Korean Free Economic Zones
- where business success formula unfoldsKorea Free Economic Zone
- As centers of inernational business where global capital and information gather, the Korean Free Economic Zones offer the ideal management environment for multinational firms.
Incheon FEZ
- Gateway to Korea Wide Open to the World
- Incheon is turning itself into the business hub of Northeast Asia. The city has a well-established transportation network including Incheon International Airport -- which was ranked first in airport service quality by the Airports Council for 10 consecutive years -- Incheon port and the international business complex. Boasting a highly effective business environment, the IFEZ offers almost everything from logistics and medical services to education and cutting-edge industries.
Gangwon FEZ
- Non-ferrous metals cluster and four-season Maritime tourism hub
- The EFEZ has rich reserves of nonferrous metals and minerals, which are basic materials for the ultralight material industry. The zone is to host 2018 PyeongChang Winter Olympics. It has created the nation’s largest nonferrous metals cluster and invited a number of leading companies in the related business. Its future prosperity will be based on cutting-edge green materials industries, and an international logistics, using business complex, four-season maritime tourism and the winter sports hub of Asia as leverage.
Gyeonggi FEZ
- A hub of innovative growth of new industries in the future
- The Gyeonggi Free Economic Zone (GGFEZ), located at the center of the West Coast Economic Belt, consists of three districts—the Pyeongtaek-Poseung (BIX) District for high-tech, logistics, and distribution industries, the Hyeondeok District, and the Siheung-Baegot District for the research and development of unmanned land/sea/air vehicles.
Chungbuk FEZ
- Hub of Eco-Friendly IT-Biotech Convergence Industry
- The CBFEZ is located at the center of Korea, which allows fast access to inland regions and a transportation network that runs in all directions. It is Korea’s IT-biotechnology convergence industry hub, equipped with a cluster of facilities for solar energy generation, semiconductor manufacturing and biotechnology businesses. It is also turning itself into the hub of Northeast Asia’s aviation Maintenance, Repair and Operations (MRO) industry.
Daegu-Gyeongbuk FEZ
- Transforming from manufacturing industrial complex to high-tech convergence medical industrial complex
- The world's first partnership labor model(Gwangju-type automobile production plant), Creation of Korea's only national AI convergence complex and advanced industrial complex with easy accessibility, great for Business, best for Investment! Gwangju Free Economic Zone support innovative investment
Gwangyang Bay Area FEZ
- For the Future, AI Convergence New-Industry Hub
- The Gwangyang Bay Area is located on the Pacific Ocean’s main sea route. Based on this geographical advantage, the area provides business-friendly infrastructure with plentiful supplies of water and electricity. Centering on five districts themed on logistics, manufacturing, housing, tourism and other functions, the GFEZ aims to become an international trade city where new industries and cultural tourism harmonize.
Busan-Jinhae FEZ
- Internationally Competitive Logistics Hub
- The Busan-Jinhae Economic Zone (BJFEZ) is one of the best distribution hubs in Northeast Asia. BJFEZ, which handles 75% of South Korea's total freight cargo, ranked sixth in the world in terms of container handling capacity and second in transshipment. It has industrial clusters for shipbuilding, auto and machinery and is a home to electric car companies, data centers and many other next-generation digital companies.
Gwangju FEZ
- Win-win and AI-based convergence New Industry Hub
- GJFEZ is the only'AI Free Economic Zone in Korea' by setting the vision of'a new industrial hub based on win-win and artificial intelligence' and reorganizing the future food industry structure of Gwangju based on'Gwangju-type jobs' and'AI'. Operates as'.
Ulsan FEZ
- Northeast Asia Energy Hub Ulsan
- Ulsan is pursuing 10 projects to foster the hydrogen industry with the goal of 2030, establishing a production base for 500,000 hydrogen electric vehicles, attracting more than 200 hydrogen specialized companies, and establishing a hydrogen supply chain and charging infrastructure.
Investment Information
Investment Guide
Foreign investment may take one of the various methods under the Foreign Investment Promotion Act and the Act on Designation and Management of Free Economic Zones, including direct investment to construct a factory, implementation of project development works, investment in equity capital, or import of capital goods.
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STEP01
Report Foreign Investment
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STEP02
Remit investment fund
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STEP03
Register the incorporation of the company
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STEP04
Report incorporation and apply for business registration
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STEP05
Transfer equlity fund to the company account
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STEP06
Register the company as a foreign-invested firm
Major Projects
There are many various projects in KFEZ activated by global investors and companies.
