The Ministry of Trade, Industry and Energy (MOTIE) held “K-FEZ DAY in Singapore” on October 29 in Marina Bay Sands, Singapore, to promote Korea’s free economic zones (K-FEZs). The event was attended by approximately 90 persons from Singaporean companies, venture capital firms, and financial institutions. A group composed of authorities from the Gyeonggi, Gwangyang Bay Area, Busan-Jinhae, Ulsan, and Incheon FEZs led the local K-FEZ promotion, taking advantage of their first opportunity to promote K-FEZs to Singaporean investors.


A prominent investor through the Government of Singapore Investment Corporation (GIC) and Temasek, Singapore recently invested in Korean firms such as Kakao Entertainment and Celltrion. The Southeast Asian country’s accumulated investment in Korea amounts to USD 33 billion.


Following an overview on K-FEZs, each of the K-FEZ Authorities presented their respective economic zone’s local strengths and held one-on-one consultations with Singaporean investors. In addition to Korea’s existing investors, those from 50 major investor companies including Enterprise Singapore (ESG), Temasek, and GIC’s PE also took part in the consultations.