▲ As the host city of next year’s ADB Annual Meeting, Incheon started its international promotional campaigns and preparation for the event in earnest. The photo shows the ‘Ganghwa Handkerchief Experience,’ which was a safety culture experience in Incheon. The experiential program was provided as a regular program to introduce the traditional culture of South Korea and enjoyed good reception from its visitors. As the host city of next year’s ADB Annual Meeting, Incheon started its international promotional campaigns and preparation for the event in earnest. As the host city of next year’s ADB Annual Meeting, which is scheduled in May 2023, Incheon participated in ‘2022, the 55 th ADB Annual Meeting held in Manila, the Philippines, from September 28th to 30, for the purpose of promoting Incheon. The ADB Annual Meeting is the largest event of ADB, attended by heads of state, finance ministers, and heads of central banks from 68 member countries, totaling 5 thousand participants, and has been held every year since the foundation of the organization in 1966. South Korea is scheduled to host the general convention in Incheon for the third time in 2023, following Seoul in 1970 and Jeju in 2004. During this year’s meeting, Incheon engaged in promotional activities for South Korea and Incheon along with the Ministry of Economy and Finance, which is the hosting government agency, and Incheon Tourism Organization, which is an affiliated organization of Incheon, to the 68 member countries. The promotion booth of Incheon, which is the host city for next year’s convention, communicated and promoted ▲ the convention facilities, transportation, accommodation, safety, and other superb infrastructure for international conventions; ▲ innovative digital industrial resources such as the Bio Industrial Complex, Smart City, and robotics industries; and, ▲rich tourism resources where the tradition and modernity co-exist, such as Ganghwa Heritage, Paradise City, Wa

Incheon pointed to the reaffirmation of the status of Incheon as a global city and the strengthening of international cooperation as the diplomatic gains from the first trip of Mayor Yoo Jeongbok, who is the eighth elected mayor. Mr. Yoo visited Singapore and Sidney, and Brisbane, Australia, from September 15th to 22. This overseas trip was in response to the official invitation to the 9th Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR) of UNDRR, which is an international disaster response organization. The itinerary also included the schedules to promote Incheon as a candidate city to host the 2025 AP|EC summit and the materialization of the plan to make Incheon an ultra-top-tier global city. ▲ In the APMCDRR meeting he attended during his first overseas trip, Mayor Yoo reconfirmed that Incheon has become a global city that shares global issues with the world’s major cities. The photo shows Mr. Yoo giving a speech titled ‘Incheon, a City with Disaster Resilience’ during the 9th APMCDRR hosted by UNDRR at the Brisbane Convention Center, Australia, on the 21st. As some of the key diplomatic achievements made during this trip, Mr. Yoo pointed to the reconfirmation of the status of Incheon as a global city that shares global issues with the major cities of the world during the APMCDRR meeting and reaching a consensus with Sidney and Brisbane to continue material cooperations in terms of urban regeneration, disaster response, and restoration. First, “the participation in and a speech during the APMCDRR meeting gave Incheon an opportunity to share the superior quality of Incheon’s disaster safety policies and disaster responses of Incheon, which is the first Asian city to be certified as a UNDRR resilience hub city and improve the reputation of the city,” according to Mr. Yoo. He added, “As I met the business people of Singapore and Australia and shared their urban regeneration cases, I could develop the strategies to make Incheo

▲ Yoo Jeongbok, the 8th elected mayor of Incheon, is now currently on his first trip overseas since taking office. In the first destination, which is Singapore, he started his work to materialize the plan to make Incheon one of the ultra-top-tier cities of the world. The photo shows Mr. Yoo visiting the exhibitions of the Urban Planning Pavilion of the URA of Singapore. Yoo Jeongbok, the 8th elected mayor of Incheon, is now currently on his first trip overseas since taking office. In his first destination, Singapore, he started his work to materialize the plan to make Incheon one of the ultra-top-tier cities of the world. Incheon announced that Mr. Yoo hosted a meeting with South Korean business persons in Singapore on September 16th. The meeting was attended by representatives from Posco International, Korean Air, KDB, and Shinhan Bank, as well as Professor Jangseop Shin of the National University of Singapore. During the meeting, the attendants shared their insights on how Singapore became home to a number of multinational corporations, outstanding policies of the government that are related to the roles of Singapore as a financial hub of the world, and, especially, the trends of multinationals with regard to the return of Hong Kong to China. After the meeting, Mr. Yoo visited the Singapore Branch of KOTRA to be briefed on the current status of trade in the country. Then, Mr. Yoo visited the URA office of Singapore, Clark Quay, Gardens by the Bay, Marina Bay Sands, etc., concerning his campaign pledge on the Jemulpo Renaissance Project. The world’s ultra-top-tier city that Incheon seeks to become is a city of a new level that is beyond the top-tier cities of South Korea and the world. In response to the 5th Industrial Revolution, the city aims to become an Ultra Smart City while also becoming a human-oriented City of Happiness, aiming to enhance the quality of life through culture, history, and environment.