KFEZ Incentive
KFEZ is reducing customs duties, acquisition taxes, and property taxes for foreign-invested companies and developers of development projects in the Free Economic Zone in accordance with related laws such as the Special Act on Designation and Operation of Free Economic Zones and the Restriction of Special Taxation Act.
- Tax reduction
- Management activity support
- Various deregulation
- Administrative procedure support
- One-stop service
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AREA INFOMATION
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Incheon FEZ
- Incheon is turning itself into the business hub of Northeast Asia. The city has a wellestablished transportation network including Incheon International Airport -- which was ranked first in airport service quality by the Airports Council for 12 consecutive years -- Incheon port and the international business complex. Boasting a highly effective business environment, the IFEZ offers almost everything from logistics and medical services to education and cutting-edge industries.
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Incheon FEZ
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AREA INFOMATION
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Busan-Jinhae FEZ
- The Busan-Jinhae Free Economic Zone is Northeast Asia's premier logistics hub, built around a new port that is the world's second-largest transshipment port and seventhlargest container port. In addition to intermodal logistics created by a solid logistics infrastructure of ports, airports, and railways, the city also boasts global manufacturing clusters for industries such as shipbuilding equipment, automotive, and machinery. It also hosts a variety of research centers for global emerging industries, such as the bio and medical fields.
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Busan-Jinhae FEZ
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AREA INFOMATION
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Gwangyang Bay Area FEZ
- GFEZ is developing into a functional chemicals and advanced new materials industry cluster based on POSCO Gwangyang Steel Mill and Yeosu National Industrial Complex. In particular, a secondary battery cluster is forming around anchor companies specializing in secondary battery materials, such as POSCO Future M. GFEZ also boasts stable industrial infrastructure and a business-friendly environment, such as Gwangyang Port, which is strategically located at the center of Northeast Asia's shipping and logistics hub. Additionally, the cultural tourism industry, which embraces the beautiful natural scenery of the picturesque archipelago, is also developing rapidly, helping make the area an overall more attractive place to live and do business.
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Gwangyang Bay Area FEZ
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AREA INFOMATION
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Gyeonggi FEZ
- The Gyeonggi Free Economic Zone (GGFEZ), located at the center of the West Coast Economic Belt, consists of three districts—the Pyeongtaek-Poseung (BIX) District for high-tech, logistics, and distribution industries, the Hyeondeok District, and the Siheung-Baegot District for the research and development of unmanned land/sea/air vehicles.
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Gyeonggi FEZ
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AREA INFOMATION
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Daegu-Gyeongbuk FEZ
- The DGFEZ is armed with Korea’s knowledge-based industry and ideal service infrastructure. It offers development land, R&D facilities, commerce and residential areas with a focus on IT convergence, transport components and medical businesses. It is located in the heart of Korea's largest automotive cluster and a center of IT/SW, healthcare and steel industries. The area also boasts high-quality human resources.
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Daegu-Gyeongbuk FEZ
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AREA INFOMATION
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Gangwon FEZ
- The Gangwon Free Economic Zone (EFEZ) is a special economic zone designed to establish the Gangwon of Gangwon-do as a Pan-East Sea economic hub by promoting global tourism and leisure industries and by developing an international logisti business complex and international city.
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Gangwon FEZ
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AREA INFOMATION
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Chungbuk FEZ
- The CBFEZ is located at the center of Korea, which allows fast access to inland regions and a transportation network that runs in all directions. It is Korea’s IT-biotechnology convergence industry hub, equipped with a cluster of facilities for solar energy generation, semiconductor manufacturing and biotechnology businesses. It is also turning itself into the hub of Northeast Asia’s aviation Maintenance, Repair and Operations (MRO) industry.
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Chungbuk FEZ
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AREA INFOMATION
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Gwangju Free Economic Zone
- The world's first partnership labor model(Gwangju-type automobile production plant), Creation of Korea's only national AI convergence complex and advanced industrial complex with easy accessibility, great for Business, best for Investment! Gwangju Free Economic Zone support innovative investment
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Gwangju Free Economic Zone
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AREA INFOMATION
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Ulsan Free Economic Zone
- In the Ulsan Free Economic Zone, more than 80 companies and organizations such as the Hydrogen Fuel Cell Demonstration Center, Korea Institute of Energy Research, and UNIST are located in the Ulsan Free Economic Zone.
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Ulsan Free Economic Zone