Gwangyang Bay Area Free Economic Zone

21st Century Logistics Hub

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Gwangyang Bay Area Free Economic Zone


21st Century Logistics Hub

The Gwangyang Bay Area is located on the Pacific Ocean’s main sea route. Based on this geographical advantage, the area provides business-friendly infrastructure with plentiful supplies of water and electricity. Centering on five districts themed on logistics, manufacturing, housing, tourism and other functions, the GFEZ aims to become an international trade city where new industries and cultural tourism harmonize.

  • Designation Date2003.10.30
  • Development period2004 to 2020

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Advantages

Best shipping logistics base in Northeast Asia
  • The Gwangyang Bay Area is located on the world’s largest China-North America sea route, as well as on the main sea routes of Northeast Asia and the Pacific Ocean.
  • The zone has the closest port in Korea to major ports in Northeast Asia, such as Shanghai, Hong Kong, Osaka and Kaohsiung, making it an ideal location for shipping transport.
  • The sea has a maximum depth of 41 meters, allowing the entry and departure of mega vessels weighing more than 300,000 tons.
  • The zone is positioned to be the starting point for overland transport between Northeast Asia and Europe, and between Northeast Asia and Central Asia when connected to the Trans-Siberian Railway, Trans-Manchurian Railway and Trans-China Railway.
Excellent industrial infrastructure
  • The GFEZ has an internationally advantageous port handling 284 million tons of cargo a year as of 2016.
  • It is equipped with stable industrial infrastructure on a large scale of industrial land.
  • The zone is adjacent to POSCO’s Gwangyang Steel Mill and the Yeosu National Industrial District.
  • It nurtures 8,000 high-quality workers a year through 38 educational institutions nearby.
  • The GFEZ provides favorable living conditions with cyclic ecology passages and golf courses.
Gateway to Northeast Asia via ports, airports, roads and railways
  • Four airports in Yeosu, Sacheon, Gwangju and Muan are within 1 hour of the zone.
  • Metropolitan areas are reachable within 3 hours via five highways, eight roads and 18 local roads.
  • via KTX, Seoul is reachable within 2 1/2 hours.
Comfortable living environment
  • The area will provide international education through foreign schools. In March 2018, it aims to open an international campus of the U.K.’s Aberdeen University.
  • It has 634 general and smaller hospitals with more than 7,000 beds for comfortable medical services.
  • It has abundant tourism and cultural resources, including Yeosu Expo Ocean Park, Suncheon Bay Garden, nine national and provincial parks and 270 national treasures and cultural heritage sites.

Gwangyang Bay Area Free Economic Zone Major projects

  • Gwangyang District

    Detail view

    12.88㎢

    • LocationGoljak-dong, Gwangyang-si, Jeollanam-do
    • Project cost67,095 billion
    • Business period1987 ~ 2026
    • Create a northeast Asian hub centered on Gwangyang Harbor
    • Create an international hub for northeast Asia’s added value freights
  • Yulchon Distric

    Detail view

    18.03㎢

    • LocationYulchon-myeon, Yeosu-si, Jeollanam-do, etc.
    • Project cost27,502 billion
    • Business period1994 ~ 2030
    • Create a production hub by attracting the related industries, such as steel, machine, new renewable energy
    • Create an industrial land that connects with Yeosu Airport and Yulchon Harbor sites
  • Shindeok District

    Detail view

    7.87㎢

    • LocationHaeryong-myeon, Suncheon-si, Jeollanam-do, Gwangyang-eup, Gwangyang-si, Jeollanam-do
    • Project cost17,011 billion
    • Business period2003 ~ 2027
    • Planned population44,688
    • Develop a background support city through the development of large scale residence, commercial, and business districts
    • Create an eco-friendly downtown area to create a pleasant settlement environment
  • Hadong District

    Detail view

    9.70㎢

    • LocationGeumnam-myeon, Geumseong-myeon, Hadong-gun, Gyeongsangnam-do
    • Project cost23,544 billion
    • Business period2004 ~ 2022
    • Planned population 25,520
    • Establish a global offshore plant cluster through the attraction of offshore plant industry and research organizations
    • Create a self-mocking production city through the development of leisure and background support
  • Hwayang District

    Detail view

    8.97㎢

    • LocationHwayang-myeon, Yeosu-si, Jeollanam-do
    • Project cost14,159 billion
    • Business period2003 ~ 2024
    • Planned population 57,964
    • Promote as the hub for the southern coast tourism belt
    • Create a tourist resort complex that can be used all seasons
  • Gyeongdo District

    Detail view

    2.15㎢

    • LocationGyeongho-dong, Yeosu-si, Jeollanam-do
    • Project cost15,000 billion
    • Business period2017 ~ 2029
    • Develop Korea’s one and only ‘island marine tourism district’
    • Create a stay-type tourism district where both healing and leports activities are available

Major resident companies

  • POSCO

    [Korea] POSCO Steel
  • CJ Korea Express Corp.

    [Korea] CJ Korea Express Corp. logistics and distribution
  • Hyundai Steel

    [Korea] Hyundai Steel Steel
  • GS Caltex

    [Korea] GS Caltex Energy
  • Kumho Mitsui Chemical

    [Korea/Japan]Kumho Mitsui Chemical Petrochemicals

Contact point

  • Tel061-760-5114
  • Investment consultation061-760-5561
Online Investment Consultations

Songdo International City

Yeongjong Area

Cheongna International City

New Port Area

Myeongji Area

Ungdong Area

Jisa Area

Dudong Area

Gwangyang District

Yulchon District

Sindeok District

Hadong District

Hwayang District

Gyungdo District

Pyeongtaek Area - Poseung District

Hyeondeok

Siheung-Baegot

Daegu Technopolis District

International Fashion District

Sinseo Meditech District

Yeongcheon Industry District

Suseong Medical District

Pohang Fusion Tech District

Gyeongsan Knowledge Industry District

Yeongcheon High-tech Park

Bukpyeong high-tech parts multifunctional industrial complex

Mangsang International Multifunctional Tour City

Okgye high-tech material · parts convergence and integration complex

Osong Biovalley

Cheongju Aeropolis

Smart Energy Industrial ZoneⅠ

Smart Energy Industrial ZoneⅡ

AI Convergence District

Future Automotive Industry District

Hydrogen Industry Base District

Electrogen Auto Valley

R&D Business Valley