[ Korean Free Economic Zone ] BJFEZ (Busan-Jinhae Free Economic Zone)

FEZ, Free Economic Zone(www.fez.go.kr), is a specific area dedicated to providing the best environment for business and living to attract leading multinational companies and business to make Korea the business hub for Northeast Asia.
In this regard, the Korean government has designed six areas across the country as the Free Economic Zones.
The BJFEZ(eng.bjfez.net/) covers 83.1㎢ with a population of 243,000 by 2020. This zone is divided into 5 areas and 21 districts - New Port, International Business Town (Myeongji), High-tech & Manufacturing Area(Jisa), Mechatronics, Education & Research Area (Dudong) and Tourism & Leisure Area (Ungdong) -- which will be developed in three stages by the year 2020.