경제자유구역 리플렛 (영문)
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Transcript of 경제자유구역 리플렛 (영문)
IFEZThe economic frontline of the
Pan-Yellow Sea region and global business frontier!
Homepage : http://www.ifez.go.krTel : 032-453-7314
Contacts
The economic frontline of the Pan-Yellow Sea region and global business frontier! Incheon Free Economic Zone (IFEZ), the business hub of Northeast Asia, is home to Incheon International Airport, which was ranked first in airport service quality by the Airports Council for 11 consecutive years and Incheon Port, which has the most optimum conditions for handling large-sized freight, and is the best place for global business designed as an eco-smart city for cutting-edge knowledge-based service industry and state-of-the-art convergence industry.
Incheon Free Economic Zone
Advantages
Area 123.9㎢
Anticipated population 536,000
Development period 2003 to 2020
Global business frontier city- IFEZ, the global economic platform for the establishment of the Pan-Yellow
Sea economic region.- IFEZ, the hub of service industries that link global education, R&D, MICE
and tourism, finance and knowledge services, marine leisure, cultural and art content, and advanced logistics.
- IFEZ, the hub of the convergence industry focused on the bio medical industry, convergence of state-of-the-art technologies and cutting-edge automobile industry.
- IFEZ, a "smart city" enabled with U-City, specialization of environmentally-friendly landscapes, is a low-carbon and energy-saving city.
Global business city chosen by international organizations and leading companies- Thirteen international organizations including the Green Climate Fund, World
Bank and A-WEB. (Association of World Election Bodies)- Most attractive city for entering the markets of East Asia that has already
attracted 80 global enterprises of 16 nations, including Samsung BioLogics, Celltrion, Boeing, BMW and GM.
Center of logistics and transportation- Incheon International Airport, a Northeast Asian hub, was ranked first in airport
service quality by the Airports Council for 10 straight years.- Incheon is a state-of-the-art port that can handle 12,000 TEU mega cargo
ships.- The transportation network connects Incheon to Seoul and the metropolitan
area within one hour.
Best living environment for quality life- A global education environment is ensured with high-quality education
services including top universities like the State University of New York, George Mason University, the University of Utah and Belgium’s Ghent University.
- Smart city environment equipped with ubiquitous system.- Low-carbon, energy-saving city specialized with environmentally-friendly
landscape.
Major resident companies●Huneed Technologies, a U.S. aerospace industry R&D center and manufacturing facilities●TOK Advanced Materials, a Japan research center and manufacturing facility for electronic materials used in semiconductors and LCDs ●Schenker Korea, a German airport logistics complex ●AMB Incheon Logistics Facility, a U.S. & Singapore Logistics center ●Celltrion Inc. : U.S._Biopharmaceuticals manufacturing and research●GM Korea : U.S._CTT and R&D●Amkor Technology Korea : U.S._Manufacturing facilities and R&D center for next-generation semiconductor packaging●CJ Systems : Korea_Global R&D Center●Siemens Germany: USN semiconductor
175, Art center-daero, Yeonsu-gu, Incheon, Korea(Songdo-dong)
●Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 yearsFirst 3 years :
100% exemption,The following 2 years : 50%
reduction
First 5 years : 100% exemption,
The following 2 years : 50% reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Coversfactoryandresearchfacilityconstructioncosts
Educational training,
employment subsidies
·Subsidieswillbeupto500,000wonperperson,formaximumof6months.Thetotalmaximumofsubsidieswillbe500millionwonpercompany
Relief from control on labor affairs
·Notobligedtofillvacantjobpositionswithpersonsofnationalmerit,thedisabled,ortheelderly
·Unpaidleave,includingunpaidmenstrualleave,ispermitted
·Mayexpandthetypeofworkandtermsofdispatchedworkerassignments
Improvements of living conditions
for foreigners
·Foreigneducationalinstitutionscanbeestablishedandoperated
·Openingandoperatingforeignmedicalinstitutionsorforeigner-onlypharmacieswillbepermitted
·Openingforeigner-onlycasinoswillbeallowedforforeigninvestorsthatinvestmorethan$500millionRe-transmissionofforeignbroadcastingchannelswillbeallowedthroughlocalcablenetworks
·Freeforeigncurrencyexchangeisalloweduptoalimitof$20,000indirectpayment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)●Acquisition tax : 100% tax exemption for up to 15 years in accordance with local ordinances● Property tax : Tax reductions for up to 15 years in accordance with local ordinances
● Lease fees for government or publicly owned land will be reduced by 50 percent, 75 percent or 100 percent, depending on eligibility of companies.●Government or publicly owned land can be leased for up to 50 years.●Government or publicly owned land can be used for a private contract, profits, loans, or sales●Cost for establishing an infrastructure will be supported 50 percent or 100 percent
The IFEZ is being developed in three districts - Songdo, Yeongjong and Cheongna
SongdoGlobal base for high-tech knowledge service
- Area : 53.4㎢- Location : Songdo-dong, Yeonsu, Incheon- Project cost : 21trillion and 544.2 billion won- Development plan : International business, IT, BT, R&D - Major facilities : international business district, knowledge and information industrial complex, Incheon global campus, logistics hub, high-tech industrial complex
IFEZ will become the center of International Organizations in AsiaThe Secretariat of the Green Climate Fund (GCF), the “World Bank of the Environment”, and the World Bank, the largest international financial organizations, both settled in IFEZ.Other international organizations and United Nations organizations, such as the Association of World Election Bodies (A-WEB), an association of 150 election management bodies in the world, established under the lead of Korea, are striving to achieve greater value in IFEZ.
