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Gwangyang Bay Area Free Economic Zone Authority

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GFEZ, an ideal investment in NE Asia

Gwangyang Bay Area Free Economic Zone offering great investment opportunities
If you are looking for an ideal investment, GFEZ is the answer.

Gyeong-do Marine Tourism Complex Project Promotion Status

project overview
  • LocationSwath of Daegyeong-do, Gyeongho-dong, Yeosu-si
  • Project scale2.15 ㎢ (650,000 pyeong)
  • Project expenses1.5 trillion won (100% private investment)
  • ImplementerYK Development Co., Ltd.
  • Investment planAccommodation facilities such as hotels, condos, water parks, commercial facilities, etc.

Progress so far

  • 2017. 1. 9.

    nvestment agreement eonnam-do, Gwangyang Agency, Yeosu-si, Mirae Asset, Jeonnam Development Corp.

  • 2017.11.22.

    Announcement of the Free Economic Zone Incorporation Development PlanMinistry of Industry

  • 2018.10. ~ 2019.12.

    Master plan establishmentUNSTUDIO, the Netherlands

  • 2020. 2.13.

    Change of development planproject implementer / development work → YKD

  • 2020. 4.29.

    Completed the purchase of the Gyeong-do Marine Tourism Complex siteYKD

  • 2020. 7.16.

    Held a groundbreaking ceremony for Gyeong-do Marine Tourism Complex

  • 2020. 6.11.

    Change of development planreflecting the finalization of the master plan

  • 2020. 12.

    Starting of construction of marine water-friendly space

Future Plans

Future Plan’22. first half Started construction of Gyeongho Elementary School and accommodation facilities
Future Plan’22. first half Began to secure licenses and permits related to the installation of tourist facilities such as water park, etc.

Land use plan

Land use plan

Aerial View

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Water-friendly space.
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Gyeongho Elementary School
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Commercial facilities-1,3
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Golf villa condo
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Tower-type residence
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Sunrise waterfront
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Songdo and Nodo Villa Condo
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Sunrise Condo