Daegu-Gyeongbuk Free Economic Zone Authority

DGFEZ Achieved the Best Rank in the Evaluation of 7 FEZ Nationwide

2019-08-05 00:00:00

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In the government’s “Free Economic Zone Performance Evaluation,” the Daegu-Gyeongbuk Free Economic Zone Authority (Commissioner Inseon Lee) achieved the top rank of S rating for the first time since the evaluation was conducted.
The Free Economic Zone Performance Evaluation, which was first introduced in 2010, is being annually conducted on all free economic zones nationwide by the Ministry of Trade, Industry and Energy and it evaluates the overall performance of the free economic zones in the previous year.
The evaluation committee consisting of 16 private experts conducts the evaluation in the order of written review, on-site inspection and main evaluation during February to June, 2019, and the contents is composed of 14 items in 2 areas, including organization operation, leadership of the head, development business and investment attraction strategy, investment attraction of foreign and domestic companies, and the number of jobs of resident companies.
In this evaluation, DGFEZ was ranked in the top grade by acquiring the S ratings in 9 items, including development strategy, leadership of the head and development business strategy, which evaluate the organization’s vision and core values.
Commissioner Inseon Lee of DGFEZ said, “The continued promotion of comprehensive support policies that meet the needs of the company such as preemptively establishing mid- and long-term development strategies that include innovative growth strategies to lead the 4^th industrial revolution in accordance with the Ministry of Trade, Industry and Energy’s Second Basic Plan for Free Economic Zones, and generating joint ventures through export consultations and investment briefings to support resident companies seem to have been ideal factors.”
“We will not settle for this evaluation result but we will promote on-site management including the cultivation of zone-specific industry, the acceleration of zone development that reflects the companies’ demand and the upgrading of support policies for resident companies to foster DGFEZ as a global innovation growth hub where global anchor companies and research/investment agencies come together.

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