YeongjongTourism and leisure city with Incheon International Airport nearby
- Area : 61.7㎢ - Location : Yeongjong, Yongyu-dong, Jung-gu, Incheon- Project cost : 19 trillion and 710.6 billion won- Development plan : Aviation, logistics, leisure, tourism- Major facilities : Incheon International Airport, Midan City Integrated Resort, BMW Driving Center, Wangsan Marina
CheongnaNew business town where industrial and residential areas coexist
- Area : 17.8㎢ - Location : Around Gyeongseo-dong, Yeonhui-dong, Wonchang- dong, Seo-gu, Incheon- Project cost : 6 trillion and 707.1 billion won- Development plan : Finance, leisure, tourism, high-tech industry- Major facilities : Hana Financial Town, Shinsegae Integrated Shopping Mall, Robot Land, Incheon High Tech Park, City Tower
Major Achievements of IFEZ in the Past 13 Years
People253,465
People4,281
Park144 School
88Hotel14
Foreign-investedcompany
80
Residentcompany1,737
Project expenses for Foreign investment attraction73 billion dollars
25,778415 0 03 317
2016. 06
2016year2003year
International Organizations- GCF Green Climate Fund- A-WEB Association of World Election Bodies- WB The World Bank- Songdo Library of International- Organizations UN Depository Library- AFOB Asian Federation of Biotechnology- NEASPEC Secretariat of the North-East Asian Subregional Programme for Environmental Cooperation
UN Organizations- UN ESCAP UN Economic and Social Commission for Asia and the Pacific- UN-APCICT UN Asian and Pacific Training Centre for Information and Communication Technology for Development- UN ISDR (ONEA) UN Office for Disaster Risk Reduction Northeast Office- UN ISDR (GETI) UN Office for Disaster Risk Reduction International Disaster Training- UN CITRAL UN Commission on International Trade Law- EAAFP East Asian-Australasian Flyway Partnership- UNOSD UN Office for Sustainable Development
InternationalOrganizations Hub
BJFEZInternationally Competitive
Logistics Hub
Homepage : http://www.bjfez.go.krTel : 051-979-5000 / 055-320-5000Investment consultations : Busan 051-979-5171Gyeongnam 055-320-5231
Contacts
Advantages Busan-JinhaeFree Economic Zone The Busan New Port is Korea’s largest logistics hub, connected to major ports in Japan, China and Russia, handling the world’s sixth-largest cargo volume. Busan and Jinhae are also top summer vacation destinations and have hosted prestigious international events. This center of global business has an industrial cluster for shipbuilding, car-making and machinery, as well as being a center for tourism and leisure.
International logistic hub- Busan connects major feeder ports including 63 in Japan, 40 in China and 6
in Russia, handling transshipment for imports and exports.- It has Busan-Gimhae International Airport, which won the Top Asian Airport
Efficiency Excellence Award in 2014, offering a logistical advantage.- The New Port will have a total of 45 container berths with the capacity to
handle more than 22 million TEUs.
Globally competitive industrial infrastructure- Approximately 90 percent of Korea’s shipbuilding companies are located in
the Busan area. They include Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX.
- More than 50 percent of Korean automobiles are manufactured in Busan. The automakers in Busan include Hyundai Motors, GM Korea and Renault Samsung Motors.
- Around 40 percent of Korea’s machinery and mechatronics companies are located in Busan. Eighty percent of the local aviation parts supply is produced here.
Huge pool of the best human resources- World-class education institutes including Germany’s FAU. (Graduate program)- Massive market and high-quality labor available from the nearby consumer
market of 8 million.
Vacation destination with rich culture, history and natural environment- Large-scale tourism and leisure complex composed of a golf course, hotels,
resorts and an amusement park.
Center of global business- Establishment of legal district.- Attracted foreign schools, medical centers and research centers.- Construction of shopping complex.
Major resident companies●Wilo Pump : Germany_manufacturing pumps and systems for building services and industrial applications●Tsubakiauto Automotive Korea Co. : Japan_manufacturing automobile's engine parts●Hoganas Korea Production: Sweden-manufacturing powdered metals●Sondex Korea_Denmark_Manufacturing heat exchangers ●SKF Korea-Sweden: Manufacturing automobile parts ●Bosch Rexroth-Germany: Manufacturing machine parts ●LS Metal Co. : Korea_manufacturing copper tubes and pipes, stainless steel pipes●LG CNS Data Center : Korea_information services
Area 51.2㎢
Anticipated population 182,000
Development period 2003 to 2020
38-26, Noksansandan 232-ro, Gangseo-gu, Busan, Korea(Songjung-dong)
The BJFEZ is being developed in five districts - New Port, Myeongji, Jisa, Dudong and Ungdong
●Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 yearsFirst 3 years :
100% exemption,The following 2 years : 50%
reduction
First 5 years : 100% exemption,
The following 2 years : 50% reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Coversfactoryandresearchfacilityconstructioncosts
Educational training,
employment subsidies
·Subsidieswillbeupto500,000wonperperson,formaximumof6months.Thetotalmaximumofsubsidieswillbe500millionwonpercompany
Relief from control on labor affairs
·Notobligedtofillvacantjobpositionswithpersonsofnationalmerit,thedisabled,ortheelderly
·Unpaidleave,includingunpaidmenstrualleave,ispermitted
·Mayexpandthetypeofworkandtermsofdispatchedworkerassignments
Improvements of living conditions
for foreigners
·Foreigneducationalinstitutionscanbeestablishedandoperated
·Openingandoperatingforeignmedicalinstitutionsorforeigner-onlypharmacieswillbepermitted
·Openingforeigner-onlycasinoswillbeallowedforforeigninvestorsthatinvestmorethan$500millionRe-transmissionofforeignbroadcastingchannelswillbeallowedthroughlocalcablenetworks
·Freeforeigncurrencyexchangeisalloweduptoalimitof$20,000indirectpayment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)●Acquisition tax : 100% tax exemption for up to 15 years in accordance with local ordinances● Property tax : Tax reductions for up to 15 years in accordance with local ordinances
● Lease fees for government or publicly owned land will be reduced by 50 percent, 75 percent or 100 percent, depending on eligibility of companies.●Government or publicly owned land can be leased for up to 50 years.●Government or publicly owned land can be used for a private contract, profits, loans, or sales●Cost for establishing an infrastructure will be supported 50 percent or 100 percent
New PortInternational business complex for logistics, retail and shipping - Area : 4.5㎢ - Location : Around Gangseo-gu, Busan and Yongwon-dong, Jinhae-gu, Changwon - Project cost : 1 trillion and 76.2 billion won - Development plan : Logistics, manufacturing and retail - Major facilities : Busan port
JisaHigh-tech manufacturing and R&D hub around the Busan Science & Industrial Park - Area : 7.4㎢- Location : Around Jisa, Songjeong and Mieum-dong, Gangseo-gu, Busan - Project cost : 1 trillion and 89.3 billion won - Development plan : Cutting-edge manufacturing, R&D center - Major facilities : International campus of Germany’s FAU, digital production technology support center, research support center for high-tech components
DudongEco-friendly housing, logistics and R&D - Area : 2.6㎢- Location : Dudong, Jinhae-gu, Changwon, South Gyeongsang Province - Project cost : 628.2 billion won - Development plan : Mechatronics, R&D, University campuses - Major facilities : Dong-A University, Bobae Research District, Munhwa Cultural District
MyeongjiInternational city with production base for air logistics and high-tech components - Area : 9㎢ - Location : A designated area of Myeongji, Shinho and Daejeo-dong, Gangseo-gu, Busan - Project cost : 3 trillion and 655.2 billion won - Development plan : International business, housing, foreign schools and medical institutions - Major facilities: logistics base for the continent, supply base for high-tech components and materials
UngdongHub of tourism, leisure and logistics - Area : 9.2㎢ - Location : Around Ungdong, Namyang, Nammoon-dong, Jinhae-gu, Changwon, South Gyeongsang Province - Project cost : 2 trillion and 210.6 billion won - Development plan : Leisure and vacation facilities, logistics - Major facilities : Global theme park, complex for logistics and retail, international schools
Declared FDI amount(USD million)
2016. 07
Total 2031.5
High-tech industry
Cases : 55Amount : 1235.3
New port construction
Cases : 2Amount : 402.2
Logistics
Cases : 62Amount : 254.3
Education·medical
Cases : 1Amount : 20
Tourism·leisure
Cases : 2Amount : 62
Etc.
