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STATUS OF DESIGNATION


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The Yellow Sea Free Economic Zone (YESFEZ) is a 4,392,353㎡ (473,309,76 sq ft) area organized with the core goals of developing not only as a special economic zone that creates knowledge based industries but also as an advanced base of trade with China.

Two districts located in Pyeongtaek City of Gyeonggi-do – Poseung District and Hyeondeok District – will be developed for high-tech industry and international logistics by 2020 according to Article No.4 regarding the designation, structuring, and approval of Free Economic Zones.

YESFEZ undertakes overall development functions such as logistics & production, R&D, international business, residential housing, education, and entertainment based on world-leading clusters in the region. Also, it ensures free and broader business activities for resident companies and foreign investors by providing them with diverse incentives including administrative support and tax holidays.

Status Of Designation

Pyeongtaek
Poseung District

Project Outline
Location : Poseung-eup Pyeongtaek City
Area : 2,073 thousand m2
Budget : KRW 800 billion (Approximately USD 695 million)
Business Sector : Automotive component complex, value-added logistics, machinery, electronics, chemical, and more
Future Population : 3,168 persons (1,173 households)
Future Plan
Site preparation – Completion in 2019 (t.b.d.)
Factory construction & operation – 2019 (t.b.d.)

Land Use Plan
Land use plan Table
Category Area(㎡) Ratio(%)
Total 2,073 100
Residential 77 3.7
Commerce 20 1
Industry 792 38.1
Logistics 589 28.4
Public 513 24.8
Others 83 4
Land Use Plan Chart
Land Use Plan Chart


Pyeongtaek
Hyeondeok District

Project Outline
Name : Yellow Sea Free Economic Zone Pyeongtaek Poseung District
Location : Hyeondeok-myeon, Pyeongtaek City
Area : 2,320 thousand m2
Budget : KRW 750 billion (Approximately USD 652 million)
Business Sector : Distribution, logistics, outlets, hotels, residential, housing, and more
Future Population : 29,943 persons (11,976 households)
Future Plan
Site Preparation – Commencement in 2nd half of 2016
– Completion in 2018 (t.b.d.)

Land Use Plan
Land use plan Table
Category Area(㎡) Ratio(%)
Total 2,320 100
Housing Construction 511 22.04
Distribution & Logistics 662 28.53
Commercial Business 176 7.6
Medical Tourism 118 5.1
Public Facility 771 33.25
Others 82 3.48
Land Use Plan Chart
Land Use Plan Chart

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