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Investment News

2018.04.12
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410
Incheon signs MOU with foreign investors to build G-city


According to Yonhap News,

(INCHEON=Yonhap News) On April 12, Incheon City signed an MOU for the G-city (global smart city) project with foreign investor Invest Co. and Korea Land & Housing Corporation. The project seeks to develop an international business complex in Cheongna.

The KRW 4 trillion project will build smart business and support complexes within the 278,000 ㎡ international business complex in Cheongna by 2026.

As fitting with the Fourth Industrial Revolution, the smart business complex will be composed of officetels and a business park. The smart support complex will have residential, hotel, sports, entertainment and leisure facilities.

Incheon City hopes the G-city project will create about 29,000 jobs and induce KRW 3.79 trillion worth of production in its development stage.

inyon@yna.co.kr


Copyrights Yonhap News. All Rights Reserved.
Reprint or redistribution without permission is prohibited.


Source Text


** This article was translated from Korean.

Source: Yonhap News (Apr. 12, 2018)

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