Cases : 3Amount : 57.7
GFEZ
Gwangyang Bay Area Free Economic Zone
Best Industrial Infrastructure in Northeast Asia
Homepage : http://www.gfez.go.krTel : 061-760-5114Investment consultations : 061-760-5561
Contacts
Advantages
Best shipping logistics base in Northeast Asia- The Gwangyang Bay Area is located on the world’s largest China-North
America sea route, as well as on the mainsea routes of Northeast Asia and the Pacific Ocean.
- The zone has the closest port in Korea to major ports in Northeast Asia, such as Shanghai, Hong Kong, Osaka and Kaohsiung, making it an ideal location
for shipping transport.- The sea has a maximum depth of 41 meters, allowing the entry and departure
of mega vessels weighing more than 300,000 tons.- The zone is positioned to be thestarting point for overland transport between
Northeast Asia and Europe, and between Northeast Asia and Central Asia when connected to the Trans-Siberian Railway, Trans-Manchurian Railway and Trans-China Railway.
Excellent industrial infrastructure- The GFEZ has an internationally advantageous port handling up to 272 million
tons of cargo a year as of 2015.- It is equipped with stable industrial infrastructure on 189.6㎢ of industrial
land, which accounts for 13.52 percent of the total area of all Korean industrial districts.
- The zone is adjacent to POSCO’s Gwangyang Steel Mill and the Yeosu National Industrial District.
- It nurtures 8,000 high-quality workers a year through 38 educational institutions nearby.
Gateway to Northeast Asia via ports, airports, roads and railways- Four airports in Yeosu, Sacheon, Gwangju and Muan are within 1hour of the zone.- Metropolitan areas are reachable within 3 hours via five highways, eight roads
and 18 local roads.- Via KTX, Seoul is reachable within 2 1/2 hours.
Comfortable living environment- The area will provide international education through foreign schools. In
March 2017, it aims to open an international campus of the U.K.’s Aberdeen University.
- It has 634 general and smaller hospitals with more than 7,000 beds for comfortable medical services.
- The GFEZ provides favorable living conditions with cyclic ecology passages and golf courses.
- It has abundant tourism and cultural resources, including Yeosu Expo Ocean Park, Suncheon Bay National Garden, nine national and provincial parks and 270 national treasures and cultural heritage sites.
Major resident companies●Hyundai Glovis-Korea Logistics●SNNC-Increased investment for a ferronickel manufacturing facility●Dongbu Complex Logistics-Logistics●POSCO : Korea_Steel ●CJ Korea Express Corp. : Korea_logistics and distribution●Hyundai Steel : Korea_Steel ●GS Caltex : Korea_Energy●Kumho Mitsui Chemical : Korea/Japan_Petrochemicals
The Busan New Port is Korea’s largest logistics hub, connected to major ports in Japan, China and Russia, handling the world’s sixth-largest cargo volume. Busan and Jinhae are also top summer vacation destination and have hosted prestigious international events. This center of global business has an industrial cluster for shipbuilding, carmaking and machinery, as well as being a center for tourism and leisure.
Area 76.26㎢
Anticipated population 120,000
Development period 2004 to 2020
1100, Indeok-ro, Gwangyang-eup, Gwangyang-si, Jeollanam-do, Korea
The GFEZ is being developed in five districts - Gwangyang, Yulchon, Sindeok, Hadong and Hwayang
●Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 yearsFirst 3 years :
100% exemption,The following 2 years : 50%
reduction
First 5 years : 100% exemption,
The following 2 years : 50% reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Coversfactoryandresearchfacilityconstructioncosts
Educational training,
employment subsidies
·Subsidieswillbeupto500,000wonperperson,formaximumof6months.Thetotalmaximumofsubsidieswillbe500millionwonpercompany
Relief from control on labor affairs
·Notobligedtofillvacantjobpositionswithpersonsofnationalmerit,thedisabled,ortheelderly
·Unpaidleave,includingunpaidmenstrualleave,ispermitted
·Mayexpandthetypeofworkandtermsofdispatchedworkerassignments
Improvements of living conditions
for foreigners
·Foreigneducationalinstitutionscanbeestablishedandoperated
·Openingandoperatingforeignmedicalinstitutionsorforeigner-onlypharmacieswillbepermitted
·Openingforeigner-onlycasinoswillbeallowedforforeigninvestorsthatinvestmorethan$500millionRe-transmissionofforeignbroadcastingchannelswillbeallowedthroughlocalcablenetworks
·Freeforeigncurrencyexchangeisalloweduptoalimitof$20,000indirectpayment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)●Acquisition tax : 100% tax exemption for up to 15 years in accordance with local ordinances● Property tax : Tax reductions for up to 15 years in accordance with local ordinances
● Lease fees for government or publicly owned land will be reduced by 50 percent, 75 percent or 100 percent, depending on eligibility of companies.●Government or publicly owned land can be leased for up to 50 years.●Government or publicly owned land can be used for a private contract, profits, loans, or sales●Cost for establishing an infrastructure will be supported 50 percent or 100 percent
HwayangBase for Namhaean Tourism Belt- Area : 9.99㎢- Location : Around Hwayang-myeon, Yeosu, Jeolla Province- Project cost : 1 trillion and 428.9 billion won- Development plan : Integrated tourism, leisure and sports resort, linked to Maritime National Park.
