Intel, SAP, Cisco to back $13 billion Korean site

Inchon Airport to be biggest in Asia claim

The South Korean government will announce Thursday some of the fruits of foreign investment in the country. A major science park is being built at Inchon, South Korea, using reclaimed land. In 2001, Asia's biggest airport, Inchon International will open close to the site. It is already under construction, a representative said. According to a representative for Inchon Metropolis, the total project is worth over $13 billion. Intel, SAP and Cisco are all investors in the science park. Daewoo will move its HQ there, a representative said. Yongjong Island, near Inchon International will be a free trade zone and the area has already attracted foreign investment in terms of infrastructure, the representative added. In addition, foreign and local investors will create a so-called "Media Valley" aimed at attracting talent to the area. The South Korean government is also offering aid to the Inchon project. ®

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