Ministry of Trade Industry and Resources

A new free economic zone (FEZ) will be designated near Hanyang University’s ERICA Campus in Ansan. The Ministry of Trade, Industry and Energy (MOTIE, Minister JK Kim ) announced that at the 145th Free Economic Zone Committee Meeting held on September 22, 2025, it approved the designation of a new district within the Gyeonggi FEZ and an amendment to the development plan for the Bobae District in the Busan–Jinhae FEZ.

The newly designated Ansan Science Valley (ASV) District (1.66㎢, Sangnok-gu, Ansan) aims to establish a global R&D-based hub for advanced robotics and manufacturing by leveraging the research and industrial capacity of nearby universities, national research institutes, and the Banwol–Sihwa National Industrial Complex. With robust surrounding infrastructure, including an established industry–academia–research ecosystem and residential environment, the district is expected to grow into a center of future global high-tech industries.

The amended development plan for the Bobae District in the Busan–Jinhae FEZ responds to changes in investment and tenant demand, including greater logistics demand at Busan New Port. It adds logistics as an eligible industry category for land designated for industrial facilities, calls for the construction of underground cold-chain logistics facilities, and adjusts land use and road layouts to meet tenant demand. These measures will enable the timely supply of logistics land and support the growth of the complex logistics and transport industry, one of the four strategic industries of the Busan–Jinhae FEZ.

Lee Hyeon-jo, Director-General of the Free Economic Zone Planning Office at MOTIE, stated, “We will work closely with each free economic zone authority to ensure smooth implementation of the newly designated Ansan Science Valley District and the revised Bobae District development plan.”