A World within Korea !

Korea's Free Economic Zones boast a winning combination of the world's best ideas, 
talent and businesses. Every day, new success stories are being told. 
Step out into the world through Korea's Free Economic Zones and create 
the future you dream of.

Gwangyang Bay Area
Gwangyang Bay Area Free Economic Zone(90.5km2, ~2020)

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Map - Gwangyang Free Economic Zone
Gwangyang District
Gwangyang Port Container Terminal
Gwangyang Port's East Hinterland
Gwangyang Port's West Hinterland
Posco Terminal CTS
Hwanggeum Industrial Complex
Seonghwang Hinterland
Yulchon District
Yulchon 1 Industrial Complex
Yeosu Airport
Yulchon 2 Industrial Complex
Yulchon 3 Industrial Complex
Yulchon Container Terminal
Sindeok District
Sindae Hinterland
Haeryong Industrial Complex
Gwangyang Logistics Complex
Seonwol Hinterland
Yonggang Hinterland
Sindae-Deokrye Hinterland
Hwayang District
Hwayang District
Hadong District
Daesong Industrial Complex
Galsaman Reclaimed Land
Galsaman Hinterland
Deokcheon Hinterland
Duu Hinterland

GFEZ (Gwangyang Bay Area Free Economic Zone)

Vision

Cutting-edge international city where people, capital and new industries converge- GFEZ
Unrivalled location for port logistics
- Starting point for Northeast Asian logistics due to its location in the main shipping routes of northern China-
  Japan-US- Europe
- Lowest logistics cost among Northeast Asian ports due to exemption of port user fee
- Port environment that allows for entry of large container vessels
- Completion of Gwangyang Port development and port hinterland logistics center will enable GFEZ to emerge as
  the mega hub port of Northeast Asia
Competitive infrastructure
- Dynamic logistics network linking sea, air, roads and railway
  * Ports (Gwangyang Port), Airports (Muan, Yeosu, Gwangju, Sacheon)
- Premier urban settlement featuring value-added industry cluster that encompasses processing, assembly and
  manufacturing; port logistics base; and maritime tourism and leisure complex
Incomparable investment incentive in Northeast Asia
- Low living expenses relative to major Northeast Asian port cities
- Great tax incentives
- Central and local government assistance on business, employment, labor relations and public affairs
Business-friendly corporate and living environment
- Support for housing, education, and medical service for foreign investors
- Simultaneous offering of tax benefits in free economic zones and free trade zones
- Promote 2012 Yeosu World Expo and growth of the southern coastal tourism belt
GFEZ - growing together with global companies
Advance as the center of global business on the strength of manufacturing plants of global companies such as
Posco Gwangyang Steelworks, the world leader in crude steel production capacity, located in six industrial
complexes including Yeosu National Industrial Complex (petrochemicals)

Development Plan

Development Plan Phase 1 (Development)

- Set up functions to develop as the heart of global logistics including transportation
- Secure site for cutting-edge industries and SMEs
- Attract facilities to create a foreigner-friendly living environment

Phase 2 (Growth)

- In accordance with progress made in the first phase of Gwangyang Port hinterland project,
  offer land to logistics and service firms in the second stage of the project
- Offer land to attract related industries and logistics companies

Phase 3 (Completion)

- Complete development of international city featuring industrial, residential and logistics complex
  and education, R&D and port facilities