- Major facilities : Marine-tourism resort complex, Four season multifunctional resort complex(golf, leisure, hotel, marina resort)
YulchonManufacturing base for steel and machinery- Area : 27.79㎢- Location : Yeosu,Suncheon,Gwangyang, South Jeolla Province- Project cost : 3 trillion and 838.6 billion won- Development plan : Steel, machinery, assembly, new renewable energy
- Major facilities : Yulchon Industrial Complex Ⅰ·Ⅱ·Ⅲ, Yulchon Port Site
SindeokEco-friendly residential district- Area : 12.67㎢- Location : Haeryong-myeon, Suncheon, and Sepoong-ri, Gwangyang- Project cost : 3 trillion and 34.5 billion won- Development plan : Housing, functional chemical materials, foreigner-only lease complexes
- Major facilities : Shindae Hinterland, Haeryong Industrial Complex, Gwangyang Sepoong Industrial Complex, Gwangyang Multi-purpose Business Complex, Wellbeing County Complex, Seonwoel High Park Complex
GwangyangComplex for international logistics and retail industry- Area : 13.64㎢- Location : Hwanggeum-dong, Gwangyang- Project cost : 2 trillion and 674 billion won- Development plan : International business, logistics- Major facilities : Gwangyang Container Terminal, POSCO Terminal CTS, Container Berth Hinterland(East & West Side), Hwanggeum Industrial Complex, Seonghwang International Business Park
HadongMulti-purpose district for business, housing and leisure- Area : 12.17㎢- Location : Geumseong, Geumnam-myeon, Hadong-gun, South Gyeongsang Province
- Project cost : 2 trillion and 819.9 billion won- Development plan : Multi-functional area for off-shore plant, shipbuilding, metal-working, business, tourism and leisure
- Major facilities : Galsa Bay Shipbuilding Industry Complex, Daesong Industrial Complex, Deokcheon Eco City, Duu Leisure Complex
※ Launch of the Immigrant Investor Scheme for Real Estate
Declared FDI amount (USD million)
Total 4,533
ManufacturingCases : 16Amount : 904
LogisticsCases : 26Amount : 406
Tourism·leisureCases : 2Amount : 1,611
International schoolCases : 3Amount : 75
Etc. Cases : 10Amount : 1,537
The first half of 2016
YESFEZ
Centered around Pyeongtaek Port located at the center of the Pan-Yellow Sea region, the YESFEZ serves as a forward base for exports to China and a logistics hub of Northeast Asia with cutting-edge clusters including Pyeongtaek BIX & Hyeondeok area and Samsung Godeok Complex, and has attracted global leaders including LG, Hyundai Kia Motors, Ssangyong Motor, ABB, Delphi, and Bosch.
Yellow Sea Free Economic Zone
High-tech Industrial Cluster in the Yellow Sea Region
Homepage : http://yesfez.gg.go.krTel : 031-8008-8615Investment consultations : 031-8008-8633 / 8635
Contacts
Advantages
Largest knowledge-based manufacturing cluster in Korea- Attracted around 3,350 global companies including Samsung Electronics,
Hyundai Kia Motors, LG Display, Hyundai Steel, 3M, Siemens, Sony and Bosch and more.
- The area’s IT, semiconductor, mechatronics and parts businesses account
for about 40 percent of Korea’s knowledge-based manufacturing.
Forward base for exports to China and Northeast Asia- The zone has the fastest access to China’s coastal industrial economic belt.
(distance from Pyeongtaek, Korea to Rongcheng, china: 396㎢)- It is close to Pyeongtaek port equipped with 63 berths which is directly
connected to major ports in China and Southeast Asia.
Excellent proximity and investment environment- It is connected to major highways and high speed KTX railway.- Incheon International Airport and Chungju Airport are within two hours’
journey of Northeast Asia’s major cities.- It is near the enormous market of Seoul metropolitan areas and rich human
resources.
Korea-China business valley- The zone will develop the area into a hub for exchanges with China in
commerce, tourism, medical services and housing through investment by Chinese capital.
- It will offer multi-purpose facilities for international business, vacation and culture.
- Center of the Yellow Sea industrial belt.
Neighboring resident companies●Samsung Electronics : Korea_Electronics and semiconductor
●LG Innotek : Korea_Materials and components●Sony : Japan_Electronics and electricity ●ENC Inc. : U.S._Logistics●Mitsubishi Motors : Japan_Automobile
Area 4.39㎢
Anticipated population 34,000
Development period 2008 to 2020
73, Pyeongtaek hangman-gil, Poseung-eup, Pyeongtaek-si, Gyeonggi-do, Korea(Marine Center)
The YESFEZ is being developed in two districts - Pyeongtaek BIX and Hyeondeok District
●Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 yearsFirst 3 years :
100% exemption,The following 2 years : 50%
reduction
First 5 years : 100% exemption,
The following 2 years : 50% reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Coversfactoryandresearchfacilityconstructioncosts
Educational training,
employment subsidies
·Subsidieswillbeupto500,000wonperperson,formaximumof6months.Thetotalmaximumofsubsidieswillbe500millionwonpercompany
Relief from control on labor affairs
·Notobligedtofillvacantjobpositionswithpersonsofnationalmerit,thedisabled,ortheelderly
·Unpaidleave,includingunpaidmenstrualleave,ispermitted
·Mayexpandthetypeofworkandtermsofdispatchedworkerassignments
Improvements of living conditions
for foreigners
·Foreigneducationalinstitutionscanbeestablishedandoperated
·Openingandoperatingforeignmedicalinstitutionsorforeigner-onlypharmacieswillbepermitted
·Openingforeigner-onlycasinoswillbeallowedforforeigninvestorsthatinvestmorethan$500millionRe-transmissionofforeignbroadcastingchannelswillbeallowedthroughlocalcablenetworks
·Freeforeigncurrencyexchangeisalloweduptoalimitof$20,000indirectpayment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)●Acquisition tax : 100% tax exemption for up to 15 years in accordance with local ordinances● Property tax : Tax reductions for up to 15 years in accordance with local ordinances
● Lease fees for government or publicly owned land will be reduced by 50 percent, 75 percent or 100 percent, depending on eligibility of companies.●Government or publicly owned land can be leased for up to 50 years.●Government or publicly owned land can be used for a private contract, profits, loans, or sales●Cost for establishing an infrastructure will be supported 50 percent or 100 percent
Pyeongtaek BIXHigh-tech industry cluster and value-added logistics hub
- Area : 2.07㎢ - Location : Around Manho-ri, Sinyeong-riand Huigok-ri, Poseung-eup, Pyeongtaek, Gyeonggi Province - Project cost : 800.4 billion won - Development plan : : Advanced industrial cluster, logistics and lease land for foreigners only - Major facilities : Eco-friendly automobiles and automobile parts, semiconductor, electronics and electricity, chemiclas, logistics center - Schedule of promotion : Completion of site construction in 1st half of 2019 (preliminary)
HyeondeokHub for Northeast Asia’s retail and tourism with globally-competitive living environment
- Area : 2.07㎢ - Location : Around Manho-ri, Sinyeong-riand Huigok-ri, Poseung-eup, Pyeongtaek, Gyeonggi Province - Project cost : 800.4 billion won - Development plan : : Advanced industrial cluster, logistics and lease land for foreigners only - Major facilities : Eco-friendly automobiles and automobile parts, semiconductor, electronics and electricity, chemiclas, logistics center semiconductor, electronics and electricity, chemiclas, logistics center- Schedule of promotion : Approval of initiation plan in 17th June 2016
※ BIX : Refers to the "Business and Industry Complex", which is Gyeonggi Province's specialized brand.
