Contents
01
About GB
A Successful Investment Destination
Regional Strategic Industries / Industrial Complexes
02
7 Major Strategic Industries
IT
Energy
Automotive Parts
Advanced Materials
Aviation
Leisure Services
Biotechnology
03
Major Industrial Complexes
Pohang Blue Valley / Gyeongju Gueo 2nd Industrial Complex
Gumi Hitech Valley / Gimcheon 1st Industrial Complex (Step2)
Andong Gyeongbuk Bio Industrial Complex / Mungyeong Singi 2nd Industrial Complex
Donggoryeong Industrial Complex / Seongju 2nd Industrial Complex
04
Parts & Materials Specialized Complexes
Pohang / Gumi Parts & Materials Complexes
05
Foreign Investment Zone
Global Investment Opportunities
06
Incentives
Maximum Investment Returns
Global Gyeongsangbuk-do(GB) opens up a new era of the Northeast Asian economy.
Here in GB, a world meets another world, businesses meets other businesses.
Underpinned by top-notch infrastructures and internationalized urban environments,
GB offers Good Business opportunities you've dreamt of.
01
ABOUT GYEONGSANGBUK-DO
About GB
Global Gyeongbuk
04
05
02
GB’s Nature Underpins
Your Successful Business!
Pleasant Living
Environment and
Various Tourist Attractions
Living Environment
Propelled by the IT industry in Gumi and the steel industry in Pohang, GB has been the workhorse for
Community : Banks, shopping malls and civil service centers ensure convenient
living environments.
▶▷ Education : Top-tier universities (POSTECH, Kyungpook National University, etc.)
and foreigners' schools (Pohang and Daegu).
▶▷ Healthcare : 15 general hospitals and 3,073 clinics.
▶▷ Nature : Various parks throughout the area ensure residents' wellbeing.
Korea's economic development for the last 50 years. Ready to communicate with people around the world,
Culture & Tourism
GB provides the best investment environments for your successful business.
▶▷
GB offers heavenly blessed nature and culture, world-class infrastructures, and cutting-edge science.
▶▷
Confucian culture : Andong Hahoe Village, Dosan Seowon, Yeongju Seonbi Village, etc.
Shilla culture : Gyeongju Bulguksa, Yangdong Village, Bomun Tourist Complex, etc.
▶▷ Gaya culture : Goryeong Daegaya Culture Valley, Royal Tombs Exhibition Hall, etc.
▶▷
01
Multifaceted
Transportation and
Logistics Networks
Railways
KTX High-speed Railway : Seoul ↔Gimcheon/Gumi (80 minutes),
Daegu (99 minutes), Shingyeongju (115 minutes),
Pohang (120 minutes, open in 2014).
▶▷ 10 train lines and 88 stations ensure convenient logistics.
▶▷
Roads
8 highways connected to all regions of the nation
(Gyeongbu Highway, Jungbu Highway, etc.)
▶▷ Well-organized state (20) and local (49) roads
▶▷
Airports
Daegu International Airport (8 international lines to
3 countries) and Pohang Airport
▶▷ Direct flight between Incheon and Daegu (takes 30
minutes, twice daily)
▶▷
Ports
Pohang Port (45 docks), Yeongilman New Port
(4 docks, to be expanded to 12 docks by 2020)
▶▷ 4 international container ports reachable within
1 hour (Busan International·Busan, Ulsan and
Masan Ports)
▶▷
03
Abundant
Human Resources &
Stable LaborManagement Relations
Abundant Human Resources
53 universities in the Gyeongbuk/Daegu region produces 70,000 graduates annually.
(Second most number following the capital region)
▶▷ 91 vocational high schools foster 52,000 field-ready workers.
▶▷ Ample supply of engineers in specialized fields
•POSTECH (advanced materials), Kyungpook National University (electronics),
Keimyeong University (automobiles), Daegu Haany University (Oriental medicine),
Yeongnam University (machinery, textile), DGIST, etc.
▶▷
Excellent R&D Foundations
Public research institutes and technical centers to underpin businesses' R&D
activities
•18 public research institutes, 42 university affiliated institutes, business affiliated
institutes, etc.
