DCRE, an OCI subsidiary, has launched CITYOCIEL in July 2020, an urban development project in the Yonghyeon Hagik District of Incheon Metropolitan City, formerly the site of an OCI plant. CITYOCIEL is a private urban development project aimed at developing a mini-city with an area of 1.54 million square meters at 587-1, Hagik-dong, Michuhol-gu, Incheon. By investing KRW 5.7 trillion by 2025, ten residential complexes (8 complexes: proprietary development, two complexes: rental housing) will be built. About 13,000 households will move into the complexes. In March 2021, lot sales began for 977 residential apartment units, and 902 studio apartments in the 3rd complex, and the remainder will be sold sequentially. Large parks, leisure and cultural facilities, large commercial and convenience facilities, and infrastructure will be built in CITYOCIEL. It will become a leading mini-city in Incheon.

‘O’ refers to optimum, origin, or the center of harmony, and ‘CIEL’ in French means sky (top). A combination of residential value and economic value is required to generate the optimal value in a premier urban complex. It has a human-centric urban design and uses the concept of the sky based on the history of Yonghyeon and Hagik. CITYOCIEL means a top premier city, with harmony between nature, people, the city, and culture under the sky, complete with convenient transportation and adequate infrastructure.