Special economic zones of the Republic of Korea: the mechanism and features of functioning
East Asia is a dynamically developing region. The favorable geographical position of the Republic of Korea is of strategic importance, since it is adjacent to economically strong countries. Thereby, South Korea has free access to the markets of these countries. The relevance of this scientific article is due to the need of science and practice in studying the Korean experience in using foreign investments, its organizational and innovative forms, one of the most promising among which is the creation and development of free economic zones (FEZ) that contribute to the integration of the national economy into the regional and world economy. This article describes the features of the functioning of special economic zones in the Republic of Korea. The goals and prerequisites for the creation of special economic zones as an instrument of a country's economic policy are considered. The features of state regulation of the functioning of special economic zones in South Korea are described. Also, the history of the creation of Korean specialized economic zones, especially their organizational structure is given. The main types of specialized economic zones on the territory of South Korea are indicated, and examples of existing free economic zones are given. Also, indicators and preferences operating in their territory are given.