Daegu–Gyeongbuk Free Economic Zone  The Daegu–Gyeongbuk Free Economic Zone ("DGFEZ") is a Free Economic Zone located in the southeastern part of South Korea. DGFEZ has 8 sites spanning over 20 square kilometers in Daegu Metropolitan City and Gyeongsangbukdo (Gyeongbuk) Province (Pohang, Gyeongsan, and Yeongcheon cities). As of January 2014, DGFEZ is home to 150 organizations attracting over $2 billion in investment ($350 FDI). The Daegu-Gyeongbuk region is home to 5.5 million people and over 13% of the nation’s manufacturers including global conglomerates Samsung, LG, Hyundai and POSCO. DGFEZ focuses on 4 major industries; IT Convergence, High-tech Transportation Components, Green Energy, and Knowledge Services. The development of these districts is scheduled to conclude in 2020. DGFEZA has offices in Daegu and Seoul. The Daegu–Gyeongbuk Free Economic Zone was designated by the Korean central government on May 6, 2008 with the offices of DGFEZ opening its doors on August 13, 2008. The current commissioner of DGFEZ Authority is Byung-Rok Choi. Seongseo Industry District is a high-tech complex for automotive, machinery and IT convergence companies. In January 2011, Seongseo Industry District was re-designated as part of Daegu's Special R&D Zone, and is no longer part of DG-FEZ, though there are still several foreign companies within the complex. In April 2011, Samsung LED and Sumitomo Chemical (from Japan) announced plans to invest 460 billion won (approx. USD425 million) to form a joint venture that will produce LED core materials (Saphire Wafers) in the Seongseo 5 High-Tech Industrial Complex. Stion (U.S.), a manufacturer of CIGS thin film solar PV cell announced plans to invest $320 million within Seongseo District in the spring of 2012. Size: 1.47 km2  Location: Dalseong, Daegu  Gyeongsan R&BD District is a site that is currently under development. Once complete the site will be geared for construction equipment manufacturing and R&D, medical devices manufacturing, working in collaboration with a large cluster of private education institutes in the region. Size: 6.47 km2  Location: Gyeongsan City, Gyeongbuk Province  Easiapolis is a fashion-based district that combines commercial, industrial, and residential.