Ahn, Sang-SooMayor of Incheon Metropolitan City, Korea

Dubai – 21 April 2008

International Academy & Research Cluster : IFEZ

CONTENTS

Introduction of IFEZIFEZ DevelopmentInternational Academy & Research Cluster in IFEZCases of Local & Global UnivSummary

1. Introduction of IFEZ : Korea Overview

General Facts• Area: 99,434 km2 (24.6 million acre)• Population: 47 million(2007) / GDP Growth Rate(’07): 4.9%• Urban Population Ratio: 83%

- 25% in Seoul and 50% in Seoul Metropolitan Area

Political Economy Facts• Major Trading Partner: USA, China, Japan, EU, Taiwan

Korea’s Competitive Edge• Geographical Advantages

• FDI-friendly Policies, Reforms, and Incentives• Dynamic Northeast Asian Market• Advanced IT Infrastructure• Qualified Human Resources• High State Credit : Fitch - A plus / Moody’s – A2 / S&P - A • OECD’s World-class Infrastructure of IT Industry : 1st

Incheon Overview• Location : About 45minutes away from Seoul• Area : 986㎢ (243,640 acre)• Population : 2.69 million

1. Introduction of IFEZ : 2014 Asian Games in Incheon

IFEZ

IncheonLocation : About 45min.

away from SeoulArea : 986㎢Population : 2.66 million

persons

1. Introduction of IFEZ : Mission

MissionIn order to swiftly create the foreigner-friendly economic and living conditions and intended to be developed as part of methods through which the Republic of Korea performs any central function in business of the northeastern Asia Regions.

Incheon Free Economic Zone is the growth engine of Korea Leading Northeast Asia under the strong back up from the National Government of Korea and the Metropolitan City of Incheon.

PeriodPhase 1 : 2002 ~ 2009Phase 2 : 2010 ~ 2014Phase 3 : 2015 ~ 2020

Business Hub• Attracting headquarters operating production bases in China and North Korea

• Offering high-standard IT infra and business baseCorporations & R&D centers

IT·BT Hub• Sea & air multi-modal logistics

with Incheon Int’l Airport & New Incheon Port

Logistics Hub• World-class hotels

and leisure facilities •Eco-friendly tour spots

Leisure & Tourism Hub

Development Strategies

Differentiation

Eco-friendly City• Public space including waterfront

and parks comprise 60% of IFEZ (Parks, green space 36%)

• Cityscape Master Plan• Create unique & differentiated night Scene

Ubiquitous City• U-CITY plan, U-Admin, U-Tour• Connection to computer network

anytime, anywhere

Well-Designed City

1. Introduction of IFEZ : Development Concept & Vision

■ Size 209 km2 (51,739 acres)■ Location Middle west coast of the Korean Peninsula, 1-hour drive from Seoul■ Development Period 2003~2020 ■ Investment $202 billion ■ Projected Value Added $128 billion (15% of Korea’s GDP)

138㎢Global

LogisticsHub

Yeongjong 18㎢Tourism &

Leisure Hub

Cheongna

53㎢Global

businesshub

Songdo

2. IFEZ Development : Songdo, Yeongjong, and Cheongna

Yeongjong

Cheongna

Songdo

< Songdo > 13,159 acres (53km2)

Knowledge-based Industries

Int’l Business Complex

Bio & Medical Hub

Knowledge &Information

Complex

International Study Research

Complex

Incheon New Port

Multi-Purpose Complex

151 –Story IncheonTower

2. IFEZ Development : Songdo

Yeongjong

Cheongna

Songdo

< Yeongjong > 34,177 acres (138km2)Logistics and Tourism

Incheon Airport

Free Trade Zone

Leisure Complex

Logistics Complex(Fierra Milano)

Aviation Park

2. IFEZ Development : Yeongjong

Marine Resort

Yeongjong

Cheongna

Songdo

Floral Complex

Robotic Industry Complex

AutomobileIndustyComplex

Sports Parks

Int’l Trade Complex

Int’l FinancialComplex

< Cheongna > 4,391 acres (18km2)

