City of Future – Sangdo International Business District – Korea
Northeast Asia, anchored by Japan, China, and Korea, is home to three of the largest economies in the world, all with dynamic business environments. Throughout history, geographic convenience led to international business being transacted primarily through Southern Asia within relatively close proximity to the hubs of Hong Kong and Singapore. The explosion of economic and business growth experienced by Northeast Asia in the last decade has led to the need for another, northern Asian hub.
Songdo International Business District (IBD) officially opened on August 7, 2009 as a designated Free Economic Zone and the first new sustainable city in the world designed to be an international business district. Songdo IBD is being developed on 1,500 acres of reclaimed land in South Korea along Incheon’s waterfront, 40 miles from Seoul and just 7 miles from Incheon International Airport. Developed by Gale International and Korea’s POSCO E&C, this master-planned metropolis is a model of sustainable, city-scale development and innovation.
Songdo IBD is an international city that offers every conceivable amenity, attracting multinational and domestic corporations to this new location. These include all the advantages of a master planned environment with 600 acres of open space and parks, an advanced technology infrastructure, the architecturally-stunning Convensia Convention Center, a 100-acre Central Park reminiscent of New York City, a system of pocket parks similar to those in Savannah, a modern canal system inspired by Venice, fine hotels, international schools, museums, a luxury retail mall, and the Jack Nicklaus Golf Club Korea. By employing the best practices of urban planning and sustainable design, Songdo IBD offers residents, workers and visitors an unparalleled quality of life.
Songdo IBD is also home to a variety of residential and retail developments, offering a range of shopping, dining and entertainment experiences, as well as public and private schools and state-of-the-art health care facilities. These features come together to create a dynamic, vibrant world community for business professionals and their families.
Residents of Songdo IBD will have a wide range of activities available within walking distance. Regardless of where they may live, residents will have convenient access to schools, healthcare facilities, cultural activities, and athletic venues. They can shop in department stores and stroll through markets. Children will be educated in local public schools or in international curriculum academies.
Songdo IBD will offer a variety of shopping options including high end department stores and boutiques for the discerning shopping as well as popular stores which carry the latest trends. An eclectic and intriguing mix of fashion, fun, and entertainment will be at the front door of every resident and nowhere else in Korea can one find such an oasis of shopping. These stores, boutiques, markets and shops will not only cater to the needs of Songdo IBD’s residents, but to visitors from around the world.
Songdo International Business District is a compelling aerotropolis strategically located just over 7 miles from Incheon International Airport. The Incheon International Airport is consecutively rated one of the top in the world in number of passengers, customer satisfaction, and freight volume since its opening in 2001. Just a 15-minute drive across the new Incheon Grand Bridge, the Incheon International Airport is a gateway to more than 1/3 of the world’s population in just 3 ½ hours flying time, making Songdo IBD a convenient business hub for all of Northeast Asia. The airport will also be accessible from Songdo via subway and bus service.
For details and updates about this project your can visit Songdo website.