Incheon provides emergency management funds for exporters amid Middle East crisis
The city of Incheon will provide 50 billion won in emergency management stabilization funds to local companies exporting to the Middle East that are struggling due to the prolonged conflict in the region. Eligible recipients include small and medium-sized enterprises that have exported to the Middle East within the past year, as well as their partner and supplier companies. Firms already receiving and repaying existing management stabilization loans are also allowed to apply again. Each company can receive support for loans of up to 500 million won, with the city covering part of the interest through an interest subsidy program at a rate of 2%. Loans must be repaid within one year.
Incheon’s ‘1,000-won housing’ program sees record competition rate
Incheon’s “1,000-won housing” program, which offers homes to newlywed couples and others at a daily rent of just 1,000 won, has recorded a high competition rate nearing 5-to-1. The city reported that during the application period from March 16 to 20, a total of 3,419 households applied for 700 available units, resulting in a competition rate of 4.88 to 1. By category, the “newlywed & newborn type II” units drew 1,735 applications for 200 units, resulting in a competition rate of 8.68 to 1. Meanwhile, the jeonse or lump-sum deposit-based “secure housing” type saw 1,684 applications for 500 units, a rate of 3.37 to 1.
Yeonsu-gu and Sartorius hold bio job fair
Incheon’s Yeonsu-gu, in collaboration with Sartorius Korea Biotech, has held a bio job information session on March 20. The event was organized as part of a prior memorandum of understanding (MOU) between the two sides aimed at job creation. Sartorius, a global life sciences company, is currently building a Songdo campus, scheduled for completion early next year, which will include production and research facilities for biopharmaceutical raw and subsidiary materials.
Incheon launches 3D map service on ‘iMap’ portal
A new 3D map service allowing citizens to better understand Incheon’s urban spaces and easily access various daily life information will launch March 23. The service will be available through Incheon's online map portal “iMap,” and uses drone-captured imagery to create realistic 3D images that closely replicate the city’s terrain and building exteriors. Unlike previous block-style models, the new system applies highly detailed 3D models based on real images, offering a more lifelike representation of the city. Incheon plans to expand the use of spatial data across administrative fields such as urban planning, childcare, and tourism, providing more practical, everyday-oriented map services for residents.
Incheon to offer SVI capacity-building training for social economy enterprises
Incheon Metropolitan City is stepping up hands-on support to help social economy enterprises measure the value they create more objectively and use it to drive growth. The city announced it will hold a “2026 Social Value Index (SVI) capacity-building training” session on March 27th at 3 p.m. at the Incheon Social Economy Support Center. SVI is an official metric overseen by the Ministry of Employment and Labor and the Korea Social Enterprise Promotion Agency to objectively assess the value of social economy enterprises. The index classifies company performance into five levels, ranging from excellent to vulnerable, and will be fully reflected in government financial support programs starting this year.
Incheon to host “Youth Farmers Market” direct sales event
A “Youth Farmers Market” will be held by Incheon’s Agricultural Technology Center at its open plaza during the cherry blossom season. The event, organized by the center and hosted by Incheon’s 4-H Headquarters, will take place from April 3 to 5. It will feature direct sales of locally produced food grown by young farmers from the Incheon Young Farmers 4-H Association. Visitors can purchase fresh agricultural products such as strawberries, mushrooms, vegetables, and flowers, while also enjoying promotional booths and hands-on programs like succulent plant terrarium-making.
Sources: https://news.ifm.kr