Nearby industrial clusters
Incheon
인천항
Siheung-si
Ansan-si
Suwon-si
Gunpo-si
Anyang-si
Gwacheon-si
Gwangmyeong-si
Bucheon-si
Seongnam-si
Gwangju-si
Yongin-si
Anseong-si
Asan-si
남양방조제
아산만방조제
석문방조제대호방조제
Osan-siHwaseong-si제부도
대부도
영흥도자월도
이작도
풍도육도
난지도
용유도
영종도
Incheon International Airport
Gyeonggi-do
Chungcheongnam-do
실미도
장봉도
Pyeongtaek-si
Cheonan-si
Seosan-si
Dangjin-si고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
아산만방조제
오산시화성시
제부도
대부도
영흥도자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
서산시
당진시고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제
화성시
자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
평택항
대산항
인천
인천항
시흥시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제대호방조제
오산시화성시
제부도
대부도
영흥도자월도
이작도
풍도육도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
당진시고파도
평택항
대산항
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
PETROCHEMIC
DISPLAY MATERIALS
DISPLAY MATERIALSADVANCED MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
IRON & STEEL IRON & STEEL
IRON & STEEL
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
GENERAL CHEMICALS
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
DISPLAY MATERIALSDISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALSADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
Poseung
Hyeondeok
포승
현덕
포승
현덕
포승
현덕
Automotive Cluster
Among the world’s top five auto-making countries - Cluster of more than 700 automotive parts factories - Annual production of 8 million vehicles (3 million overseas production)
Incheon
인천항
Siheung-si
Ansan-si
Suwon-si
Gunpo-si
Anyang-si
Gwacheon-si
Gwangmyeong-si
Bucheon-si
Seongnam-si
Gwangju-si
Yongin-si
Anseong-si
Asan-si
남양방조제
아산만방조제
석문방조제대호방조제
Osan-siHwaseong-si제부도
대부도
영흥도자월도
이작도
풍도육도
난지도
용유도
영종도
Incheon International Airport
Gyeonggi-do
Chungcheongnam-do
실미도
장봉도
Pyeongtaek-si
Cheonan-si
Seosan-si
Dangjin-si고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
아산만방조제
오산시화성시
제부도
대부도
영흥도자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
서산시
당진시고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제
화성시
자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
평택항
대산항
인천
인천항
시흥시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제대호방조제
오산시화성시
제부도
대부도
영흥도자월도
이작도
풍도육도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
당진시고파도
평택항
대산항
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
PETROCHEMIC
DISPLAY MATERIALS
DISPLAY MATERIALSADVANCED MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
IRON & STEEL IRON & STEEL
IRON & STEEL
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
GENERAL CHEMICALS
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
DISPLAY MATERIALSDISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALSADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
Poseung
Hyeondeok
포승
현덕
포승
현덕
포승
현덕
Semiconductor / LCD Cluster
68 percent of global market share in the memory semiconductor industry (World No.1)
10.8 percent of global market share in semiconductor industry (World No.3)
Incheon
인천항
Siheung-si
Ansan-si
Suwon-si
Gunpo-si
Anyang-si
Gwacheon-si
Gwangmyeong-si
Bucheon-si
Seongnam-si
Gwangju-si
Yongin-si
Anseong-si
Asan-si
남양방조제
아산만방조제
석문방조제대호방조제
Osan-siHwaseong-si제부도
대부도
영흥도자월도
이작도
풍도육도
난지도
용유도
영종도
Incheon International Airport
Gyeonggi-do
Chungcheongnam-do
실미도
장봉도
Pyeongtaek-si
Cheonan-si
Seosan-si
Dangjin-si고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
아산만방조제
오산시화성시
제부도
대부도
영흥도자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
서산시
당진시고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제
화성시
자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
평택항
대산항
인천
인천항
시흥시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제대호방조제
오산시화성시
제부도
대부도
영흥도자월도
이작도
풍도육도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
당진시고파도
평택항
대산항
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
PETROCHEMIC
DISPLAY MATERIALS
DISPLAY MATERIALSADVANCED MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
IRON & STEEL IRON & STEEL
IRON & STEEL
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
GENERAL CHEMICALS
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
DISPLAY MATERIALSDISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALSADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
Poseung
Hyeondeok
포승
현덕
포승
현덕
포승
현덕
Global Corporation Cluster
Global companies located near YESFEZ- Samsung Electronics, Hyundai Motor, Kia Motors, Mobis, ABB, SONY, 3M, DENSO, Delphi, Bosch, Siemens etc
DGFEZ
The DGFEZ is armed with Korea’s knowledge-based industry and ideal service infrastructure. It offers development land, R&D facilities, commerce and residential areas with a focus on IT convergence, transport components and medical businesses. It is located in the heart of Korea's largest automotive cluster and a center of IT/SW, healthcare and steel industries. The area also boasts high-quality human resources.
Daegu-Gyeongbuk Free Economic Zone
Transforming from manufacturing industrial complex to high-tech convergence medical
industrial complex
Homepage : http://www.dgfez.go.krTel : 053-550-1500Investment consultations : 053-550-1554
Contacts
Advantages
Home to Korea’s leading industrial clusters- The DGFEZ is at the heart of “Auto Valley,” connecting automotive electronic
parts firms in Gumi, mechatronics in Daegu, complete automobiles in Yeongcheon, Gyeongju and Ulsan, shipbuilding in Busan and machinery and metals in Changwon.
- Around Pohang, it houses a steel industry cluster where POSCO, Hyundai Steel and Dongkuk Steel are located.
- It will have a 4.6 trillion-won state-supported medical cluster : New Drug Development Center, Medical Device Development Center, Laboratory Animal Center, Clinical Drug Manufacturing Center and Communication Center
- It also has an IT and Software industry cluster with bases for Samsung Electronics, LG Display and Dassault Systemes.
R&D centers supporting new growth industries- The zone has 135 R&D institutions including the Electronics and
Telecommunications Research Institute, Korea Institute of Industrial Technology and Korea Institute of Machinery & Materials.
