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What is a Free Economic Zone?

A Free Economic Zone (FEZ) is a special economic area designated in order to attract higher levels of foreign investment by a) improving business and residential conditions for foreign investment companies; and b) by relaxing various regulations to secure the freedom to engage in economic activities and offer attractive investment incentives as much as possible. In addition, FEZs provide a wide range of tax benefits, reduce regulations to ensure the freedom to engage in economic activity, establish convenient living conditions and easy-to-use administrative services for free-flowing and diverse business endeavors.

BUSINESS

SONGDO LANDMARK CITY


Project for creating an area of 5,829,446㎡ in size that will become the optimal international business city consisting of convention centers, parks, international schools, tourism and leisure facilities, and residential infrastructure.

LOGISTICS

INCHEON NEW PORT


A central port to accommodate the largest economic zone, including the capital area, in Korea, that accounts for 49% of the Korean population and 48% of GDP as of 2012. It is planned to be constructed as one of the main ports of Northeast Asia that will comprise a logistics complex 6.174 million square meters in size and that will be able to handle a total of 29 ships at any one time and that will have the capacity for 4.2 million TEU containers per year by investing KRW 4.5 trillion by 2030.

HI-TECH INDUSTRY(IT)

HI-TECH INDUSTRY(IT)


Songdo Knowledge & Information Industrial Complex is being created as a way to anchor companies and R&D centered industrial clusters based on world class IT infrastructure. It provides the best business environment for knowledge-based industry at a global level.

MEDICAL · BIO

SONGDO BIOFRONT


Forms a bio cluster including customized and regenerative medicines that will lead to important breakthroughs in technology and bio-medicine, medical devices, and service sectors, all of which comply to international standards

TOURISM·CULTURE

ARTS CENTER INCHEON


Songdo Knowledge & Information Industrial Complex is being created as a way to anchor companies and R&D centered industrial clusters based on world class IT infrastructure. It provides the best business environment for knowledge-based industry at a global level.

For more information, 

please check Incheon Free Economic Zone link stated below.


http://www.ifez.go.kr/eng/ivi010

TRACER

GANGNAM-GU, SEOUL, REPUBLIC OF KOREA

YUNGSYR80@TRACERS.CO.KR