Investment News
Development
Vol.09
The IFEZ launches the “Jemulpo Free Economic Zone” Project
🚀 Project Highlights:
The initiative covers free economic zone designation, development plans, landscape assessments, and economic viability studies.
Discussions include strategies like closing port functions, relocating existing industrial facilities, and assessing the preservation of large new logistics facilities.
📅 Timeline: By May 2026, an estimated 6.06 ㎢ will be
transformed into a thriving free economic zone, contributing
to balanced urban development and increased city
competitiveness.
📆 Next Steps: Incheon plans to submit the zone designation application to the Ministry of Trade, Industry, and Energy in the latter half of 2025.
The initiative covers free economic zone designation, development plans, landscape assessments, and economic viability studies.
Discussions include strategies like closing port functions, relocating existing industrial facilities, and assessing the preservation of large new logistics facilities.
📅 Timeline: By May 2026, an estimated 6.06 ㎢ will be
transformed into a thriving free economic zone, contributing
to balanced urban development and increased city
competitiveness.
📆 Next Steps: Incheon plans to submit the zone designation application to the Ministry of Trade, Industry, and Energy in the latter half of 2025.
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Development
The IFEZ launches the “Jemulpo Free Economic Zone” Project