Incheon Free Economic Zone Authority Signs Memorandum of Understanding with Naver and NSIC on Construction

An artificial intelligence (AI) and metaverse education center is expected to be established for the first time nationwide in Songdo International City, Incheon.


The Incheon Free Economic Zone Authority announced on the 14th that it signed a memorandum of understanding (MOU) with Songdo International City Development Co., Ltd. (NSIC), the developer of the Songdo International Business District, and Naver Cloud to promote the project.


This is in accordance with the "Agreement for Public Contribution and Development Activation" signed between NSIC and the Incheon Free Economic Zone Authority in July 2019.


At that time, due to prolonged delays in the project caused by conflicts between Gale Corporation and POSCO Construction, NSIC agreed to build public facilities worth 16 billion KRW by the end of 2023 and donate them to the Incheon Free Economic Zone Authority to revitalize the development of the Songdo International Business District.


On the 12th, at G Tower in Songdo, Incheon, Jin-yong Kim, head of the Incheon Free Economic Zone Authority (center), Yoo-won Kim, CEO of Naver Cloud (left), and Moon-sik Shin, CEO of Songdo International City Development Co., Ltd. (NSIC), are posing for a commemorative photo after signing a memorandum of understanding for the establishment of an Artificial Intelligence (AI) and Metaverse Education Center. May 14, 2023. <br>[Photo by Incheon Free Economic Zone Authority]

On the 12th, at G Tower in Songdo, Incheon, Jin-yong Kim, head of the Incheon Free Economic Zone Authority (center), Yoo-won Kim, CEO of Naver Cloud (left), and Moon-sik Shin, CEO of Songdo International City Development Co., Ltd. (NSIC), are posing for a commemorative photo after signing a memorandum of understanding for the establishment of an Artificial Intelligence (AI) and Metaverse Education Center. May 14, 2023.
[Photo by Incheon Free Economic Zone Authority]

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NSIC plans to create spaces for AI and metaverse education, experience, and exhibitions, while Naver Cloud will develop related educational programs.


Naver Cloud is a cloud and AI specialized company providing the largest public cloud service in Korea and is the only domestic cloud provider operating certified educational courses.


The Incheon Free Economic Zone Authority plans to finalize the location and scale of the center within the Songdo International Business District in consultation with these organizations and sign an implementation agreement in the second half of this year.



Kim Jin-yong, head of the Incheon Free Economic Zone Authority, stated, "We are designing AI education programs optimized for the Incheon Free Economic Zone to strengthen startups and competitiveness, and will establish educational, experience, and exhibition spaces to nurture key talents who will lead the Fourth Industrial Revolution. We will also link the education center with nearby facilities such as the World Writing Museum and Art Center Incheon to contribute to regional revitalization."


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

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