economic zone Archives | Be Korea-savvy

Korea to Build Large-scale Chinatown

PYEONGTAEK, May 4 (Korea Bizwire) – A new Chinatown will be established in the Yellow Sea Free Economic Zone (YSFEZ), located in Pyeongtaek. Except this time, it’s going to be a lot bigger. The 2,320,000m2 area will turn into a full-scale shopping and tourism mecca. A special purpose company (SPC) named China Castle was established [...]

N. Korea Unveils Plans to Develop Rason Economic Zone

SEOUL, Nov. 18 (Korea Bizwire) - North Korea unveiled detailed plans Wednesday to develop its special economic zone in the border city of Rason aimed at luring foreign investment amid an economic slowdown and a series of U.N. sanctions. The North made public the comprehensive plan in what is seen as part of efforts to turn [...]