Jung-gu and Dong-gu to become Jemulpo-gu and Yeongjong-gu, Seo-gu to become Seo-gu and Geomdan-gu The Incheon City Government is reorganizing the city’s administrative system to modernize the map of the City, improve the lives of its citizens, and take a new leap into the future. As part of this major shake-up, Jung-gu and Dong-gu, which have seen some its population decline markedly in recent years, will become Jemulpo-gu and Yeongjong-gu, whereas Seo-gu, which now has a population of 570,000, will be divided into Seo-gu and Geomdan-gu.

K-Bio Lab Hub project passes its preliminary feasibility study... Will offer support to nurture start-ups in the bio industry The “K-Bio Lab Hub” project, jointly promoted by the Incheon City Government and the Ministry of SMEs and Startups, has taken another step closer to becoming reality.

Core pledges by the 8th democratically-elected city administration... Incheon sets its direction to become a “next-level” metropolis The master plan for Incheon Mayor Yoo Jeong-bok and his 8th democratically-elected city administration - the “Incheon, next-level metropolis with happy citizens” project - is finally here.

Incheon signed an MOU with the city for friendship and cooperation in mutual strategic industries and seeks to attract the new financial hub in Asia. By attracting foreign financial institutions and establishing a regional bank, the 8th elected municipal administration of Incheon seeks to make thecity a new global financial hub of Asia. As a part of its efforts, the cityentered into a global partnership agreement with Frankfurt, Germany, which isthe Mecca of European Finance to mark the beginning of the mutual cooperations between the two cities. On the 4th, Mayor Yoo Jeongbok of Incheon and Mayor Peter Feldmann of Frankfurt signed the MOU for the mutual cooperation and friendship between thetwo cities at the Grand Reception Room of the city hall. ▲ By attracting foreign financial institutions and establishing a regional bank, the 8th elected municipal administration of Incheon seeks to make the city a new global financial hub ofAsia. As a part of its efforts, the city entered into a global partnership agreement with Frankfurt, Germany, which is the Mecca of European Finance tomark the beginning of the mutual cooperations between the two cities. The signing ceremony was attended by the mayors of the two cities, President Jaeseon Shim of Incheon Chamber of Commerce and Industry; Yongjoon Choi, the South Korean representing officer of Messe Frankfurt; President Ulrich Caspar, IHK Frankfurt; Chair Eric Menges, Frankfurt Rheinmein Economic Development Cooperation, etc. The signing of the MOU was planned by the city in cooperation with the Incheon Chamber of Commerce to strengthen its cooperative ties with Frankfurt, the European financial hub with a view to building a network for the exchanges of strategic industries between the two cities and secure the driving force forthe construction of the New Hong Kong City and the establishment of a regional bank. Especially, Frankfurt is a city of strategic endeavors for Incheon, as Mr. Yoo Jeongbok signed an MOU with the Fra