▶▷ Industry-university-research cooperative R&D infrastructures
▶▷
Stable labor-management relations and assistance
in problem solving
The Labor-Management Peace Declaration in 2007 laid foundations for stable
labor-management relations.
▶▷ Administrative supports to help business resolve problems
•Visiting programs and the "Happy Monitor" program
▶▷
Logistics Infrastructures
Yeongnam Inland Cargo Base (Chilgok)
•General Cargo : 3,570,000 tons / year
Containers : 330,000 TEUs / year
▶▷
The Best Municipality for Business
(2013, Korea Chamber of Commerce)
Global
Gyeongbuk
ABOUT GYEONGSANGBUK-DO
Global Gyeongbuk
Gyeongsangbuk-do
Regional Strategic Industries
Cluster
Region
Bio and Oriental Medicine
Andong, Yeongju, Uljin, Sangju, Gyeongsan
Life science, Healthcare, Marine bio, Oriental bio industries
Gimcheon, Gumi, Chilgok
Mobile, Display, Embedded/RFID industries
Electronics and IT
Advanced Materials and Components Gyeongsan, Yeongcheon, Gyeongju, Pohang
Green and Energy
Uljin, Yeongdeok, Pohang, Gyeongju
Industry
Machinery, Automotive component, Intelligent robot, Steel industries
Nuclear, Renewable energy, Nano technology industries
Major Industrial Complexes
06
07
02
IT / Energy
7 Major Strategic Industries
IT
Energy
A New Paradigm of High-Tech
Industry Begins
A Green Future of Korea Awaits
In GB, industrial complexes never sleep. With advanced competitiveness in high-tech industry,
08
09
Blessed by the boundless green values of the Nakdong River, Baekdudaegan mountains and East Sea,
GB serves as the green capital of Korea gearing towards the green energy industry.
they are aiming to conquer the global markets.
01
01
The World-Leading
Mecca of
Digital Industry
Mobile Convergence Technology Center (Gumi)
▶▷
Mobile convergent industry R&D and production governance systems.
Leader in Korea's
Low Carbon Green Growth
LED-IT Fusion Technology Research Center (Gyeongsan)
▶▷
East Sea Energy Cluster
▶▷
▶▷
Nuclear power plants : 16 (10 in operation, 6 anticipated)
Wind power plants : 164 (65 in operation, 99 anticipated)
Green energy policies underpinned by the best R&D
capabilities and excellent engineer pools
Streamlined solar industrial ecology covering from materials
to generation
Develops IT and display light sources, and fosters human resources.
Pohang Institute of Intelligent Robotics (Pohang)
As the national core for robotics R&D, the center focuses on
commercializing robot technologies.
▶▷ Maritime robot cluster
▶▷
East Sea Energy Cluster
R&D Facilities
▶▷
Mobile Convergence Technology Center, Gumi Electronic Industry
Promotion Institute, Gyeongbuk Institute of Science and Technology
Concentrated Complex for Electronic Medical Equipment
Components and Materials (Gumi Industrial Complex I refurbishment)
▶▷
Project period : 2006~2021 (15 years)
Budget : 4.4 trillion KRW
▶▷ Subject areas : Pohang, Gyeongju, Yeongdeok, Uljin
▶▷ Objective : Creating regional specialized clusters
▶▷
▶▷
02
Major Energy Policies
East Coast Nuclear Power Cluster
Building IT-based industrial complex for future-oriented high-tech
electronic medical equipment
Project period : 2012~2028 (16 years)
Budget : 13,455.4 billion KRW
▶▷ Subject areas : Pohang, Gyeongju, Yeongdeok, Uljin
▶▷ Objective : Creating nuclear power complexes
▶▷
▶▷
02
Growth Potential
Home to Korea’s Largest Electronics and Information
Industries
▶▷
Wide-Area Economic Initiatives
Green energy : Solar power components and materials, hydrogen fuel cells
IT convergence : Mobile convergence, medical devices, intelligent robots
•Provides up to 5 billion KRW for R&D projects per company to create energy
clusters in the east coast areas
▶▷
Mobile, Display, Digital TV, Embedded software industries, etc.
▶▷
Mega Enterprise-Oriented Manufacturing Foundations in Gumi
▶▷
500 suppliers, 60,000 permanent workers.
