Incheon City Announces 'New Hong Kong City' Vision... "Leap to Advanced Innovation and International Free City"

Creating the Optimal Business Environment by Linking Economic Free Zones with Ganghwa and Naehang

Incheon City has announced the official launch of the 'New Hong Kong City' project, a core pledge of the 8th term of the local government.

This project is a comprehensive strategy to develop Incheon into a global hub city on par with Hong Kong, Singapore, and others.

On the 15th, the city held a vision proclamation ceremony for 'New Hong Kong City' at the Yeongjong Sky Culture Center plaza on Yeongjong Island. Through this, the city plans to share the blueprint and promotion strategies of New Hong Kong City that have been conceived so far with its citizens and to actively push forward the project.

Incheon Mayor Yoo Jeong-bok emphasized at the proclamation ceremony, "Incheon is a city with infinite growth potential, boasting a world-class airport and port, the largest free economic zone in the country, and 147 cities with populations of one million within a two-hour flight radius."

He added, "We will do our best to maximize Incheon's potential and infrastructure to grow into a global hub city by promoting the New Hong Kong City project."

New Hong Kong City 3 Major Goals

The New Hong Kong City project is a plan to create an optimal business environment and foster advanced industries based on economic free zones such as Songdo, Cheongna, and Yeongjong, as well as Ganghwa, Ongjin County, and Incheon Inner Port.

To this end, the city plans to focus on nurturing industries in which Incheon has strengths, including bio, semiconductors, mobility, and aircraft maintenance (MRO), as well as logistics, finance, and tourism industries common to global cities.

Additionally, to create global urban spaces, efforts will be made to connect global networks, attract international organizations and events, establish solidarity and cooperation systems among local governments, and promote identity using the marine environment.

The city plans to attract the Overseas Koreans Office, scheduled to launch in June this year, opening an era of 10 million Incheon citizens, and to pursue the attraction of new international organizations and events in addition to the existing 15 international organizations.

Along with landmark construction, the city will build a global circle transportation network by proactively promoting future transportation means, transforming the urban structure, and advancing the establishment of an AI-based ultra-smart city and improving global living conditions such as language and education.

The city will also innovate laws and systems, including expanding the free economic zone and reorganizing the administrative system. In particular, it plans to promote the enactment of the '(tentative name) Special Act on the Creation of Incheon Free City,' which includes investment attraction, administrative support, and deregulation.

Following last year's trips to Singapore and Europe, Mayor Yoo visited Hong Kong earlier this month to explore ways to attract global companies and Asian financial hub functions to Incheon.

This year, the city will proceed with the New Hong Kong City master plan project to prepare funding procurement plans, sector-specific plans, and legal and institutional improvement measures. In addition, to gather opinions from various sectors on the project, the city formed an advisory group last October and plans to hold forums and listen to citizens' opinions.

Incheon Mayor Yoo Jeong-bok is performing a ceremony at the 'New Hong Kong City Project Vision Declaration Ceremony' held on the 15th at the Yeongjong Sky Culture Center Plaza in Jung-gu.
[Photo by Incheon City]

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