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Gwangyang Bay Area (GFEZ) | Expansion of Global Network and Investments Expected With WFZO Membership
On June 17, GFEZ (Commissioner Kim Kap-sup) announced that it has become an official member of the World Free Zones Organization (WFZO),
one of the world’s largest free-zone organizations. GFEZ is the fourth free zone in Korea to gain membership, following BJFEZ, DGFEZ,
and IFEZ. The membership was proposed by Pavlodar JSC, a free economic zone of Kazakhstan.
A GFEZ personnel said, “Based on our strengthened ties with fellow members of WFZO, we will lay a foundation for investments in the Gwangyang Bay area,
contributing to regional development by attracting leading international companies.”