DGFEZ meaning in Governmental ?

Answer: What is Daegu–Gyeongbuk Free Economic Zone mean?

The Daegu–Gyeongbuk Free Economic Zone (DGFEZ) is a Free Economic Zone located in the southeastern part of South Korea. DGFEZ has 8 sites spanning over 20 square kilometers in Daegu Metropolitan City and Gyeongsangbukdo (Gyeongbuk) Province (Pohang, Gyeongsan, and Yeongcheon cities). As of January 2014, DGFEZ is home to 150 organizations attracting over $2 billion in investment ($350 FDI).

The Daegu-Gyeongbuk region is home to 5.5 million people and over 13% of the nation’s manufacturers including global conglomerates Samsung, LG, Hyundai and POSCO. DGFEZ focuses on 4 major industries; IT Convergence, High-tech Transportation Components, Green Energy, and Knowledge Services. The development of these districts is scheduled to conclude in 2020. DGFEZA has offices in Daegu and Seoul.

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