRW. The development was completed in March 2017, and the solution provides five public services, Baro Bus, and other services in the IFEZ. The platform received one copyright and three patents as a software and obtained standard certification and other certifications from the Ministry of Land, Infrastructure, and Transport and the Telecommunications and Technology Association (TTA), demonstrating its advanced technology. So far, licenses have been sold to 11 wide-area and basic units of local governments, including Gyeongsangbuk-do’s provincial government and Cheongju city, and overseas exports have gone out to Peru, the Philippines, and Malaysia, while exports to other countries are scheduled.

IFEZ Smart City Service

· Transportation : Real-time transportation signal control, etc
· Crime and Disaster Prevention – Monitoring crime-ridden spots, etc.
· Facility Management : On-site management, basement facility management, etc.
· Environment : Stream monitoring, infectious waste management, etc.
· Information for Urban Citizens : Providing information to citizens, etc.
· Specialized Services : Mobile support for foreigners’ etc.

3. Establishment of IoT Test Field, Jointly with NIPA

When Startup Park opens, it will also be utilized as a test field for demonstrating innovative technologies. In March, the IFEZ, National IT Industry Promotion Agency (NIPA), and Incheon Technopark signed an MOU for establishing the IoT test field, demonstrating new IoT technology and services for promising companies in actual fields. Thanks to this MOU, the companies in Startup Park will avoid the situation where new products and services are developed but not commercialized in a timely manner due to the lack of a test field. The three institutions involved will support the physical space for testing and provide feedback on IoT products and services, while also supporting demonstration resources and costs, etc., all through this test-field establishment project.

“We will exert our best efforts in supporting
innovative growth for Incheon’s economy and,
furthermore, by nurturing unicorn companies to
make inroads into the global market, successfully
introducing the private-public collaboration model for
incubation through startup-venture polis Poom.”

4. Reporting Session for ‘Startup Park, POOM’ Design

On February 17, detailed space structure plans were reported and confirmed for Tomorrow City, along with the schedule for ‘Startup Park, POOM’ which will commence in May and is set to open in November. At the same time, Tower I’s partial opening in September is also currently under review, with discussions ongoing with the private operator. For the design, the IFEZ studied various cases from Korea and abroad in order to secure spaces for exchanges centered on those putting forth related demands, for example, by forming multi-floor facilities for existing exhibition spaces. Expert opinions are also reflected in the design of the space.

Tomorrow City

· Scale
– Three Buildings
(six floors above ground, two underground levels)
– Lot Area: : 29,413㎡
– Building Area : 10,335㎡
– Building Gross Area: : 47,932㎡

· Space Structure
– Startup Tower I (Total Area of 5,524 m2) : co-working space, lounge, open kitchen, party room, etc.
– Startup Tower II (Total Area of 8,291 m2) : demonstration center (5G, Big Data, AI, IoT), accelerator office, main hall, etc.
– Healing Tower (Total Area of 7,329 m2) and basement convenience facilities (Total Area of 9,700 m2) : cafeteria, gym, shower room, unmanned delivery box, etc.

5. Project Launched for Optimizing Yeongjong General Hospital’s Establishment

The research project for optimizing the establishment of Yeongjong General Hospital, set to be implemented from March to September (six months), will serve as an opportunity to seek out reasonable methods for establishing a general hospital in Yeongjong, where the attractiveness, from a business perspective, of a general hospital site is not as highly regarded. In detail, the current implementations focus on analyzing the local environment and medical resources, analyzing the status of emergency medical systems, discovering ways to establish a national/public general hospital, developing a general hospital model optimal for private hospitals, etc. Prior to the project’s launch, the IFEZ operated a six-party consortium with Incheon and others, beginning in September of last year, in order to prepare joint supporting measures to induce investment from the private sector, such as supplying sites at reasonable prices and supporting costs for facility investments.

6. Yongyu·Muui Development Project in Full Swing

Yongyu·Muui will be established as a hub for tourism and leisure, with its development now in full swing. The IFEZ plans to complete the assessment on the environmental impact end of this year. And establish an actual plan for Muui Solaire Resort Complex’s by the second half of this year. Also establish an actual plans for Yongyu Ocean View and Muui LK, by the first half of next year. Along with this, the IFEZ is preparing the development agenda for Yongyu and Muui, in the same context as the 2nd Free Economic Zone’s basic plan. Last September, along with the Korea Research Institute for Human Settlements, the project was launched for establishing a strategy for advancing and vitalizing the free economic zone of Yongyu·Muui. With the goal of completing the project by December, macro-level and comprehensive development strategies are being sought out, and the master plan has been set for interconnecting and developing Incheon International Airport and other facilities in the vicinity.

In order: Yongyu Ocean View, Muui Solaire Resort, Muui LK View. Environmental impact assessment may differ from architectural plans.

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