• 2026.01.20 (Tue)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
MENU
 
Home > Synthesis

Incheon's Land Area Expands Significantly, Boosting Economic Value by $1.7 Billion

Min Gyu Mi Reporter / Updated : 2025-04-07 10:37:10
  • -
  • +
  • Print

INCHEON, SOUTH KOREA – Incheon's total land area has expanded to 1,069.5 square kilometers (approximately 412.9 square miles), marking a substantial 2.4 square kilometer (around 0.9 square miles) increase compared to the previous year. This growth, revealed in the 2025 cadastral statistics released by the Ministry of Land, Infrastructure and Transport on April 1st, translates to an estimated economic value surge of 2.3 trillion Korean Won, or approximately $1.7 billion USD (based on the 2024 officially assessed land prices in adjacent areas).

The primary drivers behind this expansion are the recent completion of significant land reclamation projects within the Incheon Free Economic Zone in Yeonsu-gu. Specifically, the newly registered land includes 1.5 square kilometers in Block 11-2 and an additional 0.9 square kilometers in the port hinterland of Block 10. These strategically important areas are poised to further fuel Incheon's economic development and strengthen its position as a key logistics and business hub in Northeast Asia.

Since the initial compilation of cadastral statistics in 1970, when Incheon's total area stood at a mere 189.1 square kilometers, the city has undergone remarkable territorial growth. This expansion has been primarily attributed to continuous and ambitious land reclamation projects along its coastline and the incorporation of surrounding administrative districts.

The 2025 figures position Incheon as the second-largest among South Korea's special and metropolitan cities in terms of land area, trailing only Daegu Metropolitan City (1,499.5 square kilometers). This represents an impressive 5.6-fold increase in landmass over the past five decades, highlighting Incheon's dynamic growth and development.

An analysis of Incheon's land use distribution reveals that forests and woodlands constitute the largest share at 36.1%. Paddy fields account for 14.3%, followed by residential land at 11.2%. Combined, natural landscapes (forests/woodlands) and agricultural land (paddy fields, dry fields, orchards) occupy a significant 57.8% of the city's total area, underscoring the importance of these sectors despite rapid urbanization.

In 2024, land use trends indicated a minor contraction of 2.5 square kilometers (-0.5%) in miscellaneous land, forests/woodlands, and paddy fields. Conversely, residential land experienced a notable increase of 2.2 square kilometers (2%), reflecting ongoing urban development. Recreation and leisure areas, including parks and amusement parks, also saw a significant expansion of 1.2 square kilometers (4%), highlighting a growing emphasis on quality of life and green spaces within the city.

Over the past decade, more pronounced shifts in land use have occurred. Areas dedicated to dry fields, paddy fields, and forests/woodlands have decreased by 7.4%, 11.5%, and 3.4% respectively, as land is repurposed for urban development. In contrast, residential land, roads, and parks have witnessed substantial growth, increasing by 17.8%, 16.1%, and an impressive 87.8% respectively. This long-term trend underscores Incheon's transformation into a modern, urbanized center with expanding infrastructure and recreational facilities.

Regarding land ownership, the majority (52.4%) is held by individuals, while state and public entities own 26.6%, and corporations hold 19.1%. Over the last ten years, individual land ownership has slightly decreased by 3.6%, while state and public ownership and corporate ownership have seen increases of 11.7% and 6.8% respectively, indicating a growing role of public and private sector entities in land management and development.

Lee Cheol, Director of Incheon Metropolitan City's Urban Planning Bureau, emphasized the city's commitment to making this valuable data accessible to the public. "To ensure that citizens can easily understand and engage with these cadastral statistics, we are developing user-friendly content linked with the Incheon Metropolitan City Map Portal. This will include intuitive maps, informative photographs, and clear explanations to provide a comprehensive understanding of our city's evolving landscape," Director Lee stated.

This expansion of Incheon's land area and the corresponding increase in its economic value underscore the city's continued growth and its strategic importance within the South Korean economy. The ongoing land reclamation and evolving land use patterns reflect Incheon's dynamic development as a major metropolitan center.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
  • #타이완포스트
  • #김포공항
Min Gyu Mi Reporter
Min Gyu Mi Reporter

Popular articles

  • World Gi-Seon Cup Kicks Off with $300,000 Grand Prize; Shin Jin-seo and Ding Hao to Clash

  • Cold Wave Hits Korea: Thermal Wear and Padded Jackets Fly Off the Shelves

  • Yongin Semiconductor Cluster Gains Momentum as Land Compensation Begins; Construction Slated for Late 2026

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065576928068667 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • “$3.20 for Coffee, 15 Cents for the Cup”: New Pricing Policy Leaves Café Owners Exhausted
  • “HBM Semiconductor Tech Stolen”: China Remains Top Destination for South Korea’s Leaked Technology
  • KOSPI Hits Historic 4,900 Mark After 12-Day Rally; Hyundai Motor Soars to 3rd in Market Cap
  • S. Korea Braces for Longest, Most Intense Cold Wave of the Season: Feels-like Temps to Plummet to -20°C
  • Trump Escalates Atlantic Tensions with ‘Greenland Tariffs’ Targeting European Allies
  • Wealthy Individuals Value Time Over Money: Insights into the "Rich Mindset"

Most Viewed

1
“The Answer Lies in the Field”... Incheon Superintendent Do Seong-hun Bets on ‘Educational Innovation’ for 2026
2
Territorial Plundering in the 21st Century: The Catastrophe Awaited by Trump’s ‘Order Through Force’
3
From 'Maduro Gray' to 'Hwang Hana Parka': Why Negative News Drives Fashion Consumption
4
Actress Goo Hye-sun Fast-tracks Master’s Degree at KAIST, Eyes Doctorate Next
5
South Korean Rebar Defies 50% Tariffs: A Strategic Pivot to the U.S. Amid Domestic Stagnation
광고문의
임시1
임시3
임시2

Hot Issue

KOSPI Hits Historic 4,900 Mark After 12-Day Rally; Hyundai Motor Soars to 3rd in Market Cap

“HBM Semiconductor Tech Stolen”: China Remains Top Destination for South Korea’s Leaked Technology

Hyundai’s ‘Atlas’ Shakes Up CES 2026: A Formidable Rival to Tesla’s Optimus

Long Queues in Sub-zero Temperatures: Hello Kitty Meets Jisoo as MZ Generation Flocks to Pop-up Store

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 독도는우리땅
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column 
    • 전체
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers