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Industrial complex and logistics infrastructure

Foreign Investment Incentives

Tax Reduction
Tax Reduction
Acquisition Tax Property Tax Corporate Tax National Tax
100% for 15 years Pursuant to City·County ordinances
(Ex. Changwon 100% for 15 years)		 Businees relocation from Seoul Capital Area(SCA) to non-SCA areas,
100% for 7 years + 50% for 3 years		 Tariff, excise tax, VAT → Exempt(capital goods, 5 years)
Cash Support
Within 50% of total foreign investment (excluding long-term loans)
Cash Support
Support
Provided		 Land/Building
price or rent		 Construction expenses,
Capital goods		 nfrastructure
installation costs		 Employment & Training
subsidies
Rent Reduction
Rent Reduction
Type Requirements Rent Reduction
Rate Lease period / rent
Individual-type FIZ 100% • Period : 50 years + α (10-year contracts)

• Rent : 1% of the land price (Official land price or development costs, whichever is higher)
Parts and materials complex USD 5 million or higher
Complex-type FIZ usinesses with new growth engine
technologies and USD 1 million or more
Manufacturing, USD 2.5 million and
200 full-time employees or more
Manufacturing, USD 2.5 million and
150-200 full-time employees		 90%
Manufacturing, USD 2.5 million and
70-150 full-time employees		 75%
Manufacturing, USD 5 million or more
Other Incentives
Other Incentives
Type Requirements Incentives
Large-Scale Investment Support Investing more than KRW 100 billion or employing more than 200 full-time employees within 5% of facility investment + site purchase price (up to KRW 20 billion)
(Application)
1. facility investment subsidy -> within 3 months from the construction start date
2. site purchase subsidy --> within 1 year from site purchase date
3. facility investment subsidy + site purchase subsidy -> within 3 months from the construction start date
Support for New Construction and Expansion Investing more than KRW 10 billion in the facilities and employing more than 30 full-time employees within 10% of facility investment (up to KRW 3 billion)
(Application) within 3 months from the construction start date
Interest-Free Loan for Site Purchases Investing KRW 5 ~ 12 billion and employing 20~60 full-time employees 30% to 60 % of site purchase price, up to KRW 10 billion
(Application) within 1year from the site purchase date

Gyeongnam National Aerospace Industrial Complex

Gyeongnam National Aerospace Industrial Complex
  • Location : Jinju city / Sacheon city
  • Expected area: : 1,654,910m2 (Jinju: 834,870m2 / Sacheon: 820,040m2)
  • Project period : 2017 ~ 2024
  • Desired business type : Aerospace, Metal·Mechanic, Bio·Chemical, etc.
To become global top 7 in aerospace industry, we continue to build and develop a strong Aerospace Hub with developing and creating the national strategic business plan in Jinju city and Sacheon city, Gyeongsangnam-do.
Jinju City
< Jinju City > 		Sacheon City
< Sacheon City >

Miryang Nano Convergence National Industrial Complex

Miryang Nano Convergence National Industrial Complex
  • Location : Miryang city
  • Expected area: : 1,655,692m2
  • Project period : 2017 ~ 2023
  • Desired business type : Chemical, non-metal, basic metals, food products, electrical components, etc.
    • Miryang Nanopia is Korea’s first industrial cluster exclusively dedicated to the advancement of Nano Convergence technology. With a network reaching other centers of industries in the Daegu Gyeongsang region, Miryang Nanopia helps industries and businesses discover new sources of future growth in the continued advancement of technology.
Miryang Nano Convergence National Industrial Complex

Busan-Jinhae Free Economiz Zone

Busan-Jinhae Free Economiz Zone
  • Location : Jinhae-gu, Changwon city
  • Expected area: : 500,846m2
  • Project period : 2013. 8. ~ 2040.
  • Desired business type : Global logistics companies, etc.
High-Tech Equipment and Infrastructure: Supersize Distripark! A Global Container Hub Port, Jinhae New Port boasts a water depth of 17~23m and optimal facilities accommodation vessels of 25,000 TEU. 23 berths in operation in 2023 and expand up to 60 berths by 2040. Multinational network with 600 ports in 150 countries across the world. Top major 30 shipping firms and world famous 100 shipping firms in the world. Our goal is container throughput 32 million TEU by 2030 and 42 million TEU by 2040.
Busan-Jinhae Free Economiz Zone

Gwangyang Bay Aera Free Economic Zone: Hadong District

Gwangyang Bay Aera Free Economic Zone: Hadong District
  • Location : Hadong county
  • Expected area: : 5,613,000m2 (Galsa Bay Shipbuilding Industrial Complex) 1,367,000m2 (Daesong Industrial Complex)
  • Project period : 2008 ~ 2023
  • Desired business type
    • Galsa Bay: Valued added shipbuilding equipment, shipyards and offshore plants, etc.
    • Daesong: Transport equipment manufacturing, metal & non-metal manufacturing, food product, etc.
Hadong Free Economic Zone is a specially designated area created to strengthen the national competitiveness of Korea and to promote foreign investment by offering improved business environment to foreign-invested companies in Korea and better living environment for foreigners. It basically offers the optimal environment for enterprises doing international businesses in this global world.
Galsa Bay Shipbuilding Industrial Complex
< Galsa Bay Shipbuilding Industrial Complex > 		Daesong Industrial Complex
< Daesong Industrial Complex >
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