Today’s Incheon Chamber of Commerce & Industry was established on Nov. 25, 1930 after the establishment of its predecessor in July 1885. For as long as 136 years, the chamber has played a leading role in the development of the regional economy of Incheon. At present, its 24th chairman Shim Jae-sun i
Incheon is becoming a global city that drives the growth of South Korea. The following is an interview with Park Nam-chun, the city's seventh popularly elected mayor who took office in July 2018. -- Ed.The Ministry of SMEs and Startups picked Songdo, Incheon as the sole final candidate for the K
The Korea Institute of Energy Technology (KENTECH), which is scheduled to open in March next year as the world's only university specializing in energy, recently organized the first Energy Forum to shed light on the development of alternative energy sources for carbon neutrality. Following are e
Korea Institute of Energy Technology (KENTECH) is scheduled to open in March next year as the world's only university specializing in energy. A groundbreaking ceremony for its campus was held in Naju, South Jeolla Province, on June 1. The unique university's first president is Yoon Eui-joon,
India International Convention and Expo Centre (IICC), which is currently being built in New Delhi, India, will represent the MICE industry of Southwest Asia. IICC will be operated and managed by KINEXIN Convention Management Private Limited, which is a consortium company founded by the Korea Intern
Incheon City, the third-largest in South Korea, is emerging as a global city. The following is Business Korea’s recent interview with Incheon Mayor Park Nam-chun, who became the seventh mayor in July 2018 in the city where he was born. – Ed. COVID-19 is still ongoing. How is the city dealing with th
The COVID-19 pandemic has posed unprecedented challenges to students and teachers around the world. Students in a large number of countries are still affected due to school closures. In Korea, the situation is a bit better. Yet teachers are in an uphill battle to prevent the quality of education fro
COVID-19 is a challenge that demands companies and governments address multiple dimensions that go beyond the pandemic's health implications. The Korean government, says Lee Kang-shin, chairman of the Incheon Chamber of Commerce & Industry, needs to come up with policies to help companies naviga
North Gyeongsang Province once drove the growth of South Korea’s key industries, including the electronics and steelmaking industries. But it lost much of its past glory and has in recent years been seeking to recreate itself as a prosperous region with a powerful industrial base. Early this year, G
A city is bound to evolve when its citizens keep learning after school. In this kind of city, citizens learn not to pass school entrance examinations but to enjoy learning in life and feel rewarded. Incheon’s Yeonsu-gu (district), which is home to Songdo International City, has dreamed of becoming s
The author is a columnist. -- Ed. Surviving the coming economic tsunamiNot only the media and social networking sites but also universities, expert groups, and consulting companies are warning that an economic tsunami is approaching. I see countless messages warning me to prepare for this and get re
2019 was a fruitful year for the Incheon Free Economic Zone (IFEZ) as it exceeded its foreign direct investment (FDI) attraction goal by as much as 43 percent. Yet IFEZ needs to change its FDI attraction strategy this year as the South Korean government has abolished or reduced incentives for FDI an
The Korea Forest Service (KFS) will host the 15th World Forest Congress in 2021. The congress is the largest global gathering of foresters held in every six years to strengthen international cooperation on forest restoration and combating desertification. In the Seoul congress, says Minister Kim Jae
Lee Sung-man is president of Songdo American Town. Lee's company, created by Incheon Free Economic Zone Authority, has been engaged in creating the Songdo American Town, a large-scale complex for Korean-Americans who want to come back and settle in Korea. The first phase of the project was compl
North Gyeongsang Province is one of the most dynamic regions in South Korea. The province’s gross regional domestic product (GRDP) recorded 103 trillion won (US$91.2 billion) in 2017, the fifth largest among local governments in Korea. The province has a strong industrial base, especially in the IT,
Jang Jeong-min, governor of Ongjin County, expects easing military tension on the Korean Peninsula will lead to the creation of a peace zone and a joint fishing area of both Koreas in the West Sea in the near future. In addition, he hopes improved relations between the two Koreas will make it more d
The Incheon Metropolitan City is one of the most dynamic cities in Korea. In 2017, its population surpassed 3 million and its gross regional domestic product (GDRP) ranked second among the nation's seven special and metropolitan cities. It beat Busan, the nation's second biggest city with a
The Incheon Free Economic Zone (IFEZ) is the first-ever free economic zone in Korea. Since its inception in 2003, it has been serving as an excellent role model for free ecnomic zones (FEZs) in Korea and other countries. Last year, it accounted for more than 80 percent of foreign direct investment p
For Choi Moon-soon, governor of Gangwon Province, 2018 must be a memorable year. In February and March, he hosted the PyeongChang Olympic and Paralympic Winter Games, which significantly enhanced the global recognition of the host city and province. In the June local elections, the governor was re-e
Park Nam-chun from the ruling Democratic Party took office as the mayor of Incheon Metropolitan City on July 2. In his inauguration address, Mayor Park promised that he would enhance the value of Incheon and the pride of its citizens through policies based on fairness, communications, and innovation