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Export promotion

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Title Export promotion
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

KIm, DoHoon; Shon, Seung-ho; Kim, Pil-Joon; Rah, Youn-Soo

Publisher

Seoul:Korea Development Institute

Date 2011
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 978-89-8063-581-8; 978-89-8063-573-3(SET 10)
Pages 168
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KDI; KDI School
Supervisor Korea Development Institute
Organizer Ministry of Strategy and Finance; Korea Development Institute
Sponsor Ministry of Strategy and Finance
Project Term 2010-01-01 ~ 2010-12-31

Abstract

Korea undertook a variety of supplementary export promotion measures to build on the successful export promotion policies of 1960s. In this regard, the Korean government established “Free Export Zones (FEZs)” in Masan and Iksan after adopting “the establishment act of Free Export Zones” in 1970 and let foreign firms enter Korea to produce export products in these zones.
FEZs were established on the back of governmental-wide efforts. The Ministry of Construction was in charge of land and infrastructure, while the Ministry of Commerce and Industry was in charge of managing the FEZs. Investors in FEZs were in principle foreign firms. They benefited from tariff exemptions on imported goods to FEZs as well as from tax incentives and low cost of installation, etc. Among the two FEZs, the Masan FEZ has been regarded as having been more successful than the Iksan FEZ. (The rest omitted)

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