The South African Chamber of Commerce in South Korea recently had the pleasure of hosting a parliamentary delegation from South Africa on a mission to explore and study the Free Economic Zones (FEZs) and Special Economic Zones (SEZs) in Korea. The delegation sought to benchmark and learn from Korea’s successful experiences in developing and managing these economic zones.
During their visit, the South African delegation had the opportunity to visit several prominent institutions and organizations involved in Korea’s economic zones. One of the visits included the Incheon Free Economic Zone, a renowned hub for international business and logistics. The delegation also had the chance to explore the Busan Port Authority, a major maritime gateway facilitating trade and investment.
Additionally, the delegation engaged with KOTRA (Korea Trade-Investment Promotion Agency) and Investkorea, organisations dedicated to promoting foreign investment in Korea and supporting businesses in expanding their operations. The visit to DHL Korea, a leading logistics company, provided insights into efficient supply chain management and global trade facilitation.
The South African Chamber of Commerce in South Korea was instrumental in facilitating the visits and fostering a platform for knowledge exchange and collaboration between the two countries. By leveraging the expertise and experience of Korea, South Africa aims to enhance its own economic zones and attract increased investment, ultimately driving economic growth and development.