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$800 MLN IN COMMERICAL REAL ESTATE TO BREAK GROUND, INCHEON, SK.

AsiaPulse News

| February 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(Full text of a statement. Contact details below.) Million In Commerical Real Estate To Break Ground, Incheon, South Korea

NEW YORK, Jan. 31 /PRNewswire-AsiaNet/ --

Signature Commercial Building Anchors New Songdo City as Northeast Asia's Business Hub

The groundbreaking for $800 million in New Songdo City projects including the $500 million, 65-story Northeast Asia Trade Tower, the signature commercial office tower in New Songdo City, will take place Thursday, February 1, 2007 at 11:00 a.m. at the New Songdo Marketing Center, New Songdo City, Incheon, South Korea.

Also breaking ground will be other key elements of New Songdo City: the $100 million, 300-room Convention Center Hotel and the $200 million, 100-acre Songdo Central Park.

Keynote remarks will be given by South Korea's Deputy Prime Minister and Minister of Finance and Economy O-Kyu Kwon and U.S. Ambassador to the Republic of Korea Alexander R. Vershbow.

Additional remarks will be offered by the Mayor of Incheon Metropolitan City, Sang-Soo Ahn.

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