- It has two R&D special districts - Daegu Technopolis and Sinseo Medivalley, DGIST and POSTECH.
Rich human resources- There are 52 universities and colleges within the Daegu-Gyeongbuk region
and 70,000 graduates including 17,000 in national science and engineering, enter the job market every year.
- It has 135 R&D institutions with 4,800 researchers.
Major resident companies●KNT Company : Japan_ Precision multitasking machine ●Hycon Korea : Hong Kong_ Excavator parts ●Ugint : Korea/Saudi Arabia/ Cayman Islands_manufacturing equipment ●Assab Steel Korea : Singapore_Steel for mold components ●PNDT : Korea/Japan_Automobile parts, damper pulley ●Daicel Safety Systems Korea : Japan_Automobile parts ●LFJ Korea : Korea/Taiwan_Automobile muffl ers, parts ●Hwajin : Korea/Japan_Wood grain and interior materials for automobiles ●BPH Korea : Korea/U.S._Packaging containers and materials for automobiles ●KT&C : Korea/U.S._Kitchenware ●Nakamura-Tome Precision Industry : Japan_High-precision complex processors
Area 18.93㎢
Anticipated population 76,000
Development period 2008 to 2022
5~6F, 227, Palgong-ro, Dong-gu, Daegu, Korea
The DGFEZ is being developed in eight districts including Daegu Technopolis, Suseong Medical District, Gyeongsan Knowledge Industry District, Yeongcheon Industry District
●Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 yearsFirst 3 years :
100% exemption,The following 2 years : 50%
reduction
First 5 years : 100% exemption,
The following 2 years : 50% reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Coversfactoryandresearchfacilityconstructioncosts
Educational training,
employment subsidies
·Subsidieswillbeupto500,000wonperperson,formaximumof6months.Thetotalmaximumofsubsidieswillbe500millionwonpercompany
Relief from control on labor affairs
·Notobligedtofillvacantjobpositionswithpersonsofnationalmerit,thedisabled,ortheelderly
·Unpaidleave,includingunpaidmenstrualleave,ispermitted
·Mayexpandthetypeofworkandtermsofdispatchedworkerassignments
Improvements of living conditions
for foreigners
·Foreigneducationalinstitutionscanbeestablishedandoperated
·Openingandoperatingforeignmedicalinstitutionsorforeigner-onlypharmacieswillbepermitted
·Openingforeigner-onlycasinoswillbeallowedforforeigninvestorsthatinvestmorethan$500millionRe-transmissionofforeignbroadcastingchannelswillbeallowedthroughlocalcablenetworks
·Freeforeigncurrencyexchangeisalloweduptoalimitof$20,000indirectpayment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)●Acquisition tax : 100% tax exemption for up to 15 years in accordance with local ordinances● Property tax : Tax reductions for up to 15 years in accordance with local ordinances
● Lease fees for government or publicly owned land will be reduced by 50 percent, 75 percent or 100 percent, depending on eligibility of companies.●Government or publicly owned land can be leased for up to 50 years.●Government or publicly owned land can be used for a private contract, profits, loans, or sales●Cost for establishing an infrastructure will be supported 50 percent or 100 percent
Daegu TechnopolisFuture-oriented high-tech science city, combining nature and living infrastructure- Area : 7.26㎢ - Location : Hyunpung-myeon and Yuga-myeon, Dalseong-gun, Daegu- Project cost : 1 trillion and 723.3 billion won- Development plan : Automobiles and auto parts, Mechatronics, IT convergence, renewable energy- Major facilities : Proving Ground for Intelligent Vehicle & Transportation, Electronics and Telecommunications Research Institute, Korean Institute of Industrial Technology, Korea Institute of Machinery and Materials, Daegu-Gyeongbuk Institute of Science and Technology, Daegu National Science Museum
Yeongcheon Industry DistrictCenter of Korea’s largest automobile componentsand materials industrial cluster- Area : 1.46㎢- Location : Chaesin-dong, Bonchon-dong, and Geumho-eup, Yeongcheon - Project cost : 206.2 billion won- Development plan : Automobile parts, electronics, machineries, advanced components and materials, R&D- Major facilities : Research Institute of Vehicle Embedded Technology, Gyeongbuk Hybrid Technology Institute
Gyeongsan Knowledge Industry DistrictDistrict for high-tech construction machinery and medical materials - Area : 3.79㎢- Location : Hayang-eup and Wachon -myeon, Gyeongsan- Project cost : 1 trillion and 36.3 billion won- Development plan : Construction machines and components, new medical materials, automobile parts, medical device and R&D- Major facilities : Next Generation Construction Equipments Convergence Center, Next Generation Construction Equipments Design Support Center, High-Tech Medical Convergence Textile Center
International Fashion DistrictFashion and design-specialized district with residential, commercial and industrial facilities- Area : 1.18㎢- Location : Bongmu-dong, Dong-gu, Daegu- Project cost : 1 trillion and 250 billion won- Development plan : Fashion, media, advanced IT and knowledge-based industry- Major facilities : Daegu Textile Complex, Korea Research Institute for Fashion Industry, College of Korea Textile & Fashion Polytechnic, Daegu International School, Lotte Outlets
Suseong Medical DistrictMedical, IT/SW district with pleasant living environment- Area : 1.23㎢- Location : Daeheung-dong, Suseong-gu, Daegu- Project cost : 615.7 billion won- Development plan : Specialty hospital, state-run health-related institutions, medical tourism facilities, advanced IT companies- Major facilities : Suseong IC, Software Convergence Technology Center, Daegu Art Museum, Daegu Stadium, Daegu Baseball Stadium, Daegu Athletics Promotion Center
Yeongcheon High-tech ParkFuture-oriented high-tech science city, combining nature and living infrastructure- Area : 1.5㎢- Location : Jungang-dong and Hwasan-myeon, Yeongcheon- Project cost : 219.7 billion won- Development plan : Intelligent auto parts complex, R&D center, future car theme park, components logistics center, specialized colleges- Major facilities : Airforce Logistics Command, Avionics & System Technology Center(ASTEC), Gyeongbuk Research Institute of Vehicle Embedded Technology, Bio Medical Center(KITECH), Boeing MRO Center
Sinseo MedivalleyHigh-tech medical industrial district with smart medical infrastructure- Area : 1.05㎢- Location : Sinseo-dong, Dong-gu, Daegu - Project cost : 403.8 billion won- Development plan : New medicine and advanced medical device development, R&D- Major facilities : Daegu Gyeongbuk Medical Innovation Foundation, Korea Brain Research Institute, Korea Institute of Oriental Medicine, Korea Institute of Oriental Medicine, 3D Convergence Technology Center
Pohang Fusion Tech DistrictFuture-oriented high-tech science city, combining nature and living infrastructure- Area : 1.46㎢- Location : Heunghae-eup, Buk-gu, Pohang - Project cost : 362.0 billion won- Development plan : Complex for green energy, bio industry, mechatronics, components materials and R&D- Major facilities : KTX Pohang Station, Pohang Yeongilman Port, POSCO, POSCO Power, POSTECH, Pohang Accelerator laboratory, Max Plank POSTECH/Korea Research Initiative
01
02
03 04 05
07
06
08
Pohang
Yeongcheon
DaeguGyeongsan
01 Daegu Technopolis02 Suseong Medical District03 International Fashion District04 Sinseo Medivalley05 Gyeongsan Knowledge Industry District06 Yeongcheon Industry Distric07 Yeongcheon High-tech Park08 Pohang Fusion Tech District
EFEZ
The EFEZ has rich reserves of nonferrous metals and minerals, which are basic materials for the ultralight material industry. The zone is to host 2018 PyeongChang Winter Olympics. It has created the nation’s largest nonferrous metals cluster and invited a number of leading companies in the related business. Its future prosperity will be based on cutting-edge green materials industries, and an international logistics, using business complex and the winter sports hub of Asia as leverage.
