IFEZ Archives | Be Korea-savvy

IFEZ Development to be Delayed to 2030

INCHEON, Oct. 24 (Korea Bizwire) — The development of Incheon Free Economic Zone, initially scheduled for completion by 2022, will be delayed to 2030 due to slowed investment in the aftermath of the global financial crisis and real estate market slump, officials said Tuesday. Known as IFEZ, the project was designated in August 2003 as [...]

Extended Enforcement of Investment Immigration Policy Will Switch On for IFEZ

SEOUL, June 24 (Korea Bizwire) – The real estate market of Korea lights up with the news that an immigration policy linked to real estate investment will now include investment in unsold apartment units in addition to resort properties in free economic zones. A legal provision on immigration related to real estate investment grants permanent residency [...]