A Video Culture Complex 11 Times the Size of a Soccer Field to Be Built in Cheongna, Incheon

Incheon Free Economic Zone Authority, LH, and Streaming City Sign Mutual Cooperation MOU
Site Implementation Plan Change Followed by Construction Start Next Year... Target Completion in 2025

Cheongna Streaming City Studio Bird's-eye View [Provided by Incheon Free Economic Zone Authority]

[Asia Economy Reporter Park Hyesook] A video and cultural content production complex, approximately 11 times the size of a soccer field (7,140㎡), is being planned in Cheongna International City within the Incheon Free Economic Zone.

On the 10th, the Incheon Free Economic Zone Authority signed a memorandum of understanding with Korea Land and Housing Corporation (LH) and private business operator Streaming City to mutually cooperate in establishing the video and cultural complex and related industrial cluster called 'Streaming City' in Cheongna.

Streaming City, which signifies a city where video and cultural content are streamed in real-time, is planned to be developed on approximately 119,000㎡ in Cheongna International City, Seo-gu, Incheon.

With a total project cost of 840 billion KRW, the plan includes creating film and drama shooting studios, a media center, a world culture street, and office facilities anchored by MBC Art, a subsidiary of MBC. Additionally, a video and cultural content production cluster will be established to attract tourists, solidify the status of Cheongna as a video culture city, and promote regional economic development.

Specifically, Cheongna Streaming City will feature about ten indoor studios each approximately 3,300㎡ in size, with the exterior walls designed as outdoor shooting sets available for continuous filming.

These sets will be themed by sections, including famous European streets, Jemulpo Street from the opening port era, Broadway, a police station, and a prison?concepts that have high demand for continuous filming and can attract tourists. Outdoor studios will host actual shops or restaurants according to each concept to draw visitors.

Cheongna Streaming City Studio Park [Provided by Incheon Free Economic Zone Authority]

The main operators of Streaming City include Yetdam Global, which has experience participating in the Bucheon Video Complex Industrial Complex bid, and MBC Art and EBS Media, responsible for drama production and studio construction and operation.

After detailed business plans are finalized through consultations with Streaming City, a tripartite business agreement will be made, followed by a land sale contract between LH and Streaming City.

Considering that the site for Streaming City is an investment reservation area requiring a change in the implementation plan, the Incheon Free Economic Zone Authority expects construction to begin around 2021. The studio portion is scheduled for partial completion in 2022, with full completion targeted for 2025.

Lee Wonjae, head of the Incheon Free Economic Zone Authority, emphasized, "We expect Streaming City to play a significant role in the development of Cheongna, and we will do our best to ensure the successful promotion of the project."

Park Seongyong, head of Balanced Development at LH, stated, "Alongside Cheongna City Tower, the sixth tallest in the world, and core development projects such as the medical complex town, Starfield, and international business district, the establishment of the video and cultural complex will become another key facility in Cheongna. We will spare no effort and cooperation to ensure the project is successfully settled."

This content was produced with the assistance of AI translation services.