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Incheon
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==Economy== Incheon forms the heart of Capital Industrial Region. During the industrialization of South Korea, several industrial complexes were built throughout the city, and as a result, the city was largely dependent on manufacturing industry. But with the designation of [[Incheon Free Economic Zone]] in 2003, the city is now making an effort to foster new growth industries. Major industrial parks include Bupyeong industrial complex, which hosts [[General Motors|GM]] Incheon plant(formerly a GM Daewoo Incheon plant), Juan industrial complex, and Namdong Industrial complex.{{citation needed|date=March 2022}} In recent years, bio industry is emerging as a new growth industry of the city.{{citation needed|date=March 2022}} Currently, with the total production capacity of 330kβ per year, the city ranks 2nd in the world by production capacity along with [[San Francisco]], United States.{{citation needed|date=March 2022}} The capacity is under expansion, and after completion in 2018, the city will rank 1st with the production capacity of 510kβ.<ref>{{Cite news|script-title=ko:μ‘λκ΅μ λμ μΈκ³ μ΅λ λ°μ΄μ€μμ½ν μμ°κΈ°μ§λ‘ λ¬λ€ |trans-title=Songdo International City becomes the world's largest biopharmaceutical production base |language=ko |date=12 October 2015 |url=http://www.yonhapnews.co.kr/bulletin/2015/10/12/0200000000AKR20151012057700065.HTML? |archive-url=https://web.archive.org/web/20151014232338/http://www.yonhapnews.co.kr/bulletin/2015/10/12/0200000000AKR20151012057700065.HTML |archive-date=14 October 2015 |url-status=live }}</ref> Also, [[logistics industry]] is also experiencing a rapid growth, thanks to [[Incheon Airport]], which was ranked fourth in the world by cargo traffic, and the expansion of Incheon Port.
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