[Project] Korea - National Industrial Revamp & Export Zone Strategy

[John]

TYPE	Infrastructure
BUILDER	Korea
CLIENT	Korea
SITE LOCATION	Korea
SECTOR	Public Infrastructure
PROJECT NAME	National Industrial Revamp & Export Zone Strategy
PROJECT COST	3,500,000,000.00
COMPLETION DATE	28/07/2026
PROJECT INFORMATION	The National Industrial Revamp & Export Zone Strategy (NIREZS) is a large-scale modernization program targeting outdated, underused, or abandoned industrial facilities in both North and South Korea. The goal is to rebuild Korea's industrial base, unlock massive export capacity, and boost GDP by creating world-class manufacturing corridors tied to global supply chains. The project will create dedicated Export Zones focused on high-demand sectors like electronics, automotive parts, machinery, textiles, and chemicals. Strategic Objectives: Convert idle DPRK-era industrial plants to modern production hubs Focus sectors: textiles, light manufacturing, chemical processing Establish 6 Export Zones across the Peninsula Include bonded logistics areas, R&D centers, customs facilitation Incentives: tax breaks, fast-tracked trade processing Focus on intermediate goods for Chinese, European and Japanese markets Establish national export targets per zone Ensure proximity to logistics hubs (ports, rail, highways) Digitize freight and customs tracking Employ 800,000–1.2M workers (direct & indirect) Provide job training and safety modernization Planned Export Zone Sites: Chongjin Tech & Fabric Zone - Chongjin (North) - Textiles, industrial sewing, uniforms Hamhung Chemical Complex - Hamhung (North) - Fertilizer, industrial chemicals Pyongyang Machine Park - Pyongyang (North) - Machine tools, electronics casing Daejeon Innovation Belt - Daejeon (South) - Electronics, precision parts Incheon Free Export Hub - Incheon (South) - Auto parts, semiconductors Kaesong-KTX Trade Spine - Kaesong (North) - Mixed-use export assembly zone