IFEZ draws $553.5 million in FDI in Q3, reaching 92.3% of annual goal

Courtesy of the Incheon Free Economic Zone IFEZ — Courtesy of the Incheon Free Economic Zone (IFEZ)

SEOUL, October 21 (AJP) - The Incheon Free Economic Zone (IFEZ) announced that foreign direct investment (FDI) declarations in the third quarter of 2025 reached $553.5 million, achieving 92.3 percent of its yearly target.

Following $494.7 million in the first half, an additional $58.8 million was reported in the third quarter, pushing total declarations close to the full-year goal.

IFEZ reported strong results in its key strategic sectors, particularly bio and semiconductor industries. Major investments declared earlier in the year included Sartorius Korea Operations ($250 million), Lotte Biologics ($28.7 million), TOK Advanced Materials ($24.6 million), renewable energy firm Orsted ($119.6 million), and retail developer Costco Cheongna ($61.4 million). In the third quarter, Starfield Cheongna joined with a $52.5 million declaration.

Actual FDI inflows reached $391.2 million—112 percent of the annual goal of $350 million and more than 2.8 times the previous year's figure. Since its establishment, IFEZ has accumulated a total of $16.72 billion in declared FDI.

Despite global economic uncertainty, trade tensions, and political instability at home and abroad, IFEZ attributed the steady growth to its active investor relations efforts and the continuous expansion of infrastructure supporting foreign residents and businesses.

Maintaining its annual targets of $600 million in FDI declarations and $350 million in inflows, IFEZ has set out the "2025 Comprehensive Investment Promotion Plan," focusing on three main pillars: the medical and bio industry, advanced and strategic industries such as semiconductors, and tourism, leisure, and cultural content.

Commissioner Yun Won-sok said he expects IFEZ to surpass $600 million in FDI declarations for the second consecutive year. "Large-scale investment projects in bio and semiconductor sectors are progressing, and we are seeing tangible results from the K-Con Land initiative led by the U.S.-based Kessler Group, aimed at building an Asian version of Hollywood," he said.

Park Sae-jin swatchsjp@ajunews.com