Busan-Jinhae receives best FEZ rating

The Busan-Jinhae Free Economic Zone has received the best overall rating among three free economic zones in a recent government assessment thanks to its effective links of port infrastructure with manufacturing and logistics industries.

The Free Economic Zone Committee, under the Ministry of Knowledge Economy, last month unveiled the results of its evaluation of three FEZs designated in 2003 -- Busan-Jinhae, Gwangyang and Incheon.

The three other FEZs designated in 2008 -- Yellow Sea, Daegu-North Gyeongsang and Saemangum-Gunsan -- will be assessed later. 

Busan-Jinhae received grade B with 73.3 points out of 100 while Gwangyang and Incheon earned C’s with 69.1 and 64.9.