Kim Jin-yong, Head of Incheon Free Economic Zone Authority, Signs LOC with Global Fountain Design and Development Company 'WET'

Discussion on Discovering Cultural and Tourism Contents of IFEZ with Global IP Companies

Kim Jin-yong, head of the Incheon Free Economic Zone Authority, is taking a commemorative photo with Mark Fuller, chairman of WET, after signing the LOC.
[Photo by Incheon Free Economic Zone Authority]

[Asia Economy Reporter Park Hyesook] The Incheon Free Economic Zone Authority announced on the 11th that Director Kim Jin-yong, who is on a business trip to the United States to attract overseas investment, met with Mark Fuller, chairman of WET (Water Entertainment Technology), in Los Angeles on the 9th (local time) and signed a Letter of Cooperation (LOC).

WET, headquartered in Los Angeles, USA, possesses the world's leading technology in the field, having conceptually designed, manufactured, installed, and operated over 200 fountains worldwide, including the Burj Khalifa in Dubai, the Bellagio fountains in Las Vegas, and the fountains inside Singapore Changi Airport.

Following the signing of the LOC, the Incheon Free Economic Zone Authority plans to install world-class special effect-enhanced music, lighting, and dancing fountains within the Incheon Free Economic Zone (IFEZ), aiming to revitalize the local economy by attracting domestic and international tourists and expanding waterfront spaces focused on leisure and healing.

On the same day, Director Kim also held meetings with executives from Company A, a global IP (intellectual property) holder headquartered in Los Angeles, to discuss discovering future cultural and tourism content for IFEZ on a different level.

Through this, the plan is to create a leisure tourism city centered on the MICE industry, where tourists from around the world visit, meet, interact, and enjoy, based on fostering an innovative growth industrial ecosystem and strengthening K-media content.

Director Kim stated, "This business trip to the United States was a great opportunity to strengthen the software related to IFEZ's cultural and tourism content and to promote organic synergy among the contents. We will continue to actively attract foreign investment companies with diverse and innovative content to help IFEZ and Incheon leap forward as a top-tier city and establish themselves as a new cultural hub."

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