Incheon Robot Land Designated as Urban High-Tech Industrial Complex: "Boost for Corporate Investment"

Factory Construction and Expansion, Entry of Large Corporations, and 75% Reduction in Acquisition Tax
Incheon City to Supply Land by End of Next Year, Forms Corporate Attraction Task Force

The industrial land for Incheon Robot Land, which is being developed in Cheongna International City within the Incheon Free Economic Zone, has been designated as an urban high-tech industrial complex, a move expected to accelerate efforts to attract corporate investment.

On December 1, Incheon City announced that 297,000 square meters of land, including the industrial site for Incheon Robot Land, was recently designated and officially announced as an urban high-tech industrial complex. As a result, the conditions for investment have significantly improved, enabling the construction, expansion, or relocation of factories larger than 500 square meters, the entry of large corporations and global companies, and a 75% reduction in acquisition tax.

Incheon City and Incheon Urban Development Corporation (iH) plan to form a corporate attraction task force with the goal of supplying land by the end of next year, and will ramp up marketing efforts, including hosting investment briefings. The city believes that Incheon Robot Land is highly competitive, as it can significantly lower the initial investment burden for companies by offering land at prices 40 to 50 percent lower than those of other major industrial complexes in the Seoul metropolitan area.

In line with the government’s national policy agenda and economic growth strategy, Incheon City plans to focus on attracting cutting-edge industries such as artificial intelligence (AI), semiconductors, connected cars, and drones to Incheon Robot Land through the "Physical AI Project." Physical AI refers to artificial intelligence embedded in physical devices with a defined form, such as humanoid robots. The city aims to leverage Incheon’s strong manufacturing base, international airport, and seaport to drive innovation through AI.

Perspective view of Incheon Robot Land. Provided by Incheon City

Incheon Robot Land is a large-scale project with a total investment of approximately 900 billion won, developing a 769,000 square meter site in Cheongna International City to include facilities for promoting the robotics industry, a theme park, and commercial and office facilities. Upon completion, more than 400 robotics companies and demonstration and research institutions will be clustered together, and the largest robotics demonstration infrastructure and outdoor autonomous driving testbed in the metropolitan area will be established, allowing all stages of the robotics industry (R&D, production, demonstration, experience, and commercialization) to be realized in a single location.

The Incheon Robot Land development project was first launched as a national project in 2007 but was stalled for a long period due to the failure to attract private investment. Construction of the basic infrastructure finally began in March this year. Land supply is scheduled to begin in the second half of next year, when about half of the infrastructure construction is completed, and the infrastructure is expected to be fully completed by April 2028.

Incheon City has a vision to increase the annual revenue of Incheon’s robotics industry from 1.36 trillion won in 2022 to over 3 trillion won by 2030, through the development of Incheon Robot Land, the fostering of innovative robotics companies, and the expansion of robot adoption.

Mayor Yoo Jeongbok stated, "Robot Land, which has emerged from a long slump, will establish itself as a hub for innovation in the robotics industry, signaled by its designation as an urban high-tech industrial complex. We will discover a variety of incentives to boost investment attraction and accelerate the construction of infrastructure, making Incheon the center of the K-robotics industry."

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