Creation of European Korean Cultural Town in Incheon Free Economic Zone... Incheon City and European Korean Association MOU

Support for Return and Residence of Overseas Koreans and Attraction of European Luxury Small Artisans
Total Federation Officially Declares Support for Hosting Overseas Koreans Agency in Incheon

Incheon Mayor Yoo Jeong-bok is signing a memorandum of understanding with Yoo Je-heon, President of the European Korean Association, at the 'European Korean Cultural Town Briefing' held in Frankfurt, Germany on the 17th (local time). [Provided by Incheon City]

[Asia Economy Reporter Park Hyesook] A 'European Korean Cultural Town' is being established in the Incheon Free Economic Zone to assist overseas Koreans in returning and residing, and to attract Europe's prestigious small-scale manufacturers (individuals or companies engaged in manufacturing on a small scale).

On the 17th (local time), Incheon City held a briefing session on the European Korean Cultural Town in Frankfurt, Germany, and announced that Mayor Yoo Jeong-bok and Yoo Je-heon, President of the European Korean Federation, signed a 'Memorandum of Understanding for Mutual Cooperation in Establishing the European Korean Cultural Town.'

The European Korean Cultural Town plans to build commercial-residential buildings of 3 to 4 stories above ground in a European style, making the entire complex serve as a tourist attraction facility. The first floor of the buildings will be used for commercial purposes, while the 2nd to 4th floors will be used for residential and lodging facilities.

The town will also include cultural facilities such as the European Immigration History Museum, and the Incheon Free Economic Zone Authority under the city will review the specific business format and location.

Incheon City expects that once the European Korean Cultural Town is established in the Incheon Free Economic Zone, the symbolism of Incheon, where Korean immigration history began 120 years ago, will be further highlighted, promoting foreign investment attraction and the inflow of overseas culture, technology, and talent.

The European Korean Federation was officially founded in 1990 and is a federation comprising Korean associations from 25 European countries. As of last year, it has 300,000 members and actively conducts official European Korean events.

On the 17th (local time), at the 'European Korean Cultural Town Briefing' held in Frankfurt, Germany, Kim Jin-yong, head of the Incheon Free Economic Zone Authority, is introducing the Incheon Free Economic Zone. [Provided by Incheon City]

Meanwhile, on the same day, the European Korean Federation officially expressed its support for the overseas Korean Affairs Office to be located in Incheon.

Yoo Je-heon, President of the European Korean Federation, stated in the declaration of support, "The European Korean Federation and the Korean associations of 25 European countries are confident that Incheon City is the most competitive city to establish the Overseas Korean Affairs Office and officially support the office's location in Incheon."

President Yoo emphasized, "Incheon is the city where Korean overseas immigration officially began. It has excellent accessibility with facilities such as an international airport and a cruise terminal where overseas Koreans enter and exit. Additionally, the Incheon Free Economic Zone hosts 15 international organizations, including the Green Climate Fund (GCF) Secretariat, which is a strength for the Overseas Korean Affairs Office's cooperation and expansion."

Mayor Yoo Jeong-bok said, "Overseas Koreans are private diplomats and industrial forces of the Republic of Korea. I deeply thank the European Korean Federation for supporting the location of the Overseas Korean Affairs Office in Incheon."

Our government finalized a government organization reform plan last month, which includes the establishment of the Overseas Korean Affairs Office and the abolition of the Ministry of Gender Equality and Family.

According to the government plan, the Overseas Korean Affairs Office will provide functions previously performed by the Overseas Koreans Foundation, such as overseas Korean exchange cooperation, network activation, and next-generation Korean education, as well as consular, legal, and military service civil affairs tasks that were divided among various ministries, through inter-ministerial collaboration.

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