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Foreign Investment Zone

Foreign Investment Zone

Scale : 323,000 ㎡

Incentives & Apply Process

• National Taxes
  • - 100% exempt for the first 3 years
  • - 50% reduction for the following 2 years

    *Requires minimum USD 100 million investment

• Corporate/Income Taxes
  • - 100% exempt for the first 3 years
  • - 50% reduction for the following 2 years

    *Requires minimum USD 100 million investment

• Local Taxes
  • - 100% exemption for the first 15 years
• Acquisition/Registration/Property Taxes
  • - 100% exemption for the first 15 years

    *Requires minimum USD 100 million investment

• Tariff Exemption
  • - New investment goods for the first 5 years

    *Requires minimum USD 100 million investment

• Employment Subsidy
  • - Up to KRW 1,000,000 per month for every new employee hired after the number of regular employees exceeds 20. Up to KRW 1 billion for 6 months.

    *Only for Jeonbuk State resident employees

  • - Up to KRW 500,000 per month for every new employee hired after the number of regular employees exceeds 20. Up to KRW 200 million for 6 months.

    *Only for Iksan city resident employees

• Education & Training Subsidy
  • - Providing KRW 100,000~500,000 per month for every new employee hired after the number of regular employees exceeds 20. Up to KRW 500 million for 6 months.

    *Only for Jeonbuk State resident employees

  • - Up to KRW 500,000 per month for every new employee hired after the number of regular employees exceeds 20. Up to KRW 200 million for 6 months.

    *Only for Iksan city resident employees

• Other Benefits
  • - Educational facilities, housing purchase (within budget)
• Process
  • 
    1. 1. MOU Signing
    2. 2. Lease Contract
    3. 3. Construct and Register Facility
    4. 4. Apply for Taxation and Rent Reduction