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Modularization

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Title
Special Economic Zones
Author
KDI School
Date
2016. 12.
List of Chapters

Summary


Chapter 1

Introduction


Chapter 2

Analysis on the Status of Korean SEZs, Success Factors and Shortcomings

1. Current Status of Korean SEZs

1.1. Categorization of Korean SEZs

1.2. Current Status of Korean SEZs

2. Lessons learned from Korean SEZs

2.1. Success Factors of Korean SEZ Policies

2.2. Drawbacks of Korean SEZ Policies


Chapter 3

Policy Implications (SEZ Operation Manual)

1. Preconditions for Successful SEZ Implementation

1.1. Consistent & Transparent Legal Framework and Strong Central Governmental Support

1.2. Creating Attractive Investment Environment: Making SEZs truly “Special”

1.3. Delicate Planning, Visualization, Execution

1.4. Sustainable Supplement of Worker’s Education and High Quality Manpower Framework

1.5. Continuous Skill Acquisition, Innovate, Industry Upgrade

1.6. Strategic Positioning and Strong Connectivity

1.7. Connectivity to Domestic Companies

1.8. Harmonious Economic and Social Development

1.9. Monitoring, Evaluation and Exit System

2. Policies for Successful SEZ Development

2.1. The Select Procedure for the SEZ

2.2. Installing a SEZ Committee and SEZ Planning Office

2.3. Centrally Integrated Control Mechanism for SEZ Development

2.4. Creating Attractive Business Environments in SEZs

2.5. Deregulation

2.6. The FDI Promotion System

2.7. Financing

2.8. Selective Development and Consistent Evaluation


Chapter 4

Conclusion

Summary

  This report seeks to serve as a handbook by providing a model for the implementation of special economic zones (SEZs) in developing countries hoping to introduce this policy measure as an instrument of economic development. The fundamental framework of the SEZ model will be based on the Korean experience. Specifically, our report utilizes the success of the Masan Export Processing Zone (Masan Free Trade Zone), one of the most successful foreign trade zones designated in the early 1970s, along with various observations collected from SEZ management in the 21st century, to formulate a model for successful SEZ development.

  In this research, Korean SEZ policies are analyzed in detail. The SEZs in Korea are categorized into 8 types: ① Free Trade Zone, ② Free Economic Zone, ③ Foreign Investment Zone, ④ Saemangeum Special Zone, ⑤ Enterprise City, ⑥ R&D Special Zone, ⑦ International Science Business Belt, and ⑧ Special Economic Zone for Regional Development. We examine the Korean experience in regard to SEZs’ status, factors of success with certain SEZ policies, and the drawbacks of SEZ policies.

  In Chapter 3, “Policy Implications (SEZ Operation Manual)” we first describe some challenges related to the development of SEZs that developing countries are mostly facing, and then suggest preconditions for successful SEZ implementation. And finally, major policy implications for successful SEZ development are detailed in our conclusion.

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  • Total 141
List All
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140 Waste Resources Management and Utilization Policies of Korea KDI School 2016. 12. PDF
139 Special Economic Zones KDI School 2016. 12. PDF
138 Korea’s E-Commerce Policy Experiences KDI School 2016. 12. PDF
137 The Development of Korea’s Electronics Industry During Its Formative Years (1966-1979) KDI School 2016. 12. PDF
136 Early Warning System for Financial Crisis Hangyong Lee December, 2015 PDF
135 Korea’s Experience of Introducing the Real-Name Financial System Woochan Kim December, 2015 PDF
134 The Evolution of the Resident Registration System in Korea 2 besides Ji Woong Yoon December, 2015 PDF
133 Informing the Public on Policy Issues and Promoting Economic Literacy 5 besides Joohoon Kim December, 12 PDF
132 South Korea’s Voluntary Unilateral Import Liberalization During the 1st Half of 1980s 1 besides Yoon-Ha Yoo December, 2015 PDF

Copyright

Copyright © 2012 Knowledge Sharing Program. All rights reserved.

Ministry of Strategy and Finance, Government Complex, 477, Galmae-ro, Sejong-si, 339-012, Korea