free trade zone Archives | Be Korea-savvy

S. Korea Expands Free Trade Zones to Promote Exports amid Virus Pandemic

SEOUL, April 6 (Korea Bizwire) — South Korea said Monday it will expand the size of its free-trade zones to provide more leeway to businesses in line with efforts to boost slowing exports amid the global virus pandemic. Under the plan, the size of the free trade zone of Incheon International Airport, the main gateway [...]

Gov’t to Eliminate Regulations Related to Free Economic & Trade Zones

SEOUL, May 20 (Korea Bizwire) – As part of the government’s regulatory reform drive, the permission procedure for construction development projects will be drastically simplified. In addition, it would abolish the approval requirements for companies to move in to free economic zones and free trade zones. The Ministry of Trade, Industry, and Energy held on May 18 [...]