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5 districts in Gwangju on their way to be designated as a Free Economic Zone.

광주 경제자유구역 지정 심사 임박…20일 현장실사


The Ministry of Trade, Industry and Energy (MOTIE) will evaluate a Free Economic Zone proposal this Wednesday submitted by the City of Gwangju.

 

Officials are planning to investigate the proposed site and proceed with Q&As with City officials.

 

In its plans, Gwangju wishes to designate 5 districts which includes the Bitgreen Future Vehicle Industrial Complex, Energy Valleys1st and 2nd Complex, and more and if the City successfully appoints the districts as a Free Economic Zone, it will be the first time in the region. The zone will offer benefits on tax reduction, deregulation and more.

 

It is also known to be Gwangju Mayor Lee Yong Sups (이용섭) 7th term goal.


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