East Coast Free Economic Zone
Best investment in the Pan-East Sea region! East coast Free
Economic Zone
Homepage : http://www.efez.go.krTel : 033-539-7800Investment consultations :033-539-7655 / 7665
Contacts
Advantages
Optimal place for nonferrous metals industry
- It has created the nation’s largest nonferrous metals cluster.- It has rich reserves of nonferrous metals and minerals. All of
Korea’s rare earth minerals, 90 percent of its limestone, 67 percent of its dolomite and seawater lithium and 45 percent of its silica stone come from this region.
- It has invited a number of leading companies in the nonferrous metals industry.
Logistics hub of Pan-East Sea region
- It is a logistics hub, connecting to Sakaiminato in Japan, Vladivostok in Russia and Dongbei in China.
- The population of the East Sea economic region is estimated to be 306 million.
- The economic size of the wider region is expected to grow to $12.2 trillion in 2020, which is 51 percent of that of the EU.
Base for tourism and vacation in Northeast Asia
- The area will host the 2018 PyeongChang Winter Olympics.- It attracted 100 million tourists and generated tourism income of 2.7 trillion won in 2013.- Thanks to abundant tourism resources, it became the most
preferred tourist area in Korea for eight consecutive years.
Major resident companies●Dongbu Metal : Korea_ferromanganese production
●LS Cable & System : Korea_submarine cable
●POSCO : Korea_refining magnesium
Area 8.95㎢
Anticipated population 13,000
Development period 2013 to 2024
231, Haean-ro, Donghae-si, Gangwon-do, Korea(Cheongok-dong)
The EFEZ is being developed in four districts - Bukpyeong, Mangsang, Okgye
●Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 yearsFirst 3 years :
100% exemption,The following 2 years : 50%
reduction
First 5 years : 100% exemption,
The following 2 years : 50% reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Coversfactoryandresearchfacilityconstructioncosts
Educational training,
employment subsidies
·Subsidieswillbeupto500,000wonperperson,formaximumof6months.Thetotalmaximumofsubsidieswillbe500millionwonpercompany
Relief from control on labor affairs
·Notobligedtofillvacantjobpositionswithpersonsofnationalmerit,thedisabled,ortheelderly
·Unpaidleave,includingunpaidmenstrualleave,ispermitted
·Mayexpandthetypeofworkandtermsofdispatchedworkerassignments
Improvements of living conditions
for foreigners
·Foreigneducationalinstitutionscanbeestablishedandoperated
·Openingandoperatingforeignmedicalinstitutionsorforeigner-onlypharmacieswillbepermitted
·Openingforeigner-onlycasinoswillbeallowedforforeigninvestorsthatinvestmorethan$500millionRe-transmissionofforeignbroadcastingchannelswillbeallowedthroughlocalcablenetworks
·Freeforeigncurrencyexchangeisalloweduptoalimitof$20,000indirectpayment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)●Acquisition tax : 100% tax exemption for up to 15 years in accordance with local ordinances● Property tax : Tax reductions for up to 15 years in accordance with local ordinances
● Lease fees for government or publicly owned land will be reduced by 50 percent, 75 percent or 100 percent, depending on eligibility of companies.●Government or publicly owned land can be leased for up to 50 years.●Government or publicly owned land can be used for a private contract, profits, loans, or sales●Cost for establishing an infrastructure will be supported 50 percent or 100 percent
BukpyeongLogistics and business hub, base for ferro alloy industry
- Area : 2.14㎢- Location : Around Danbong-dong, Songjeong-dong, Donghae- Project cost : 561.3 billion won- Development plan : Hub of logistics business in the East Sea region, industrial hub of advanced components and ferrous alloys- Major facilities : Ferro alloy complex, exclusive complex for foreign companies, high-tech components industrial complex, logistics/retail complex, EGTC
OkgyeHigh-tech industry cluster and value-added logistics hub
- Area : 0.42㎢- Location : Okgye-myeon, Gangneung- Project cost : 59.5 billion won- Development plan : Cluster of ultralight materials industries, R&D complex for advanced materials- Major facilities : High-tech materials refinery and dissolved lithium room vaporization facility, research labs, exclusive complex for foreigners
MangsangInternational maritime tourism leisure complex
- Area : 6.39㎢ - Location : Mangsang-dong, Donghae- Project cost : 1 trillion and 177.1 billion won- Development plan : Marine tourism, leisure, medical tourism- Major facilities : Maritime tourism leisure facilities(Water parks, Yacht Marina), hotels condominiums, casinos
Center of Global Event & Hub of 4 seacon Marine Tourism
2018 Pyeongchang Winter Olympics
Winter sports event of world-class scale hosted by Gangwon-do
Traditional Culture Festival
Gangneung Danoje FestivalNo.13 Important Intangible Cultural Property, selected as Masterpieces of the Oral and Intangible Heritage of Humanity by UNESCO, and designated as global cultural heritage.
Four Seasons Marine Tourism in Eastern Coast
Gyeongpo beach - Natural environment and beautiful sceneryMangsang beach - Creation of nature-friendly leisure space with camping site, resort, etc.
CBFEZEnvironmentally-friendly BIT Convergence Business Hub
The CBFEZ is located at the center of Korea, which allows fast access to inland regions and a transportation network that runs in all directions. It is Korea’s IT biotechnology convergence industry hub, equipped with a cluster of facilities for solar energy generation, semiconductor manufacturing and biotechnology businesses. It is also turning itself into the hub of Northeast Asia’s aviation industry.
