DGFEZ(Daegu-Gyeongbuk) - Area Information - Korean Free Economic Zones

Daegu-Gyeongbuk Free Economic Zone

A global hub for new industries leading innovative growth

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Daegu-Gyeongbuk Free Economic Zone

dgfez
A global hub for new industries leading innovative growth

The DGFEZ is armed with Korea’s knowledge-based industry and ideal service infrastructure. It offers development land, R&D facilities, commerce and residential areas with a focus on IT convergence, transport components and medical businesses. It is located in the heart of Korea's largest automotive cluster and a center of IT/SW, healthcare and steel industries. The area also boasts high-quality human resources.

Designation Date2008.5.6
Development period2008 to 2024

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Advantages

Home to Korea’s leading industrial clusters

The DGFEZ is at the heart of “Auto Valley,” connecting automotive electronic parts firms in Gumi, mechatronics in Daegu, complete automobiles in Yeongcheon, Gyeongju and Ulsan, shipbuilding in Busan and machinery and metals in Changwon.
Around Pohang, it houses a steel industry cluster where POSCO, Hyundai Steel and Dongkuk Steel are located.
It will have a 4.6 trillion-won state-supported medical cluster : New Drug Development Center, Medical Device Development Center, Laboratory Animal Center, Clinical Drug Manufacturing Center, Communication Center.
It also has an IT and software industry cluster with bases for Samsung Electronics, and Dassault Systems.

R&D centers supporting new growth industries

The zone has 135 R&D institutions including the Electronics and Telecommunications Research Institute, Korea Institute of Industrial Technology and Korea Institute of Machinery & Materials.
It has two R&D special districts - Daegu Technopolis and Sinseo Medivalley, DGIST and POSTECH.

Rich human resources

There are 52 universities and colleges within the Daegu-Gyeongbuk region and 70,000 annual graduates including 17,000 in natural science and engineering, enter the job market every year.
It has 135 R&D institutions with 4,800 researchers.

Daegu-Gyeongbuk Free Economic Zone Major projects

Daegu Technopolis District

7.26㎢
- LocationHyeonpung and Yuga-eup, Dalseong-gun, Daegu
- Project cost17,233 billion
- Business period2006 ~ 2023
- Planned population50,025
- Establish the inland cutting-edge science belt (special zone for R&D) that connects Daejeon-Gwangju-Daegu by the accumulation of research organizations
- Create a future cutting-edge complex city that combined residence, education, culture, and leisure functions
Daegu International
Fashion District

1.18㎢
- LocationBongmu-dong, Dong-gu, Daegu
- Project cost12,500 billion
- Business period2003 ~ 2016
- Planned population10,439
- Plan a synergy effect for the related industries through the advancement, integration, and the creation of a network for the fashion apparel industry
- Fully equipped with settlement environment, such as rich tourism, leisure, education, medical facilities
Daegu Sinseo Meditech
District

1.05㎢
- LocationSinseo-dong, Dong-gu, Daegu
- Project cost4,038 billion
- Business period2009 ~ 2015
- Planned population2,596
- Develop new drugs and medical devices and create the best condition for clinical tests by establishing facilities such as clinical test new drug production center, cutting-edge medical device development support center, new drug development support center, etc.
Yeongcheon Industry District

1.46㎢
- LocationThe whole area of Guam-ri, Geumho-eup, Chaesin-dong, Bonchon-dong, Yeongcheon-si, Gyeongsangbuk-do
- Project cost2,062 billion
- Business period2008 ~ 2013
- Create Korea’s largest material and component industry cluster
- Commercialize a cutting-edge technology based on various R&D, such as machine metal, automobile, etc.
Daegu Suseong Medical District

0.97㎢
- LocationThe whole area of Daeheung-dong, Suseong-gu, Daegu
- Project cost6,179 billion
- Business period2008 ~ 2019
- Planned population4,648
- Specialized hospitals, organizations related to medical facilities, health tourism facilities
- Cutting-edge IT companies, etc.
Pohang Fusion Tech District

1.48㎢
- LocationDalian and Lee In-ri, Heunghae-eup, Buk-gu, Pohang, Gyeongsangbuk-do
- Project cost3,789 billion
- Business period2008 ~ 2022
- Planned population10,249
- Create an R&D specialized district for bio, parts, materials, green energy, etc.
- Create 3·4th generation light source connecting facility, green new material developing support facility, and business facility
Gyeongsan Knowledge
Industry District

3.83㎢
- LocationSowol-ri, Wachon-myeon, Daehak-ri, Hayang-eup, Gyeongsan-si, Gyeongsangbuk-do
- Project cost9,984 billion
- Business period2012 ~ 2023
- Planned population12,938
- Constructing machine·parts-specialized complex, cutting-edge medical new material development business
- The R&D stopping point for the southeast of Korea and abundant high-quality R&D manpower
Yeongcheon High Tech Park

1.22㎢
- LocationNokjeon-dong and Hwasan-myeon, Yeongcheon-si, Gyeongsangbuk-do
- Project cost2,453 billion
- Business period2008 ~ 2024
- Knowledge-based manufacturing industry specialized district (create a cutting-edge mechatronics industrial district and cutting-edge distribution center for intelligent automobile production)
- The center of Korea’s largest automobile parts valley
- Plan to create a future automobile theme park