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What is DGFEZ
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what is the DGFEZ

Created in 2008, the Daegu-Gyeongbuk Free Economic Zone Authority is a special government agency that offers customized facilities and space (manufacturing, R&D, logistics) for companies operating in the Korea and Asia-Pacific market. DGFEZ also provides financial incentives and relaxed government regulations for global companies.

The Daegu-Gyeongbuk Free Economic Zone has 8 sites located in the heart of 3 major manufacturing and R&D clusters (Transportation·Machine parts, Medical, ICT convergence). Companies are provided with the opportunity to work in a high-quality living and working environment while maximizing synergies with knowledge-based services and manufacturing companies.

DGFEZ map

Why DGFEZ?

Great Access to Korea’s largest Manufacturers

  • : Gumi factory ( 325 million mobile handset manufactured in 2011)
  • : LCD for monitors, notebooks, mobile phones (USD 379 million sales in 2008)
  • : Over 400 automotive suppliers
  • : Production of 35.4 million tons of crude steel in 2010

Excellent Human Resources

Daegu-Gyeongbuk is a region where education has utmost importance. 51 universities and colleges supply 70,000 graduates annually to some of the world’s leading companies. Daegu-Gyeongbuk also benefits from low employee turnover (2.04%) and was awarded the President’s trophy for the labor-management relations in 2008.

  • Universities & Colleges : 51
  • Total Students : 325,000 (5,000 Overseas Students)
  • Medical Students : 17,000
  • Graduates : 70,000 Students/ 17,000 Engineering/ 1,400 Digital Contents
  • R&D Centers : 153

Special R&D Zone

A special R&D zone within DGFEZ was created in 2011 to allow companies and universities greater access to national funding. In addition to R&D space designated for companies, the DGFEZ Special R&D Zone has 5 public research institutes (500,000m2) that are equipped for research in: automotives, machinery, IT convergence technology, and green energy.

A great place to visit… An incredible place to live

Boasting the world’s fastest internet, world class shopping malls, and luxurious hotels, Daegu Gyeongbuk is as modern as anywhere in world. Local residents and tourists enjoy the beautiful hiking trails and beaches or take in culture by touring Korea’s ancient capital city (Gyeongju), and Korea’s birthplace of Confucianism (Andong).