La Chambre

FKCCI welcomes YESFEZ Commissioner

On April 12, the FKCCI was honored to welcome Mr. Hwang Seong Tae, Commissioner of the Free Economic Zone YESFEZ. It was the occasion to talk about the development of the zone and about the opportunities this area may represent for French companies. The YESFEZ is close to Pyeongtaek port, a Northeast Asian logistics hub, which is directly connected to major ports in China. The area is being developed as a forward base for exports to China and a knowledge-creating special zone. It has an advanced technology-based industrial cluster that is home to 3,350 global companies and automobile-related firms.
Foreign resident companies are provided with 100% exemption of corporate tax and income tax for up to seven years, according to the YESFEZ Authority.
The authority said it was so much more than 25 companies and over $ 2 billion for the special economic zone and is ramping up efforts to further draw foreign investment.