Over the next 12 years, Korea will build apartment buildings for 250,000 people in IFEZ. It'll construct the world's second-tallest skyscraper. Car companies GM and Daewoo are building a major research center and test track. Korea wants to lead the world in robotics. It's making "robot land" in one corner of IFEZ.
IFEZ construction started six years ago. The convention center, the international school, two universities, the world's second busiest cargo airport, and the 11th busiest passenger airport have already been built. And the seven-mile bridge connecting the airport with IFEZ's business area is almost finished. (The airport is on an island.)
IFEZ will be a "business utopia" for international companies. The government will give you free land and major tax breaks if you locate your business there. IFEZ is at the center of Asia. China's industrial East Coast is just 200 miles away. Business centers in Hong Kong, Taiwan, and Japan are close, too. And English is the official language. It's aggressive, almost militant capitalism.
Acknowledgement to Tom Dyson
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