Development plan

Development plan

최종 수정일 : 2026-07-20 16:46

FEZ Designation Procedure

  • Establishment of FEZ Development Plan (Province/City)

    * Conducted through local government research
  • Preliminary Consultation (Ministry of Trade, Industry and Resources)

    * Participation of 3–5 advisory committee members
  • Application for FEZ Designation

    (Province/City → Ministry of Trade, Industry and Resources)
  • Review of Application (Ministry of Trade, Industry and Resources)

    * Participation of 3–5 designated advisory committee members
    • Implementation of preliminary procedures (1Public opinion hearing 2Consultation with Ministry of Land, Infrastructure and Transport if industrial complex included 3Real estate stabilization measures)
    • Whether designation purpose and requirements are met
    • Whether required items are included in the development plan
    • Whether subject to preliminary feasibility study
    • Completion of local government-mandated procedures related to environment, transportation, disaster, landscape, etc.
    • Consultation with relevant agencies regarding lot acquisition (farmland conversion, greenbelt release, lot reclamation, cultural heritage excavation, etc.)
    • Handling of civil complaints
    • Reflection of matters requested by the Minister during prior consultations
  • Report to Free Economic Zone Committee (Ministry of Trade, Industry and Resources)

    • Ministry of Trade, Industry and Resources

      Consultation with relevant authorities (Ministry of Trade, Industry and Resources)

    • Ministry of Trade, Industry and Resources

      Evaluation by Designated Assessment Group (Ministry of Trade, Industry and Resources)

      * Document review → Site inspection → Comprehensive review → Objection process

  • Deliberation and resolution by Free Economic Zone Committee

  • Finalization of development plan & official announcement (Ministry of Trade, Industry and Resources)

  • Designation of project operator (Province/City)

  • Approval of implementation plan (Province/City)

    * Within 2 years after designation
  • Start of construction (project operator)

    * Within 1 year after implementation plan approval