Korean Free Economic Zone


Korea Free Economic Zones 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.

Districts

DistrictLocationFocus IndustriesStarting DateWebsite
Incheon FEZIncheonIT, BT, international finance, tourism & leisureAugust 6, 2003
Busan/Jinhae FEZBusan
Gyeongsangnam-do
maritime logistics, shipbuildingMarch 30, 2004
Gwangyang FEZJeollanam-do
Gyeongsangnam-do
maritime logistics, materialsMarch 24, 2004
Yellow Sea FEZChungcheongnam-do
Gyeonggi-do
automobile components, value-added logisticsJuly 22, 2008
Saemangeum/Gunsan FEZJeollabuk-doautomobiles, shipbuilding, green industriesAugust 28, 2008
Daegu/Gyeongbuk FEZDaegu
Gyeongsangbuk-do
education, medical, knowledge-basedAugust 13, 2008
Chung Buk FEZChungcheongbuk-dotourism, automobile componentsApril 26, 2013
East Coast FEZDonghae
Gangwon-do
IT components, logistics, tourismJuly 9, 2013