Wednesday, December 23, 2009

Songdo u-City: Global IT Innovation Hub

Songdo u-City is a new city in Incheon, S. Korea for creating innovative living environment for international business (NY Times: Korea's High-Tech Utopia, Where Everything Is Observed:

Recently the Songdo u-City got a media attention due to its hosting of new global IT innovation centers:

Cisco is going to invest $2 billion dollars over the next five years starting from 2010 for the development of ‘Smart Connected Communities solutions’ for the u-City.

GE plans to establish a global IT-health R & D center in Songdo u-City. GE will invest $42 million for the next five years for the development of state-of-the-art healthcare IT solutions.

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