earticle

영어

In general, various schemes such as free trade zone are being implemented with the purpose of foreign investment attraction, trade promotion through advanced technology, international logistics facilitation, and balanced regional development. The Korean government has been designating and operating 13 free trade zones including 8 free economic zones and 86 foreign-invested areas. But these policies have not been evaluated to be sufficient to the foreign investment and the international competitiveness compared to other countries. This study investigated the role and operational status of the free trade areas to try to diagnose the problem and the need, and so derived some improvement plans for them by the comparative analysis to other domestic similar institutions, for example Free Economic Zone, Foreign Investment Zone and Comprehensive Bonded Zone. Moreover, it respectively presented the drawbacks and improvements of those zones in Korea at the economical, operational and institutional aspects.