It is planned to establish IDZ which mainly includes processing-on-commission, production of chemical products, building materials and manufacturing of machine equipment.

Development Mode:

Joint Development by relevant Korean enterprise and foreign investor in form of JV

Term of Land Lease: Less than 50 years

Total Investment: About US$ 100 million

Location: A part of the Tokpung Dong area along the coast of Hamhung City which is situated on the border of Hamju County in the lower part of Songchon River which flows into Hamhung Bay, Central East Coast, South Hamgyong Province. (longitude: 127 ゜33´East, latitude: 39゜ 50´North)

Condition of Infrastructure: It is easier for output and input of foreign labor and materials. For the energy supply for the IDZ, it has a big Jangjin Power Plant, Hochon Power Plant and Pujon Power Plant. Since Hamhung City is the capital city of the province, it has no big problem to set up communication network and Sonchon River is a great source to supply water.  Majon Beach and Majon Hotel, famous tourist resorts are located near, providing favorable business environments to the investors.

Project Plan: This area is near to Hungnam Seaport and has been a Korean main Chemicals Industry & large-scale machine manufacturing zone for a long time. These special characteristics of the zone will be efficiently utilized during the construction of the IDZ which mainly includes processing-on-commission, chemicals production, catalyst production, machine equipment manufacturing, building materials and medicine production.

Manufactured products will be exported or catered to abroad and into domestic region according to requests and needs. Large-scale factories and enterprises such as Ryongsong Machine Complex, 2.8 Vinalon Complex, Hamhung Woods Processing Factory and Hamhung Silicate Brick Factory which are all located around the IDZ could produce and supply necessary equipment, resources and bonded products.

If a try-out IDZ construction gets successful, it will be expanded further to Hamju Area.