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8th democratically elected metropolitan government to focus on growing Incheon’s economy to KRW 100 trillion

Metropolitan governmentunveils ten policies to help achieve its goal of becoming a “world-class city”where its people can always feel happy

Celebrating his 100th day inoffice, Mayor Yoo Jeong-bok (8th democratically elected Mayor of Incheon) sayshis administration will focus on growing Incheon’s economy to KRW 100 trillionin GRDP and help the city take the leap as the 2nd most important city inKorea.

On October 6, the IncheonMetropolitan Government hosted an event to declare the city’s vision andgovernance objectives after the first 100 days of the 8th democraticallyelected city government at the main conference room inside city hall. Mayor YooJeong-bok announced and explained the ten major policies related to theadministration of the city (i.e. ① A balanced city where everyone can leadhappy and prosperous lives; ② A global city where dreams come true; ③ A city ofcommunication that treats its people with sincerity and care; and an ④Innovative city that creates future values).

The first governance policy -a balanced city where everyone can lead happy and prosperous lives - isdesigned to create better balance across the old city center and new innovativeparts of the city, and to make sure all roads lead to Incheon with convenienttransportation options.


▲ On October 6, the IncheonMetropolitan Government hosted an event to declare the city’s vision andgovernance objectives after the first 100 days of the 8th democraticallyelected city government at the main conference room inside city hall. The citysays it will focus on growing Incheon’s economy to KRW 100 trillion in GRDP andtake the leap as the 2nd most important city in Korea.

To ensure a better balance interms of the development of Incheon as a city, the metropolitan government willchannel its strengths to kick start the “Jemulpo Renaissance” era at the InnerPort Free Economic Zone, and to promote development in the old city center. Inregards to transportation, core projects will involve new railway networks suchas the KTX, GTX, and Gyeongin line no. 2. Incheon will also look to build amore robust train network, bring the Incheon Daero boulevard underground, andbuild an airport on Baengnyeongdo Island.

The second municipal policy,“A global city where dreams come true,” is aimed at growing the city’s economyto KRW 100 trillion in size, building a city that is better to work, and aclean and “green” city teeming with life.

First, in order to build aneconomy worth KRW 100 trillion, the new administration will propose projectsthat can attract high-tech companies, and nurture foundational industries,materials/parts/equipment industries. It will also help ensure the innovativegrowth of SMEs, develop young entrepreneurs with great start-up ideas, andsupport small business owners with an overhauled Incheon Sarang GiftCertificate (Eum Card). In doing so, the metropolitan city government is hopingto create 600,000 new jobs and become the second most important economic hub inthe country, just behind Seoul.

Incheon ranked second placeamong the special and metropolitan cities in Korea with a GRDP of KRW 88.5trillion in 2017. The city, however, dropped one place to third in 2020 (GRDPof KRW 89.6 trillion) due to deteriorating economic conditions

Mayor Yoo Jeong-bok isplanning to establish the Incheon Economic Trend Analysis Center, which willserve as a control tower, and grow Incheon's economy to KRW 100 trillion insize by devising new plans to foster and support Incheon's strategicindustries, and improve relevant systems as well as regulations.

As for the green andeco-friendly city sector, core tasks include closing down landfills used forthe metropolitan region, creating alternative landfill sites, securing a stablesupply of safe tap water, and reducing air pollution/becoming carbon neutral.

The third policy for Incheon,“A city of communication that treats its people with sincerity and care,” willhelp create a city that is happy with warm companionship and customized carepolicies, a city of education and safety where all citizens are healthy andhappy, and a city of communication and empathy for its citizens.

In addition to policy tasks inthe fields of health and welfare such as childcare, support for adolescents,young adults, the disabled and the elderly, the establishment of a new Universityof Oceans and Fisheries, the establishment of Incheon Public MedicalUniversity, the establishment of a National University Hospital, and theestablishment of the 2nd Incheon Medical Center were proposed as coreinitiatives in the field of education and safety.

To foster better publiccommunication and connect with the people, the city is planning to operate anonline open mayor’s office and a traveling mayor’s office program, and hostopen sessions and meetings to communicate and feedback from the public at leastonce a quarter.



▲ Vision and slogan for the8th democratically elected municipal government

Finally, the fourth municipalpolicy, “Innovative city that creates future values,” will boost Incheon’scompetitiveness as a city that is ready for the future, a city where cultureand art become part of people’s daily lives, and a city where farminghouseholds, fishing households, and urban residents can coexist in harmony.

In particular, to build a morecompetitive city, the municipal government will establish a new aviation repairand maintenance complex, establish new routes for UAM vehicles, develop the PAVindustry, create a bio-innovation cluster, open a “robot land,” and establish ahydrogen production cluster. As for the field of culture, tourism, and sports,Incheon will build a domed stadium in Cheongna, establish a comprehensivesupport platform for cultural performers and artists, develop a new “Silk Road”for maritime tourism, stimulate tourism using the Ara Canal, and build a leisureand sports theme park. Building a local food platform used by both farming andfishing households as well as urban residents in Incheon, and revitalizingurban agriculture are proposed as major initiatives for the city of Incheon aswell.

Meanwhile, Mayor Yoo Jeong-bokshared his thoughts on the first 100 days in office saying that the past 100days will help lay the foundation for innovation that can propel Incheonfurther into the future.



▲ Incheon is looking toattract administrative offices for various organizations established byOverseas Koreans, and to reorganize the city’s administrative systems.

In terms of hisadministration’s achievements so far, the Mayor cited administrative officesfor various organizations established by Overseas Koreans, reorganizing thecity’s administrative systems, strategies tailored to improve the localeconomy, and the revisions made to the Incheon Sarang Gift Certificate system.The Mayor also cited the new trilateral council in the metropolitan area, plansfor the Cheongna Starfield domed stadium, investments on biopharmaceuticalfacilities by Samsung Biologics, and the largest national subsidy of KRW 4.964trillion for Incheon over the past 100 days.

In terms of other notableachievements of his administration, the Mayor said Incheon now enjoys animproved status and reputation across the globe as a safe city with a keynotespeech at the Asia-Pacific Ministerial Conference on Disaster Risk Reduction inBrisbane, Australia. The Mayor also visited the APEC Secretariat in Singaporeto help Incheon win its bid to host the 2025 APEC Summit.

The city presented a newdesign for its vision “Dream of Incheon, the Vision of Korea” as the 8thdemocratically elected city government. The new design is based on a starpattern that represents the North Star, which functions as a guide to dreamsand a hopeful future, mixed with a typeface that feels modern and light. Thestar design symbolizes the bright future of Incheon, where a wide variety ofinformation flows through its ports and airport.

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