Incheon – Comprehensive Overview of the City, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

“City Profile – Incheon” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Incheon.

The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Incheon metropolitan area is one of the six metropolitan areas in South Korea. The area’s nominal GDP accounted for 4.7% of the national GDP in 2020. The area’s economy is built around the services sector, which includes finance and insurance, trade, real estate, information and communication, and business service.

Scope

– The service sector remains the key contributor to the area’s economy – and the major employer.

– The COVID-19 pandemic in early January 2020 affected both the tourism and hospitality industries of Incheon. Following a surge in the number of COVID-19 cases in February, the city government taken various measures, including the closure of all attraction sites and the cancellation or postponement of all events and festivals. The city’s international tourist market was affected due to travel ban from countries affected by the pandemic, including China, Italy, Iran, and the US

Reasons to buy

- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.

- Analyze and understand the business environment in the city to align your investment and expansion strategies.

- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.

- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.

Table of Contents

Table of Contents

City Snapshot

PEST Analysis

Political

Economic

Social

Technology and Infrastructure

Communications

Internal Transport Networks

Connectivity

Airports

Ports

Business Environment Analysis

Travel and Tourism

Tourism Flows

Hotels

Attractions

Events

Construction and Real Estate

Investment

Real Estate Market

Retail

Retail Market

Consumption, Income and Prices

Appendix

Sources

Further Reading

Ask the analyst

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Disclaimer

List of Tables

List of Tables

Table 1: Incheon metropolitan area – key facts (estimates), 2020

Table 2: Incheon metropolitan area – real GDP and real GDP growth, 2000-25

Table 3: Incheon metropolitan area – economic growth comparison (Index 2010=100), 2000-25

Table 4: Incheon metropolitan area – GDP per capita comparison, 2000-25 (US$)

Table 5: Incheon metropolitan area – employment structure, 2000-25 (% of total)

Table 6: Incheon metropolitan area – population comparison, 2000-25 (million)

Table 7: Incheon metropolitan area – population by age, 2000-25 (% of total)

Table 8: Incheon metropolitan area – mass transit network indicators, 2020

Table 9: Incheon metropolitan area – Incheon International Airport, key airport indicators, 2016-2021*

Table 10: Incheon metropolitan area – MICE and other events

List of Figures

List of Figures

Figure 1: Incheon metropolitan area – real GDP and real GDP growth, 2000-25

Figure 2: Incheon metropolitan area – economic growth comparison (Index 2010=100), 2000-25

Figure 3: Incheon metropolitan area – GDP per capita comparison, 2000-25

Figure 4: Incheon metropolitan area – employment structure, 2000-25 (% of total)

Figure 5: Incheon metropolitan area – population comparison, 2000-25

Figure 6: Incheon metropolitan area – population by age, 2000-25 (% of total)

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