Gangwon Free Economic Zone
Luxury tourism industry and hydrogen/high-tech materials industry Northeast Asian economic hub
Gangwon
Luxury tourism industry and hydrogen/high-tech materials industry Northeast Asian economic hub
The Gangwon Free Economic Zone (EFEZ) is a special economic zone designed to establish the Gangwon of Gangwon-do as a Pan-East Sea economic hub by promoting global tourism and leisure industries and by developing an international logistics business complex and international city.
- Designation Date2013.2.4
- Development period2013 to 2024
Advantages
Base for tourism and vacation in Northeast Asia
- The area will host the 2018 PyeongChang Winter Olympics.
- It attracted 100 million tourists and generated tourism income of 2.7 trillion won in 2013.
- Thanks to abundant tourism resources, it became the most preferred tourist area in Korea for eight consecutive years.
Logistics hub of Pan-East Sea region
- It is a logistics hub, connecting to Sakaiminato in Japan, Vladivostok in Russia and Dongbei in China.
- The population of the East Sea economic region is estimated to be 306 million.
- Convenient transportation and logistics infrastructure, including roads, railways, airports, and ports
Optimal location for hydrogen energy and advanced materials and components specialized industries
- Designated as a Liquefied Hydrogen Regulation-Free Special Zone (2020)
- Technology development for hydrogen city infrastructure * Korea East-West Power P2G (Power to Gas) R&D Demonstration Complex
- Ideal location for advanced materials industry utilizing abundant non-ferrous metal resources
- Optimal industrial infrastructure such as global anchor companies, R&D facilities, and nearby industrial complexes
Gangwon Free Economic Zone Major projects
-
Bukpyeong high-tech parts
multifunctional industrial
complex
0.147㎢
- LocationGuho-dong, Donghae-si
- Project cost17.6 billion
- Business period2013 ~ 2024
Development plan
- As the stopping point of the cutting-edge parts global anchor company and hydrogen industry, attract the related companies, such as the companies that utilized the demonstration exemption for the special zone of deregulation
-
Mangsang International
Multifunctional Tour City
3.8㎢
- LocationMangsang-dong, Donghae-si
- Project cost8,269 billion
- Business period2013 ~ 2024
- Planned Population23,617
Development plan
- Establish the base including resort complex, characterized universities, foreign educational organizations, residential areas, commercial areas, etc.
-
Okgye high-tech material ·
parts convergence and
integration complex
0.38㎢
- LocationThe whole area of Okgye-myeon, Gangneung-si, Gangwon-do
- Project cost574 billion
- Business period2013 ~ 2024
- Attract the companies related to the cutting-edge materials and components such as special aluminum, etc., and promote the nonferrous metal cluster through the connection with the adjacent R&D organizations
Major resident companies
-
[Korea]Dongbu Metal ferromanganese production
-
[Korea]LS Cable & System submarine cable
-
[Korea]POSCO refining magnesium
Contact point
- Tel033-539-7800
- Investment consultation033-539-7655, 033-539-7665