[Incheon] Incheon Economic Office promotes K-beauty complex in Songdo

A complex complex with K-beauty-related medical, education, business, and residential facilities will be created in Songdo International City, Incheon.

The Incheon Free Economic Zone Authority said it signed a memorandum of understanding (MOU) with LCS Group in the Philippines at G Tower in Songdo to attract the K-beauty industry complex.

LCS Group plans to invest about 500 billion won in 22,000 square meters of I-7 block in Songdo International Business District to create medical facilities, educational research facilities, business facilities, and direct accommodation related to the K-beauty industry.

Here, we will educate domestic beauty service technology to foreign workers, including the Philippines, and promote K-beauty exports and tourism.

The Incheon Economic Administration explained that LCS Group's total assets are worth 2.3 trillion won and that it is the 10th largest company in the Philippines business with 15 affiliates, including mining, energy, automobiles, and aviation.

Under the agreement, the LCS Group should engage domestic and foreign competitive beauty industry professionals in the business within a year and work with the Philippine government to come up with a business plan that includes a workforce training program to train K-beauty skills.