Busanjinhae Free Economic Zone Authority Launches Investment Drive for Nammun Foreign Investment Zone with Focus on Remaining Land Utilization

Launching Strategies to Attract Global Manufacturing Companies

The Busanjinhae Free Economic Zone Authority has launched efforts to expand investment attraction, focusing on the Nammun Foreign Investment Zone.

According to the Busanjinhae Free Economic Zone Authority (led by Commissioner Park Sungho), on April 14, it carried out an on-site inspection of the Nammun Foreign Investment Zone located in Jinhae-gu, Changwon City, and is strengthening its strategies for utilizing the remaining land and attracting investment.

The Authority recently checked the operational status of tenant companies and discussed difficulties faced by manufacturing firms as well as ways to improve the investment environment. Measures to enhance the effectiveness of corporate support policies were also reviewed.

Busanjin-Hae Economic Free Zone South Gate Foreigner Investment Area View.

The Nammun Foreign Investment Zone is a manufacturing hub equipped with logistics infrastructure connecting ports, airports, and railways, thanks to its location adjacent to Busan New Port. Developed as a cluster specializing in materials and components, it is strong in facilitating supply chain linkages and synergies between companies.

Currently, companies in the fields of automotive parts, eco-friendly facilities, and 3D printing—including Korea Tsubakimoto Automotive, City Electric, and Dongnam—are operating within the zone. The Authority is supporting their settlement by providing incentives such as tax reductions, rent discounts, and cash grants in accordance with the Foreign Investment Promotion Act.

Additionally, the Authority is working to attract advanced manufacturing and future-oriented industries to the approximately 30,000-square-meter remaining land. Plans are in place to expand tailored investment attraction activities through overseas presentations, one-on-one consultations, and on-site communication.

Commissioner Park Sungho emphasized, "The Nammun Foreign Investment Zone is a key manufacturing hub that combines port and industrial infrastructure," adding, "We will strengthen our investment competitiveness in response to changes in the global supply chain."

This content was produced with the assistance of AI translation services.