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
reporter
Park Sae-jin
swatchsjp@ajunews.com
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