Shortcut to Body Shortcut to main menu

Investment News

  • Home
  • About Us
  • Newsroom
  • Investment News
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.

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)

Meta information