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Objective
To support the operation of Incheon International Airport, the area south of the Passenger Terminal is being developed into an arena for international business and administration.
Method: Build-Own-Operate-Transfer (BOOT)
- Private investors construct facilities, own and operate the facilities for periods of up to 50 years, and then transfer them to Incheon Airport
- The project company develops the facilities and recoups their investment costs during the land use period.
History
- July. 1995 : International Business Center IBC-1 Phase Urban Design
- Feb. 1997 : International Business Center IBC-1 Phase Development Plan Established
- Oct. 1997 : International Business Center IBC-1 Phase Development Plan Approved
(Ministry of Construction & Transportation) - Nov. 1997 : Inducement of Private Capital Investment Commences
Facilities
| Category | Facility (Project Promoter) |
Building Area |
Date Completed |
Facility Scale | Land Use Period | ||
|---|---|---|---|---|---|---|---|
| Floors | Total Area | ||||||
| HOTELS | H1 | Hyatt regency incheon (KAL Hotel Network, Ltd.) |
16,348㎡ | Aug. 20, 2003 |
Underground: 2 Above-ground: 11 |
74,977㎡ (534 rooms) |
50 years |
| H2 | Available | ||||||
| H3 | Best Western Hotel (Ristoria [AMT] Pet.Ltd) |
5,475㎡ | Feb. 16, 2004 |
Underground: 1 Above-ground: 10 |
16,692㎡ (301 rooms) |
35 years | |
| OFFICES & RETAIL |
B2 | WorldGate (Samsung Corp./Kumho Ind.) |
7,574㎡ | Dec. 16, 2002 |
Underground: 2 Above-ground: 12 |
34,035㎡ (461 offices, 31 shops) | 50 years |
| B3 | SkyWorld (Daewoo Const.) |
5,095㎡ | May 29, 2004 |
Underground: 2 Above-ground: 12 |
25,398㎡ (401 offices, 13 shops) | 50 years | |
| B4 | LG Eclat (Yeolseong Officetel) |
6,718㎡ | July 24, 2003 |
Underground: 2 Above-ground: 11 |
35,636㎡ (515 offices, 46 shops) | 50 years | |
| B5 | The O Ville (Daewoo Const.) |
7,907㎡ | Aug. 21, 2004 |
Underground: 2 Above-ground: 12 |
39,714㎡ (553 offices, 24 shops) | 50 years | |
| C | Airport Royal Plaza (Airport Royal Plaza, Ltd.) |
12,147㎡ | April 6, 2005 |
Underground: 3 Above-ground: 9 |
62,895㎡ | 25 years | |
| LEISURE & CONVENIENCE |
SKY72 Golf Club (SKY72 Ltd.) |
3,931㎡ | Dec. 30, 2005 |
72-hole golf course 300m driving range | 15 years (Dec. 2020) | ||
| Golf Practice Range (Incheon Golf Club) |
141,350㎡ | June 29, 2004 |
Above-ground : 3 /Underground: 1 -9-hole course -120 bays |
8,181㎡ | 9.5 years (Sept. 2013) | ||
| Car Wash (ING) |
1,851㎡ | Oct. 28, 2003 |
Above-ground : 3 /Underground: 1 -9-hole course -120 bays |
1,683㎡ | 5 years (Nov. 2008) | ||
| Inha International Medical Center |
12,147㎡ | Sep 2012 |
Above-Ground(10), Underground(2) | 20,903㎡ | 50 years (Jan. 2012) | ||
Layout of Facilities
