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Korean Free Economic Zones (KFEZ) are designed to actively attract foreign investment by improving the business environment and living conditions of foreign-invested companies and by maximizing the autonomy and investment incentives of companies through deregulation.
Incheon has been reborn as a global business hub. Incheon boasts an ideal international business environment, including Incheon International Airport, which has attained first place at the Airport Service Quality Awards (ASQ) for twelve consecutive years; the rapidly-growing Incheon Port; five world-class foreign universities located in Songdo Global Campus, and an international business complex. The Incheon Free Economic Zone (IFEZ) is a place where everything from bio, logistics, medical care, education, and high-tech industries can be enjoyed.
Go to WebsiteGyeonggi Free Economic Zone (GGFEZ) is located in the center of the West Coast Economic Belt. GGFEZ consists of three zones:: Pyeongtaek Poseung (BIX) Zone and Hyeondeok Zone for high-tech, logistics, and distribution industries; and Siheung Baegot Zone for R&D of land, sea, and unmanned aerial vehicles.
Go to WebsiteGangwon State Free Economic Zone (GSFEZ) is a special economic zone that improves the business environment and living conditions of foreign-invested companies located in Gangwon State. Various tax benefits, deregulation for free economic activities, a good living environment, and convenient administrative services guarantee a free and wide range of corporate activities. GSFEZ is the center of the economy of Northeast Asia, especially for luxurious recreational tourism in all four seasons, hydrogen energy, and high-tech materials and parts industries.
Go to WebsiteChungbuk is located in the central inland region and offers the shortest accessibility in all directions. Chungbuk Free Economic Zone (CEBFEZ) is a new hub for growing global cities and fostering the bio industry and the Urban Air Mobility industry, connected with the rotary wing maintenance.
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Gwangju Free Economic Zone (GJFEZ) is the only AI-focused free economic zone in Korea. GJFEZ is building a new hub for Korea s innovative growth through convergence of cutting-edge technologies, such as next-generation eco-friendly vehicles, smart energy, and biomedical technologies.
GJFEZ consists of AI Convergence Zone, Future Vehicle Zone, and Smart Energy Zone 1 and 2. It promises an optimal environment for investment and the success of business.
Gwangyang Bay Area Free Economic Zone (GFEZ) consists of six specialized zones and seventeen complexes that are perfectly prepared for your success. GFEZ is a new hub for logistics, tourism, and new industries in Northeast Asia, taking shape as a dynamic, international trade city.
Go to WebsiteDaegu and Gyeongbuk are equipped with knowledge-based industries and service infrastructure. Daegu Gyeongbuk Free Economic Zone (DGFEZ) offers business sites, R&D facilities, and stable commercial and residential conditions, with a focus on IT convergence, high-tech transportation machinery parts, and medical industries. DGFEZ is a cluster of major domestic industries, such as Korea s largest automobile parts complex, IT/SW, medical care, and steel, and boasts abundant human resources.
Go to WebsiteUlsan is a no. 1 industrial city with the highest GDP per capita in Korea. The city is a home to world-class automobile, shipbuilding, and petrochemical companies as well as excellent industrial infrastructure (port, airport, railway) and research institutes, such as UNIST, Korea Energy Economics Institute (KEEI), and Korea Research Institute of Chemical Technology (KRICT). In order to play an important role in the development of Korea s industries, Ulsan aims to focus on fostering future mobility, bio, chemical, new materials, hydrogen, and low carbon energy industries. Ulsan Free Economic Zone (UFEZ) is at the center of such efforts.
Go to WebsiteBusan Port is the best logistics hub in Northeast Asia, dealing with 75% of domestic cargo volume and boasting its world-wide ranking for container traffic volume (no. 7) and transshipment cargo (no. 2). Busan Jinhae Free Economic Zone (BJFEZ) is a global industrial cluster of shipbuilding, automobile, and machinery industries as well as a key region for next-generation digital technologies, including electric vehicles and data centers.
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