Korea to establish 'mini' FEZs for foreign investors
By Park Sae-jin
Posted : April 19, 2013, 14:59
Updated : April 19, 2013, 14:59
The decision came in a meeting of the Ministry of Trade, Industry and Energy's committee on foreign investment Wednesday, the ministry said.
The size of "mini" FEZs will be one-fourth of that of the existing FEZs for foreign investors, a ministry official said.
He said the government will provide significant incentives to foreign investors, such as tax exemption, reduction of rents and cash assistance.
The ministry held a roadshow in Daegu Friday for those seeking investment opportunities in Korea. Similar events will be held in other cities, it said.
By Josephine Liu Yan Yee