Free Economics
Lee Young-geun, the new fourth commissioner of the Incheon Free Economic Zone Authority (IFEZ), said, “As the new commissioner of the IFEZ, which is the key area of the Northeast Asian Economy, I feel honored and a great responsibility at the same time. I will make every effort to make the IFEZ as a creative hub city with global competitiveness in the future, attaining our vision of 'Dream of Incheon, Future of South Korea.'”
The IFEZ accounts for 94 percent of the total foreign direct investments attracted by all free economic zones in the nation, seeing many achievements. However, it is also facing many challenges and difficulties at home and abroad, such as competition to attract global firms and scattered regulations, Lee said during the inauguration held at G-tower in Incheon on Aug. 17.
Accordingly, he pledged that he will make the best use of his work experience as an Incheon-born worker who came up with the master plan of Incheon International Airport, and as vice president of Incheon International Airport Corporation. He will form partnerships with the central government and each public enterprise, maximizing synergy effects. Also, he will focus on carrying forward high-priority businesses in terms of competitiveness after an overall review. Moreover, he added that he will set targets to attract investment, set up customized investment promotion strategies, and actively reach out to them to promote investment.