'Opened in 2008' Incheon Songdo Convensia Turns Profitable... 1.06 Million Visitors

Songdo Convensia, Incheon’s representative MICE (Meetings, Incentives, Conferences, and Exhibitions) facility, recorded its highest performance ever last year.

According to the Incheon Free Economic Zone Authority on the 8th, a total of 1,014 exhibitions and conferences were held at Songdo Convensia last year, attracting a cumulative 1,061,801 visitors. The estimated economic ripple effect is expected to reach approximately 560.7 billion KRW.

Songdo Convensia’s sales revenue increased by 43.7% compared to the previous year, reaching 13.8 billion KRW, and net profit was recorded at 1.2 billion KRW, marking the first time since its opening in 2008 that it posted a profit.

Exterior view of Songdo Convensia. Provided by Incheon Free Economic Zone Authority

Songdo Convensia was expanded to a total floor area of 117,163㎡ through a second-phase extension in 2018. It features two large conference rooms that can accommodate up to 1,800 people, four exhibition halls, and 35 small to medium-sized meeting rooms. Last year, a total of 131 exhibitions and 883 conventions (meetings) were held here. The exhibition hall utilization rate reached 57%, close to full capacity at 60%.

The Incheon Free Economic Zone Authority explained that Songdo Convensia’s competitiveness was enhanced through hosting large-scale exhibitions such as the Korea Drone Expo and Incheon Art Show, as well as domestic and international events like Korea High-Performance Materials Week and the Asia-Pacific Wind Energy Summit.

This year, in addition to major planned exhibitions such as the International Security Industry Expo and Incheon Art Show, various international events will be held consecutively, including meetings linked to the 2025 APEC Summit, the 100th anniversary event of the Korean Dental Association, the Korean Neuroscience Society academic conference, and the Asian Architects Congress.

Furthermore, various social contribution activities will be carried out to strengthen ties with the local community, including hosting concerts, providing supplies to vulnerable children, and inviting disadvantaged groups to exhibition events.

Yoon Won-seok, head of the Incheon Free Economic Zone Authority, said, “Based on tourism MICE infrastructure such as Songdo Convensia, we have successfully hosted government events and large-scale international events. We will successfully conduct meetings linked to the 2025 APEC Summit to enhance Incheon’s international status and create high added value in the MICE industry.”

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