Renewable Energy Test-Bed
Robust Forward and Backward Industrial Infrastructures
▶▷
Major Investors
Hydrogen fuel cell : Pohang
Photovoltaics : Gumi
▶▷ TÜV Rheinland Photovoltaic Testing Center : Yeongnam University
▶▷
Materials, processing, component, end product and equipment
manufacturers are densely concentrated.
▶▷
Foreign Companies
Local Companies
Major Investors
Foreign Companies
Local Companies
Strategic
Industry
Automotive parts / Advanced Materials
10
11
Automotive Parts
Advanced Materials
Future-Oriented Intelligent Industries in GB
Advanced Materials are Key to Industrial
Technology in the 21st century
The automotive part industry is one of GB's key industries boasting trustworthiness and advanced technology. In
the future, the industry aims to create new values for the province by taking the initiative in hybrid part technologies.
The home of Korea's legendary steel industry, GB now aims at the advanced materials industry as its
future growth engine.
01
Favorable Investment
Conditions
Accessibility to Car Makers : Within 1 Hour
▶▷
Car makers : Hyundai (Ulsan), Renault-Samsung (Busan), GM (Changwon)
Convenient Logistics
▶▷
Wide-open export opportunities through international ports in Busan, Ulsan
and Pohang
Rich Pool of Automotive Talents
▶▷
5 universities including Yeongnam University
01
Korea's
Best Advanced
Materials Complex
260 Metal Companies in the Pohang Steel Industrial Complex
▶▷
4 Major Advanced Materials Industrial Clusters
▶▷
02
Global Supply Base for
Automotive Parts
Nanoelectronic materials, biomedical materials, advanced steels, energy
materials
Next-generation structural steels and high-functional new steels
Nation’s Largest Automotive Part Industrial Complex
▶▷
Key suppliers to the nation's core industries in Gumi (IT), Ulsan (automobile),
and Changwon (machinery)
55,000 employees in 1,163 companies. 29 companies with 100B+ annual
sales (27% of the nationwide total number)
▶▷
Carbon fiber, lightweight metals, intelligent metals and metal thin films
Wide-Area Mechatronics Cluster
Components : Gyeongju, Yeongcheon, Gyeongsan
Steel and machinery : Pohang, Gyeongju
▶▷ Electrics and electronics : Gumi
▶▷
▶▷
R&D and manufacturing base for intelligent automobiles and
hybrid parts
Korea’s first ITS-based intelligent car driving and component
testing center built in Daegu
03
Clustered Research
Institutes Covering the
Entire Value Chain of the
Automotive Industry
Materials
▶▷
Gyeongbuk Institute for Advancement of Eco-friendly Auto Parts
Technology (Gyeongsan), Gyeongbuk Hybrid Technology Institute
(Yeongcheon), Pohang Institute of Metal Industry Advancement (Pohang),
Daegu Gyeongbuk Automotive Parts Foundation (Daegu)
Processing
▶▷
Next Generation Mold Technology Innovation Center (Daegu Mechatronics
& Materials Institute), Regional Innovation Center for Automotive Part
Digital Design and Production (Catholic University of Daegu)
02
Optimum R&D,
Transport and
Logistics
Infrastructures
4 airports reachable within 1 hour (Pohang, Ulsan, Daegu and Gimhae
Airports)
▶▷ 3 highways (Gyeongbu, Daegu-Pohang, East Sea Highways) and 2 KTX stations
(Shingyeongju, Pohang)
▶▷ East coast ports (Pohang, Yeongilman, Ulsan, Busan)
▶▷
Gyeongbuk Research Institute of Vehicle Embedded Technology
(Yeongcheon), Mechatronics Center (Daegu)
Modular Parts
▶▷
Major Investors
Gyeongbuk Institute of IT Convergence Industry Technology, DMI
Mechatronics Parts Industrialization Center, Regional Innovation Center
for Automotive Mechatronics Parts
Foreign Companies
Local Companies
RIST, National Center for Nanomaterials Technology, POSTEC Steel Material
Technology Innovation Center, Steel Surface Treatment Technology Center
▶▷ 60+ enterprise-affiliated research institutes including the POSCO Technical
Research Laboratory
▶▷
Best Transportation and Logistics Infrastructures
Unit Parts
▶▷
Excellent R&D
Major Investors
Local Companies
Strategic
Industry
Aviation / Leisure Services
12
13
Aviation
Leisure Services
Vigorous Wingbeats towards an
Aviation Powerhouse
Optimum Investment Destination for
Nature-Inspired Service Industries
Hosting a Boeing Avionics Maintenance, Repair and Overhaul (MRO) Center, GB Grows as the Asian Hub
In terms of leisure services, GB's growth potential and development opportunities include its beautiful
for the Avionics Industry.
