Full-scale Development of Yeongjong Bio-specialized Complex in Incheon Begins... Land Supply Set for 2029

Incheon Urban Corporation (iH) is set to accelerate the development of a bio-specialized complex within Yeongjong Sky City, home to Incheon International Airport.

On July 28, iH announced that it has initiated the process to apply for changes to the development plan for the third-phase special planning zone of Yeongjong Sky City, as part of the Yeongjong Bio-specialized Complex project.

iH plans to complete coordination with relevant departments at the Incheon Free Economic Zone Authority within this month, obtain preliminary consultation with the Ministry of Trade, Industry and Energy next month, and finalize the Free Economic Zone Committee's review and the procedures for revising the development plan by October.

Location map of Incheon Yeongjong Bio Specialized Complex. Provided by Incheon Urban Corporation.

The Yeongjong Bio-specialized Complex will be created on a scale of 1.48 million square meters, in conjunction with Songdo and Namdong Industrial Complexes. The project will be jointly implemented by Korea Land and Housing Corporation (LH) and iH, with construction planned to begin in 2028 and land to be supplied in 2029.

iH expects that, as the bio-specialized complex project gains momentum, other development initiatives on Yeongjong Island, where Incheon International Airport is located, will also be further invigorated.

Yoonki Ryu, President of iH, said, "In cooperation with related organizations such as the Incheon Free Economic Zone Authority and Korea Land and Housing Corporation, we will do our best to revitalize the Yeongjong area by redeveloping the remaining special planning zones and unsold land in the third phase of Yeongjong Sky City."

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