Korean Free Economic Zone

Korea Free Economic Zones (KFEZ) are designated to strengthen national competition for businesses and promote balanced regional development by improving living conditions and business environments for foreigners in South Korea. Korea's economic zone planning office is in charge of this project. The Korean government provides a variety of tax benefits for foreign firms and foreigners, as well as a simpler regulatory regime, a favorable living environment and swift administrative services. KFEZ endeavors to establish economic and social institutions that lead global trends and provide a variety of incentives.[1]

Districts

District Location Focus Industries Starting Date Website
Incheon FEZ Incheon IT, BT, international finance, tourism & leisure August 6, 2003
Busan/Jinhae FEZ Busan
Gyeongsangnam-do
maritime logistics, shipbuilding March 30, 2004
Gwangyang FEZ Jeollanam-do
Gyeongsangnam-do
maritime logistics, materials March 24, 2004
Yellow Sea FEZ Chungcheongnam-do
Gyeonggi-do
automobile components, value-added logistics July 22, 2008
Saemangeum/Gunsan FEZ Jeollabuk-do automobiles, shipbuilding, green industries August 28, 2008
Daegu/Gyeongbuk FEZ Daegu
Gyeongsangbuk-do
education, medical, knowledge-based August 13, 2008
Chung Buk FEZ Chungcheongbuk-do tourism, automobile components April 26, 2013
East Coast FEZ Donghae
Gangwon-do
IT components, logistics, tourism July 9, 2013

References

External links

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