Mayor Yoo Jeong-bok Unveils Blueprint for 'World-Class City Incheon'... Promoting 'New Global City & Jemulpo Renaissance'

Incheon City plans to promote the 'Jemulpo Renaissance' project to transform the inner harbor and surrounding old downtown into a culture, tourism, and industry convergence city. [Provided by Incheon City]

[Asia Economy Reporter Park Hyesook] The blueprint for "Incheon, a world-class city where citizens are happy," a core pledge of Incheon Mayor Yoo Jeong-bok's 8th term, has been drawn.

The term "world-class city" refers to a new level of city that surpasses leading domestic and international cities. It signifies a human-centered happy city aiming to improve quality of life through culture, history, and environment, based on a super-smart city leading the world in response to the 5th Industrial Revolution era.

On the 15th, Incheon City announced that it has established the direction for promoting the "New Global City Incheon" and the "Jemulpo Renaissance" projects, which will serve as major pillars and leading roles for Incheon's leap to a world-class city.

First, the New Global City is Incheon's future development project, expanding on the New Hong Kong City proposed by Mayor Yoo during his candidacy. It plans to actively pursue not only attracting economic capital escaping from Hong Kong but also attracting multinational corporate headquarters, fostering new industries such as bio, semiconductors, and hydrogen, realizing a logistics city linked to airports and ports, and attracting global universities.

The New Global City will be developed centered on the "Incheon Global Circle," which connects economic free zones such as Songdo, Yeongjong, and Cheongna, the inner port of Incheon Port, and the southern part of Ganghwa Island. The long-term plan is to expand beyond the entire Incheon area to adjacent cities.

The Jemulpo Renaissance project aims to transform the inner port of Incheon (formerly Jemulpo), which led Korea's modernization, and the surrounding old downtown into a cultural, tourism, and industrial convergence city. The core goals are balanced development of the old downtown and establishing a new growth foundation for Incheon.

To this end, the city plans to designate the inner port area of Incheon Port as an economic free zone, making it a cradle for future growth industries and youth startups, and to create the best marine tourism space in the metropolitan area.

To successfully promote the world-class city creation projects, the city will form advisory groups for each of the two projects, gather expert opinions, and jointly conduct related project services. Next year, a master plan including detailed project execution plans and funding procurement methods will be prepared.

Perspective view of the redevelopment of Incheon Port Inner Harbor [Provided by Incheon City]

Mayor Yoo plans to visit Singapore and Sydney and Brisbane in Australia from the 15th to the 22nd to concretize plans for creating a world-class city.

He will meet with local Korean businesspeople to hear about market conditions and visit the Korea Trade-Investment Promotion Agency (Kotra) Singapore Trade Center to discuss comprehensive cooperation measures such as trade and logistics.

He also plans to visit related organizations to apply successful urban regeneration cases from cities like Clarke Quay in Singapore, Barangaroo in Sydney, and South Bank in Brisbane to Incheon.

Han Sang, Incheon City's World-Class City Planning Officer, stated, "To make Incheon the happiest human-centered world-class city in the world, we will collect diverse expert opinions and discover and promote various policies."

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