Songdo International Business District
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Songdo 송도 |
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|---|---|
| International Business District | |
| Songdo International Business District | |
 Songdo
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| Coordinates: 37°23′20″N 126°39′08″E / 37.38889°N 126.65222°ECoordinates: 37°23′20″N 126°39′08″E / 37.38889°N 126.65222°E | |
| Country | South Korea |
| Region | Sudogwon |
| Provincial level | Incheon |
| Time zone | Korea Standard Time (UTC+9) |
| Website | www |
Songdo International Business District (Songdo IBD) is a new smart city or "ubiquitous city" built from scratch on 600 hectares (1,500 acres) of reclaimed land along Incheon's waterfront, 65 kilometres (40 mi) southwest of Seoul, South Korea and connected to Incheon International Airport by a 12.3-kilometre (7.6 mi) reinforced concrete highway bridge, called Incheon Bridge. Along with Yeongjong and Cheongna, it is part of the Incheon Free Economic Zone.
The Songdo International Business District will feature the Northeast Asia Trade Tower and the Incheon Tower. Schools, hospitals, apartments, office buildings and cultural amenities are to be built in the district. Replicas of architectural hallmarks, including New York City's Central Park and Venice's waterways, will also be incorporated. This 10-year development project is estimated to cost in excess of $40 billion, making it one of the most expensive development projects ever undertaken.
With 106 buildings and 22 million sq ft. of LEED-certified space, the green building certification by the United States Green Building Council, Songdo IBD makes up about 40% of all LEED-certified space in South Korea.
A small number of Japanese residents have sought to live in Songdo IBD after the Tohoku earthquake.
Gale International, holds a majority stake of 61%, Posco 30%, and the remaining 9% is owned by Morgan Stanley Real Estate. The plan was designed by the New York office of Kohn Pedersen Fox (KPF). Infrastructure development, labor, and funding are also being provided by the city of Incheon.
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