IFEZAIncheon Free Economic Zone Authority (Korea)
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This was formalized with the signing of a Memorandum of Understanding (MOU) between BCDA President and Chief Executive Officer Arnel Paciano Casanova and IFEZA Commissioner Jong-Cheol Lee.
IFEZA successfully launched the Songdo International Business District within the Incheon Free Economic Zone in 2009 as an international city that integrates the best practices of urban planning and sustainable design principles with a synergistic mix of residential, commercial and retail land civic uses in a master-planned environment.
"This MOU is a first step and, it can lead to a possible strategic relationship between BCDA and IFEZA to foster technical cooperation that encompasses the whole range of assistance activities designed to develop human resources," Casanova emphasized.