The Korea-US FTA and the Incheon Free Economic Zone (IFEZ) aim at the same goal of 'the improvement of competitiveness through opening up'. As a result, each will help the other. With regard to free trade between Korea and the United States, IFEZ plans to lead the free trade by providing a business and residential environment that lives up to the global standard, including education and medical services. Through the settlement of the Korea-US FTA, Korea has prepared an opportunity for impr... [2007-08-13]

Gwangyang Bay Area Free Economic Zone (GFEZ) has been designated as a free economic zone to be developed as business hub in response to the rapid economic growth of Northeast Asia. GFEZ is a 90 square kilometer land development in one of the most promising areas within South Korea and its purpose is to be developed into leading business, logistics, housing and tourism destination for foreign companies seeking to maximize their international strategic advantages. This free economic zone is divide... [2007-07-16]

  Foreign investors will be able to see that within the next two or three years three bustling international cities will be constructed in Korea's three free economic zones. Such confidence was echoed in an exclusive interview with Mr. Kwon Tae-kyun, the newly inaugurated deputy minister for the Free Economic Zone Planning Office of the Ministry of Finance and Economy (MOFE). In spite of the recent negative reports regarding free economic zones, the deputy minister stressed, "Our free... [2007-06-11]