Free Economic Zone (7)
|Zone||Purpose and features|
|Chungbuk Free Economic Zone(CBFEZ)||
To build an IT cluster and a bio-medical hub based on its optimal accessibility to Korea and Northeast Asia; and to develop the complex aerospace industry.
|East Coast Free Economic Zone(EFEZ)||
To build the East Sea area as an economic hub of pan-East Sea region by developing the high-tech green material industry and global tourism and leisure industry; and by establishing global logistics and business complexes.
|Yellow Sea Free Economic Zone(YESFEZ)||
To establish an international cooperation base for the advanced technology industry of pan-Yellow Sea region by building a global-level advanced technology cluster and an advanced base for import and export to and from China; and by developing the added value logistics industry.
|Daegu-Gyeongbuk Free Economic Zone(DGFEZ)||
To develop a base for the new growth of the global knowledge-based industry; and to establish a knowledge creative free economic zone, different from the logistics-centered one.
|Gwangyang Bay Area Free Economic Zone(GFEZ)||
To establish a dynamic international trade city that is in harmony with the future new industry and cultural tourism, which are based on the excellent business environment of industries including steel, petrochemical and parts and materials and logistics infrastructure and tourism resources of Gwangyang port.
|Busan-Jinhae Free Economic Zone(BJFEZ)||
To become the mecca of global logistics business by developing each region of the Busan-Jinhae Free Economic Zone as the hub of port logistics, advanced technology, international business and resort.
|Incheon Free Economic Zone(IFEZ)||
As the core region for realizing the economic hub of Northeast Asia, the Incheon Free Economic Zone strives to build a high-tech international business city based on Songdo (business IT·BT), Yeongjong (logistics, tourism) and Cheongna (business·finance, tourism and leisure, advanced industries) districts.
* Although the designation of Free Economic Zone in Saemangeum area was cancelled as of April 6, 2018, Saemangeum project is still underway due to the Act on Saemangeum Project.