Incheon has since led the economic development of Korea by opening its port to the outside world, issuing in the modernization of Korea as a center of industrialization. In 2003, the city was designated as Korea’s first free economic zone. Since then, large local companies and global enterprises have increasingly invested in Incheon Free Economic Zone, including Samsung which chose Songdo International City as its new investment destination for its bio industry.
As an international city, Incheon has held numerous large scale international conferences, such as the Incheon Global Fair & Festival in 2009. The 17th Asian Games Incheon 2014 will also be held in Incheon from September 19, 2014. Incheon has established itself as a major transportation hub in northeast Asia with the world renowned
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