Establishment of the shared infrastructure for thepost-processing of semiconductors; setting up a semiconductor’s fund, etc. Incheon started its journey to develop the foundations to ascend as the Mecca of K-semiconductors. The city reviewed the candidate sites among the clusters of semiconductorcompanies in Songdo International City and Namdong National Industrial Complexto proceed with the development of a specialized industrial complex which focuses on the ‘post-processing of semiconductors.’ Incheon plans to establish a specialized industrial complex development plan with experts and submit a proposal for the central government’s ‘Specialized Industrial Complex and Foundation Building’ program funding. ▲ Incheon will review the candidate sites among the clusters of semiconductor companies in Songdo International City and NamdongNational Industrial Complex, etc., to proceed with the development of aspecialized semiconductor industrial complex focusing on the ‘post-processing’industries for semiconductors. The images show the equipment for semiconductor industries. In line with the government’s policy to cultivate semiconductor industry, local governments are competing each other to be selected as the site for the specialized semiconductor industrial complex. Incheon’s strategy to win in this competition is to establish a foundation to become the Mecca of the semiconductor industry emphasizing its potential and possibility for growth as a specialized city for the semiconductor industry. The total market volume of the semiconductor industry of the world was 555.9 billion dollars (about 665 trillion won) in 2021, breaking its record with a 26.2% growth from 440.4 billion dollars of 2020. The volume of SouthKorea’s semiconductor export in 2021 broke the record with USD 129.7 billion dollars (154 trillion won), up by 29% from the preceding year (99.2 billiondollars). The “Special Act on the Strengthening of the Competitiveness of theNational

The 5th Regional Economic Cooperation Joint Committee Meeting Held to Announce 13 Agenda Incheon and Weihai of China, which are the pilot areas for the South Korea and China Free Trade Agreement (FTA), continue their economic cooperation. Incheon held the 5th Regional Economic Cooperation Joint Committee meeting in the new city hall building with the delegation from the city of Weihai, China, on the 5th. After the signing of the South Korea and China Free Trade Agreement in June 2015, Incheon and Weihai has been designated as the pilot areas for the said free trade agreement and, in July of the same year, signed the Agreement on Strengthening the Regional Economic Cooperation between Incheon and Weihai. After the signing of this agreement, the two cities selected seven areas with a total of 41 key projects, covering trade, e-commerce, tourism, and sports, etc., signing further agreements for the subsectors and having been engaged invarious pilot programs. Until now, the two cities have been discussing how they would strengthen their economic cooperation and the meeting today was the fifth meeting of the committee. Due to the spread of COVID-19, the meeting was conducted online. ▲ Incheon held the 5th Regional Economic Cooperation Joint Committee meeting with the delegation from Weihai, China, in the new city hall building on 5th. Until now, the two cities have been discussing the strategies to strengthen their cooperation, and the meeting held on that day was the fifth of meeting of the committee. The meeting was attended by the officials from eight departments of Incheon, including the Department of Industrial Promotion of Incheon and ten related departments of Weihai, including the Commerce Department, to announce the thirteen proposed projects covering trade, logistics, intellectual property rights, health, medicine, and tourism, etc., and discussed the promotion strategies for each of these areas. Especially, for the first time since the beginning of the meet

Seaside Park will feature state-of-the-art multimedia technology... Incheon to renovate Songsan Park as well The Incheon Free Economic Zone (IFEZ) says it is ready to add some cutting-edge multimedia technology to the Seaside Park at Yeongjong International City as part of its “Light City Incheon Night View” project. The unique combination of multimedia technology and a beautiful natural environment at Seaside Park will turn the Park into a popular hop spot in the evening. IFEZ plans to use the natural landscape of the Seaside Park, which is already a local favorite in Yeongjong International City, and install interactive light fixtures to offer unique nightscapes available nowhere else in Korea. To this end, IFEZ submitted a proposal for the “Seaside Park Media Art Production, Installation, and Operation System Construction” worth around KRW 2 billion. If approved, the proposal will create tourism demand in connection with nearby recreational facilities, including local rail bike systems. The proposal was also disclosed on the Korea ON-Line E-Procurement System run by the Public Procurement Service. ▲ The Incheon Free Economic Zone (IFEZ) says it is ready to add some cutting-edge multimedia technology to the Seaside Park at Yeongjong International City as part of its“Light City Incheon Night View” project. The unique combination of multimedia technology and a beautiful natural environment at Seaside Park will turn the Park into a popular hop spot in the evening. Image is a rendering of the nightview at Seaside Park after the successful conclusion of phase-1 of the project. Specifically, this latest proposal by IFEZ outlines the city’s plans to build a story representing the identity of Yeongjong International City, to develop, produce and install original and unique nighttime tourism content using media art, and to present immersive and interactive tourism programs using various other nightscapes and lighting production techniques as well as light