Sep 15 2015

PGA Tour’s The Presidents Cup 2015 Shines Spotlight on Korea’s Songdo International Business District

New City in South Korea Earns International Acclaim for Quality of Life, Sustainability and Smart City Initiatives as Nearly 100,000 Visitors Expected for Tournament

NEW YORK, N.Y. and INCHEON, South Korea – September 15, 2015 – Songdo International Business District (IBD) is earning international attention as the location of the PGA TOUR’s prestigious Presidents Cup tournament, to be held October 8-11, 2015, at the Jack Nicklaus Golf Club Korea. The Presidents Cup is one of the most eagerly anticipated and highly watched events in the sport of golf.  The International and U.S. teams, each with 12 players, boast many of the sport’s new generation of stars, including, on the International Team, Vice Captain K.J. Choi and Sang-moon Bae, and on the U.S. Team, Jordan Spieth and Dustin Johnson. The tournament is expected to attract nearly 100,000 visitors from around the globe to the Jack Nicklaus Golf Club Korea and over one billion television viewers. Stan Gale, chairman of New York City-based Gale International, serves as co-developer of the $35 billion, master-planned city of Songdo IBD.  “This tournament marks The Presidents Cup’s first trip to Asia and is a historic first for the nation of Korea. When Gale International and our partners at POSCO E&C set out to build a new international city, we envisioned global events such as the Presidents Cup taking place in Songdo.  This far-reaching vision informed every detail of the planning process, so that our world-class city and championship golf course could one day host an event of this magnitude.  Our decade-long efforts have paid off, and we are honored to present the fruits of this U.S. and Korean partnership – the city of Songdo – to a global audience.” Songdo IBD (, a 1,500-acre (6 km2) city-scale development on the western coast of the Korean Peninsula, is a joint undertaking by Gale International, Korea’s POSCO E&C, and Incheon Metropolitan City.  This unique public-private partnership is a model of international collaboration. Located 35 miles southwest of Seoul, Songdo IBD is Korea’s largest economic development zone. The many thousands of international visitors to The Presidents Cup 2015 will experience Songdo’s vibrant, urban setting, stunning architecture, and extraordinary amount of green space (which comprises 40% of the city in area). Songdo IBD is one of the largest public-private real estate ventures in the world. When completed (projected 2020), it will be home to 65,000 residents and 300,000 people will work there daily. Currently, 36,000 people reside in Songdo IBD, with 90,000 residents in greater Songdo City. Songdo IBD is globally recognized as the world’s foremost smart, sustainable city-scale development.  In 2012, the Green Climate Fund selected Songdo as the host city for its Secretariat.  Additional prestigious international organizations (such as World Bank Korea) have since located to Songdo.