International Business and Leisure

2. IFEZ Development : Cheongna

3. International Academy & Research Cluster in IFEZ : Vision

3. Education Cluster in IFEZ : Competitiveness of IFEZ

3. International Academy & Research Cluster in IFEZ : Plan

1. East Asia Education & Research Hub

1. East Asia Education & Research Hub

- Songdo : About 9,920,000 ㎡

• First Stage (6,600,000 ㎡)

→ Domestic Universities

• Second Stage (3,320,000 ㎡)

→ Foreign Universities

- Yeongjong : About 992,000 ㎡

- Cheongna : About 992,000 ㎡

2. Plan to Attract Students & Researchers

2. Plan to Attract Students & Researchers

- Until 2010 : 10,000

- Until 2014 : 100,000

- Until 2020 : 200,000

Yeonsei Inha

Gachon

Korea Korea Seogang

HoustonUC

Berkeley Purdue

USCKorea NCSUWaseda

Joongang

Inchon

Korea HUFS

3. International Academy & Research Cluster in IFEZ : Plan

Salk Institute

Fraunhofer

Science Center

BTInstitute(NCSU)

IBM

MOU Agreement

• July, 2007

- Science Center

• Oct., 2007

- NCSU BT Institute

• Nov., 2007

- Salk Institute

- IBM

- Battelle Memorial Institute

MOU Agreement

• July, 2007

- Science Center

• Oct., 2007

- NCSU BT Institute

• Nov., 2007

- Salk Institute

- IBM

- Battelle Memorial Institute

4. Cases of Local & Global Universities : Local University

Seogang-SongdoInternational Techno Park

(Seogang Univ.)

Seogang-SongdoInternational Techno Park

(Seogang Univ.)

Bio-Medical, Industry

& EducationComplex

(Korea Univ.)

Bio-Medical, Industry

& EducationComplex

(Korea Univ.)

Biomedical Science

(Gachon Univ.)

Biomedical Science

(Gachon Univ.)Knowledge

-Based IndustryCampus

(Inha Univ.)

Knowledge-Based

IndustryCampus

(Inha Univ.)

InternationalCulture

& Art Center(Joongang

Univ.)

InternationalCulture

& Art Center(Joongang

Univ.) Construction of Global Standard Education HubLeading University for International Study & Research Complex

• Yonsei Univ. Songdo Global Complex (Leading Project)

4. Cases of Local & Global Universities : Global Campus

GlobalCampusGlobal

Campus

ForeignUniversityForeign

University

Government(IFEZ)

Government(IFEZ)

ResearchInstitute

ResearchInstitute

Domestic UniversityDomestic

University

• North Carolina State University

- Research Institute of Plant Physiology• State Univ. of NY at Stony Brook- Research Institute of IT

• University of Southern California- Institute of Technology & Arts

• Salk Institute- Biological Studies

• North Carolina State University- Microbiological Studies

• Korea University

- BT

• Seogang University- R&D Venture

• Inha University- IT & BT

• Gachon University- Medicine & Medical Science

• Joongang University- Cultural Technology

• Construction of ForeignUniversities and ResearchInstitute Facilities

• One-stop Administration Service

5. Summary

The Role Of Education Cluster in IFEZ

e-Biz 인프라(도입기)e-Biz 인프라(도입기)

e-Biz 확대(성장기) e-Biz 확대(성장기)

e-Biz 안정화(완성기)e-Biz 안정화(완성기)

• Target- Companies in IFEZ

• Target- Research institutes

& companies

e-Biz 안정화(완성기)e-Biz 안정화(완성기)

Supply HR(1ST STAGE)Supply HR(1ST STAGE)

Supply HR(2ND STAGE)Supply HR(2ND STAGE)

Generate Value-addedGenerate Value-added

• Target- Companies in Korea- IT, BT Companies

Promote High-techPromote High-tech• Target

- Top Knowledge-basedTechnopolis