About FTZ > Enterprise online

BACKGROUND: Create a favorable environment for foreign investments to respond to the changing global economic environment; Build a stronghold to advance into the Yellow Sea markets; Revitalize the economy of Jeollabukdo and promote balanced national development

PROGRESS

The present condition
Location	Inside the Gunjang National Industrial Complex in Gunsan-si, Area :1,256,000㎡
Duration	Oct. 2000 ~ Oct. 2005
Total working expenses	188.4 billion won(land : 115.0billion won, Facilities : 73.4billion won)
Operation	Leasing land or buildings for free or at a low price after government purchase (Ministry of Knowledge Economy)
Main Features	An international deregulated area that promotes global standards like free marketing and sales activities An area where manufacturing, logistics/distribution and trade are interactively connected An area where the Ministry of Knowledge Economy (Free Trade Zone Administration Agency) moves in and gives preferential treatment to foreign investments, providing a one-stop service that includes construction permits Emerges as a Mecca of the automotive and machinery industries backed by the Automotive Parts Innovation Center and parts manufacturers in the nearby industrial complex including GM Daewoo and Hyundai Motor Company