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Yellow sea

Yellow sea FEZ

Yellow Sea Free Economic Zone (55km2,~2025)

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Map - Yellow Sea Free Economic Zone
  • Hyangnam District
  • Poseung District
  • Songak District
  • Inju District
  • Jigok District

YESFEZ (Yellow Sea Free Economic Zone)

Vision

Vision of YESFEZ Strategy
1. Knowledge creation FEZ centered on cutting-edge technology
- Differentiate from other global trade and logistics-centered FEZs and develop a knowledge creation FEZ
  (focus on R&D) centered on cutting-edge technology
2. Outpost for trading with China
- Focus on value-added logistics targeting China
3. Network linking Seoul metropolitan area with the rest of Korea
- Unlike existing FEZs that have been developed as a strategic base, YESFEZ will be nurtured as a
  network-type hub that promotes national competitiveness and balanced national development
4. Strong potential to boost foreign investment
- Preferred destination for foreign investment due to attractive location
(situated at the heart of Korea near Seoul metropolitan area), affordable land costs and rich labor pool

Development Plan

Yellow sea FEZ Development Plan
Goal Foster world-class cluster
for cutting-edge technology industries
Build outpost for trading with China
& promote value-added logistics
Basic
Direction

- Combination of production and trade
  + R&D base + cutting-edge industry cluster
  + Knowledge network

- Win-win union of Seoul metropolitan area
  (capital + R&D) and other regions (cutting-
  edge production)

- Functional differentiation with existing FEZs
  and creation of knowledge network

- Strengthened port facilities for efficient handling
  of freight from Seoul metropolitan area and
  central regions : -53% of all shipment to and from
  China is from Seoul and central regions, but they
  are mostly handled at Busan port.etc.

-Value-added logistics hub of Northeast Asia:
  Assembly of imported Chinese parts and cutting-
  edge Korean parts->export to China