Incheon Eulwangsan Complex Video Complex Development Residents' Opinions Heard: "We Want Designation as an Economic Free Zone"

Perspective view of Incheon Eulwangsan Complex Video Industry Complex [Provided by Incheon Free Economic Zone Authority]

[Asia Economy Reporter Park Hyesook] As the Incheon Free Economic Zone Authority prepares to apply for the designation of the 'Eulwangsan IFUS HILL Complex Video Industry Complex' as a free economic zone next month, it has been revealed that a significant number of local residents desire the free economic zone designation and prompt development.

The Incheon Free Economic Zone Authority announced on the 7th that a total of 243 resident opinion letters were submitted as a result of conducting the resident opinion hearing and public notice, a preliminary procedure for free economic zone designation, at three locations including Yongyu-dong Resident Center from December 30 last year to the 13th of last month.

Analysis showed that 100% of the residents who submitted opinions hoped for the prompt promotion of the project through the free economic zone designation.

Residents expect the Eulwangsan Complex Video Industry Complex to be developed as a landmark of Incheon, greatly contributing to the development of Yeongjongdo, which has been stagnant, and foresee that the development of the video industry will be advantageous for the settlement of young talents and experts in Yeongjongdo.

Earlier, the Yeongjong Citizens' Union, a local residents' group in Yeongjong, has been conducting a signature campaign to attract the Eulwangsan IFUS HILL project from December last year to recently, securing 518 resident signatures to support the free economic zone designation.

The Incheon Free Economic Zone Authority plans to submit the resident opinion letters and signature lists together when applying for the free economic zone designation to the Ministry of Trade, Industry and Energy next month.

In cooperation with the private business operator IFUS HILL Co., Ltd., the Incheon Free Economic Zone Authority plans to create the largest domestic complex video industry complex on approximately 807,733㎡ around Eulwangsan, near Incheon Airport, including a video production center, advanced shared studios, outdoor filming facilities, an online video service (OTT) exhibition hall, and a Hallyu-themed cultural street.

Recently, Incheon International Airport Corporation also decided to participate as a co-implementer in this project, and plans to change the project plan soon to a three-party joint implementation structure.

An official from the Incheon Free Economic Zone Authority said, "The video content industry has a high employment creation effect due to its labor-intensive nature," and added, "We will diligently proceed with the procedures for free economic zone designation so that the Eulwangsan Complex Video Industry Complex development project can revitalize the airport economic zone and develop into a regional landmark."

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