Hungnam Industrial Development Zone
Hungnam Industrial Development Zone is a Industrial Park located in Hungnam, North Korea, established in 2013, with Ministry of Trade, Industry and Investment (North Korea) / National SEZ Authority listed as its governing authority.
Key Facts
| Type | Industrial Park |
|---|---|
| Location | Hungnam, North Korea |
| Year Established | 2013 |
| Area | 303.5 ha hectares |
| Companies | 78 |
| Governing Authority | Ministry of Trade, Industry and Investment (North Korea) / National SEZ Authority |
| Status | operational |
Recorded Benefits and Incentives
Corporate tax holiday, 0% import duties on machinery and raw materials, 100% foreign ownership, One-Stop Shop licensing, and unrestricted profit repatriation.
Verify eligibility and current terms with the zone authority.
Recorded Sector Focus
Hungnam Industrial Development Zone is listed with a sector focus including Building Materials And Ceramics, Chemicals And Specialty Materials, Machinery And Industrial Equipment, and Bonded Logistics And Warehousing.
About Hungnam Industrial Development Zone
Hungnam Industrial Development Zone is a 371.9-hectare industrial park located in Hungnam Industrial Development Zone (흥남공업개발구), South Hamgyong Province, North Korea, established in 2013 under the regulatory oversight of Ministry of Trade, Industry and Investment (North Korea) / National SEZ Authority. The zone specializes in building materials and ceramics, chemicals and specialty materials, machinery and industrial equipment, providing customs, fiscal, and infrastructure support for domestic and international enterprises.
Frequently Asked Questions
What type of zone is Hungnam Industrial Development Zone?
Hungnam Industrial Development Zone is a Industrial Park.
Where is Hungnam Industrial Development Zone located?
Hungnam Industrial Development Zone is located in Hungnam, North Korea.
When was Hungnam Industrial Development Zone established?
Hungnam Industrial Development Zone was established in 2013.
Which governing authority is listed for Hungnam Industrial Development Zone?
SEZ Explorer records Ministry of Trade, Industry and Investment (North Korea) / National SEZ Authority as the governing authority for Hungnam Industrial Development Zone. Confirm its current jurisdiction and remit with the authority.
Which sectors are listed for Hungnam Industrial Development Zone?
Hungnam Industrial Development Zone is listed with a sector focus including Building Materials And Ceramics, Chemicals And Specialty Materials, Machinery And Industrial Equipment, and Bonded Logistics And Warehousing.
Which benefits and incentives are recorded for Hungnam Industrial Development Zone?
SEZ Explorer's current record lists: Corporate tax holiday, 0% import duties on machinery and raw materials, 100% foreign ownership, One-Stop Shop licensing, and unrestricted profit repatriation. Verify eligibility and current terms with the zone authority.