Kim Jin-yong Appointed Head of Incheon Free Economic Zone Authority: "Will Strive to Resolve Issues of Incheon Tower and Cheongna City Tower"

The First Reappointed Commissioner Since the Incheon Free Economic Zone Authority's Inception

[Asia Economy Reporter Park Hyesook] Kim Jinyong, the 7th Administrator of the Incheon Free Economic Zone Authority (IFEZA), was inaugurated on the 7th.

Kim previously served as the 5th Administrator of IFEZA, and this is the first time since the authority's establishment in 2003 that a former administrator has been reappointed.

In his inaugural speech, he stated, "I feel honored yet deeply responsible to be reappointed as the Administrator at this crucial time when the Incheon Free Economic Zone is developing into a global business and advanced industry hub," adding, "I will do my best to help the Incheon Free Economic Zone leap forward as a global business city."

He continued, "The Incheon Free Economic Zone has achieved many accomplishments and is undoubtedly South Korea's top free economic zone, but greater efforts are needed for a bigger leap forward," emphasizing, "I will actively work to resolve current issues such as the construction of Incheon Tower and Cheongna City Tower."

Kim began his public service career in 1996 after passing the first local civil service exam, starting as an administrative officer in Yeonsu-gu, Incheon. He has held positions including Policy Planning Officer and Financial Planning Officer of Incheon City, Deputy Administrator of IFEZA, and served as the 5th Administrator of IFEZA from September 2017.

During his 2 years and 6 months as Administrator, he normalized the NSIC (Songdo International City Development Co., Ltd.) project, which had been halted due to conflicts among major shareholders. He is credited with achievements such as obtaining approval for Starfield, resolving the Third Bridge issue, passing the medical complex development plan, and signing an agreement to attract Severance Hospital.

Additionally, regarding the development of Songdo District 11, he made decisive moves to reduce residential land to create a bio-medicine cluster, securing 300,000 pyeong of bio-industrial land and designating research and development facility land, laying the foundation for the Songdo Bio Cluster to become a world-class bio hub.

The Administrator of IFEZA, appointed by the Mayor of Incheon in consultation with relevant ministries, is an open local government official (Grade 1) with a three-year term, responsible for attracting investment to the free economic zone, establishing development plan strategies, and overseeing and coordinating the authority's operations.

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