• 2. Masan Free Trade Zone

  • About MFTZ

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  • about MFTZ
  • Home>Masan Free Trade Zone Office>About MFTZ
It was aimed to enhance the national and regional economy by attracting the foreign investment, driving exports, creating jobs and offering the technological advances. It offers a superb industrial infrastructure with a well established networks of shipment, thus, many foreign-invested companies have chosen it as their business destination. MFTZ has the most dense population of foreign-invested companies nationwide. The office of MFTZ offers you the speedy administrative support in obtaining governmental permits including the registration of foreign investment, permits of factory construction, approvals of import>export affairs, and tax breaks by one-stop service system. It also offers you the public facility and low rental fees, particularly, thanks to a non-tariff area, it is much more competitive for you in exporting compared to other regions. MFTZ is administered as a Free Export Zone based on the manufacturing and processing industry from year 1970 to the July of year 2000, however, on July 13th, 2000, FEZ (or Free Export Zone) has been reorganized as the Comprehensive Free Trade Zone to guarantee tenant's business activities by providing a various incentives according to the mended laws. Since then, logistics, warehouse, transport>cargo, packing, exhibition, merchandising, data-processing industry etc. not to mention manufacturing are available to be located. The total area of MFTZ covers 953,576㎡, which is divided into three sections, the first, the second, and the third section, and it is an industrial complex administrated by national government. More than 80 companies are in operation in the MFTZ including 100 percent(%) of foreign-invested companies, joint companies invested by foreign and domestic and companies invested by domestic only. The 98 percent(%) of total productions is for exports. To name a few of these well-known companies worldly who manufacture locally are Sony, Tokyo Korea Silicon, TT Korea from Sanyo Group, Casio, Nokia TMC 100 percent(%) invested by Nokia, which produces cellular phone equipment. Hitherto, World Economic Processing Zones Association or WEPZA has chosen us as the success model of promoting the foreign investment policy for the developing countries. With an eye to maximizing Korea's great potential, we are actively pursuing new growth engines, nurturing innovative SMEs, and fostering a 'win-win' growth strategy between large and small companies. From a broader perspective we hope to promote balanced regional development and expand the development of energy resources here and abroad. Another important policy of MOCIE is the promotion of Korea as a great investment destination. Korea-- in the heart of the fastest-growing economic regions in the world, Asia-- is within a four-hour flight to 44 cities with populations of a million or more. In addition, Korea is well regarded for a highly skilled and dedicated workforce as well as the fact that it is one of the most wired, high-tech societies. The Korean government is working constantly to enhance both the business environment and living conditions for investors. We hope this website will provide greater insight into MOCIE activities. To help visitors, we will post regularly updated information on a wide range of MOCIE-related activities. Please check back regularly to keep abreast of the latest happenings at our Ministry.