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Legions Holding Group Signed the Agreement on Yellow Sea Free Economic Zone - Hyeondeok District

2014.01.13

January 13, 2014, Legions Holding Group signed Agreement in Korea with Yellow Sea Free Economic Zone(YESFEZ) on development in Hyeondeok District. The project is located in Hyeondeok, Pyeongtaek-si, Gyeonggi-do, covering 2.32 million M2. This marks the first step of Legions Holding Group to go into the Korean real estate market.

 

The strategic objective for YESFEZ is to develop a knowledge-based innovative economic zone and establish a gateway for export to China. YESFEZ is pursuing a comprehensive development scheme integrating logistics, production, R&D and international business, as well as residential, education, entertainment facilities. YESFEZ also provides various incentives such as financial subsidies and tax exemptions/reductions for foreign investors.

 

In proximity of YESFEZ are Inchon International airport, Pyeongtaek Port, and Dongjin Port. YESFEZ has established a transport system running in all directions with the operation of the West Coast   Expressway (Yellow Sea Highway), Gyeongbu (Seoul-Busan) Expressway (North and South), East-West   Expressway (East and West) and High-speed railroad (KTX). Within a radius of 100km, YESFEZ covers a huge consumption market with about 27.38 million people (54% of the Korean population).

 

 

 

 

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