In 2003, Incheon, South Korea was designated as the country's first Free Economic Zone (FEZ) to establish it as a business hub for Northeast Asia and support new economic growth. The Incheon Free Economic Zone (IFEZ) was designed to incorporate business, industry, education, healthcare, leisure and shopping. It includes developments like Songdo International City, an international business district built on reclaimed land using advanced technology and sustainable practices. The goal of IFEZ is to make Incheon a global economic center through projects like Songdo, which has been called "the model of the future city" and "the rising star of Asia".