Chungbuk Free Economic Zone
Homepage : http://www.cbfez.go.krTel : 043-220-8312Investment consultations : Osong Bio Valley 043-220-8386 Cheongju Aeropolis 043-220-8381 Chungju Ecopolis 043-220-8632
Contacts
Advantages
Center of Korea’s transportation- The zone has access to the Seoul metropolitan area in one hour, and other
parts of the nation in two hours.- Seven high ways pass through the zone. Osong Station, the only station
where the Gyeongbu Line intersects with the Honam Line, connects all parts of the country.
- Cheongju International Airport, the hub of the central region, is nearby.- Cheongju International is the only local airport that runs 24 hours for freight air
carriers.- The CBFEZ has access to major Asian countries such as China and Thailand
within one to three hours.- It takes 10 minutes to get to Sejong City, the new administrative capital of
Korea, and one hour to get to Pyeongtaek and Dangjin port, the center of marine logistics from the zone.
Korea’s largest IT cluster- It has an IT cluster that produces not only semiconductor components but
also finished semiconductors. Korea’s leading companies located here include SK Hynix, MagnaChip and Dongbu HiTek.
- Designated as a special photovoltaic zone, the first in Korea, it produces 60 to 70 percent of Korea’s photovoltai ccell modules.
- It has an industrial complex specialized in automotive electronic parts.
Korea’s only bio hub with one-stop support for all industrial process- “Osong Bio-Health Science Complex” is Korea’s only biotech complex
initiated by the government. “Osong High- tech Medical Complex” has ideal human resources and infrastructure to develop new medicines and advanced medical devices. This zone also has a biomedical administration town where six state-run institutions in health and medical services, such as the Ministry of Food and Drug Safety, are located.
- It has four major government research facilities and national biomedical facilities.
- It can offer one-stop support for all stages of bio manufacturing, from clinical trials to approvals to manufacturing and retailing. It is home to more than 60 biomedical companies, 120 bio-related company-affiliated research centers and three universities specialized in biotechnology.
Major resident companies●National Biobank of Korea : Korea_bio industry
●National Center for Medical Information and Knowledge :
Korea_medical research●National Center for Stem Cell and Regenerative Medicine :
Korea_managing stem cell resources and research information●Covidien Korea : Korea_Medical technology and services
●CJ Healthcare Corp : Korea_Pharmaceuticals manufacturing
●LG Household & Health Care Ltd : Korea_ Household goods production
Area 7.21㎢
Anticipated population 50,000
Development period 2013 to 2020
194-41, Osongsaengmyeong 1-ro, Osong-eup, Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, Korea
(C&V Center 1F)
The CBFEZ is being developed in three districts- Osong Bio Valley, Cheongju Aeropolis and Chungju Ecopolis
●Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 yearsFirst 3 years :
100% exemption,The following 2 years : 50%
reduction
First 5 years : 100% exemption,
The following 2 years : 50% reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Coversfactoryandresearchfacilityconstructioncosts
Educational training,
employment subsidies
·Subsidieswillbeupto500,000wonperperson,formaximumof6months.Thetotalmaximumofsubsidieswillbe500millionwonpercompany
Relief from control on labor affairs
·Notobligedtofillvacantjobpositionswithpersonsofnationalmerit,thedisabled,ortheelderly
·Unpaidleave,includingunpaidmenstrualleave,ispermitted
·Mayexpandthetypeofworkandtermsofdispatchedworkerassignments
Improvements of living conditions
for foreigners
·Foreigneducationalinstitutionscanbeestablishedandoperated
·Openingandoperatingforeignmedicalinstitutionsorforeigner-onlypharmacieswillbepermitted
·Openingforeigner-onlycasinoswillbeallowedforforeigninvestorsthatinvestmorethan$500millionRe-transmissionofforeignbroadcastingchannelswillbeallowedthroughlocalcablenetworks
·Freeforeigncurrencyexchangeisalloweduptoalimitof$20,000indirectpayment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)●Acquisition tax : 100% tax exemption for up to 15 years in accordance with local ordinances● Property tax : Tax reductions for up to 15 years in accordance with local ordinances
● Lease fees for government or publicly owned land will be reduced by 50 percent, 75 percent or 100 percent, depending on eligibility of companies.●Government or publicly owned land can be leased for up to 50 years.●Government or publicly owned land can be used for a private contract, profits, loans, or sales●Cost for establishing an infrastructure will be supported 50 percent or 100 percent
Osong Bio Valley Cheongju Aeropolis Chungju Ecopolis
Development plans by districtCentral axis of the “growth engine industry” for the next generation
District size(㎢) Target businessOsong Biomedical District 1.13 Medical research and development facilities and clinical trial centers
Osong Biotech Convergence Industrial District 3.28 Bioinformatics convergence medical device manufacturers and biotech education and healthcare providers
Cheongju Aeropolis District I 0.15 Aviation MRO complex
Cheongju Aeropolis District II 0.32 Aviation industrial complex
Chungju Ecopolis District 2.33 Automotive electronics industries, logistics and distribution industries,and non-conventional renewable energy industries
C Belt - Spanning the Chungcheong area : Sejong, Daejeon, Ochang, Osong, Jeungpyeong, Chungju, etcConnecting scientific and industrial bases in the Chungcheong area
K Belt - Straddling the entire country : Seoul, Gwangju, Gangeung, Daegu and BusanConnecting primary scientific and industrial bases all over the country
Korea’s only bio industrial complex- Area : 4.41㎢- Location : Osong-eup, Cheongju, North Chungcheong Province
- Project cost : 1 trillion and 155.2 billion won- Development plan : Next-generation global harmaceutical industry, new bio drug and IT convergence medical equipment industries- Major facilities : National top five core R&D support organizations and top five national biomedical institutes, research town for communication and ventures
MRO hub to lead aviation maintenance industry- Area : 0.47㎢- Location : Naesu-eup, Cheongju, North Chungcheong Province- Project cost : 156.9 billion won- Development plan : Aircraft maintenance, aviation education, research labs and components industry
- Major facilities : Cheongju International Airport, aircraft components R&D center, aircraft maintenance/remodeling facilities
Base for new green growth industry- Area : 2.33㎢- Location : Jungangtapmyeon, Chungju, North Chungcheong Province
- Project cost : 659.1 billion won- Development plan : Automotive electronic parts, logistics, retail industry, renewable energy industry
- Major facilities : Automotive electronic parts industrial facilities, Suanbo hot spring, Chungju Lake