SEOUL, Feb. 14 (Korea Bizwire) – Revenue worries in the aftermath of healthcare reforms dubbed “Moon Jae-in Care” are keeping hospitals’ coffers closed even as the government takes pains to encourage the medical sector to invest in new infrastructure. After initially earmarking 390 billion won for a medical facility in “city of the future” Songdo [...]
INCHEON, Korea, Feb. 28 (Korea Bizwire) – The New York Fashion Institute of Technology (FIT), one of world’s best fashion institutes, will offer courses in Korea from March 2017, choosing Incheon for its first foray into the Asian market. The Incheon Free Economic Zone (IFEZ) announced on February 26 that it signed an MoU with FIT and [...]
SEOUL, Feb. 13 (Korea Bizwire) — Chow Tai Fook Enterprises of Hong Kong has decided to invest US$2.6 billion, the largest ever foreign direct investment in Korea, at Yeongjong Island in Incheon by 2022. With the group’s backing, the island is expected to be reborn as a casino resort complex. On February 12, the CTF group [...]
SEOUL, Nov. 23 (Korea Bizwire) – Paradise-Sega Sammy held a first-stage groundbreaking ceremony on November 20 at the international business district site near Incheon International Airport. The ceremony was attended by Incheon Metropolitan City Council chairman No Kyung-soo, Incheon International Airport Corp. president Park Wan-soo, and the Japanese Ambassador to South Korea Bessho Koro. Paradise-Sega Sammy is a [...]
SEOUL, Sep. 3 (Korea Bizwire) – The Ministry of Trade, Industry & Energy held an opening ceremony for Belgium’s Ghent University and the University of Utah from the United States in the Incheon Free Economic Zone of Songdo on September 1. Ghent University, one of the renowned institutions of higher learning for biosciences, gained permission in November [...]
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 [...]