sceneries, the 300km-long Nakdong River, the Baekdudaegan Mountain Range and Nakdong tributary
mountains, and clean seas along the 400km-long shorelines.
01
01
Investment Conditions
Designated as a region specializing in the avionics industry
(November 2010)
Investment
Conditions
Waterfront Areas along the Nakdong River
▶▷
Sangju Reservoir in the Nakdong River and Gumi Reservoir in Seonsan
National Arboretums and Eco-Friendly Resorts Blessed by
the Baekdudaegan
Attracted the Boeing Avionics MRO Center to Yeongcheon
(September 2012)
▶▷
Opened the KITECH Avionics Components & System
Technology Center (June 2013)
Eco-friendly hostels, forest therapy complexes
Resorts Underpinned by the Clean East Sea
02
Orientations
Development of an Aerotechno Valley
▶▷
GB aims to establish foundations for avionics tests and evaluations and
create an industrial complex exclusive for the avionics industry and an
aerotechno valley as a global technical hub for avionics technology.
02
Candidate
Facilities
Eco-Friendly Theme Parks in the Nakdong Waterfront Areas
Family-Oriented Resorts and Eco-Farms
Private Enterprises, Universities and Training Facilities
Creation of an Industrial Complex Exclusive for the Avionics Industry
03
Military Aircraft
Private Aircraft
•Supplying military force in Daegu,
Yecheon, Yeongcheon, and Pohang
•Improving MRO technology
•Supporting military tests/certifications
Establishment of
Foundations for
Avionics Tests and
Evaluations
•Building an avionics complex
(LIG Nex1, Samsung Thales, etc.)
•Commercializing avionic components
•Exporting private aircraft components
MOUs Signed
in 2014
Construction of the Dong-A Socio Group training
center (March 18 2014)
Construction of a tourist resort in Mt. Juwang,
Cheongsong (March 27 2014)
Construction of a report in Mungyeong Saejae
(April 17 2014)
Korea Institute of Industrial Technology
Avionics Components & System Technology Center
Establishment of a tourism complex in
Yeongilman, Pohang (July 28 2014)
Construction of the Samsung Electronics Training
Center in Yeongdeok (July 30 2014)
Strategic
Industry
BIO
14
15
Biotechnology
Center of the World’s
Biotechnology
03
Andong
Bio-Industry Valley
Gyeongbuk Bio Industrial Complex
▶▷
▶▷
With bio R&D facilities, specialized research areas and well-prepared industrial infrastructures, GB is
▶▷
wide open to investors all around the world!
Location : Pungsan-eup, Andong
Area : 941,000㎡
Types of Business : Vaccine, Oriental medicine biotechnology, environmental industries,
agriculture and food
Bio Venture Plaza
Location : Gyeongbuk Bio Industrial Complex
Area : Land 27,000㎡, buildings 6,000㎡
▶▷ Types of Business : GMP facilities and factory apartments to manufacture health
functional foods
▶▷
▶▷
01
Industrial
Infrastructures
Gyeongbuk Institute for Bio Industry
Education
▶▷
Location : Songcheon-dong, Andong
▶▷ Area : Land 33,000㎡, buildings 8,000㎡
▶▷ 100 employees in 28 companies
▶▷ Research Areas : Plant related bio industries, functional foods, biotechnology, etc.
▶▷
6 medical schools, 4 pharmaceutical schools, 1 dental school, 11 science
colleges
General Hospitals
▶▷
26 hospitals (15 in Gyeongbuk, 11 in Daegu)
Research Institutes
▶▷
POSTECH Biotech Center (Pohang), Gyeongbuk Institute for Bio Industry
(Andong), Institute for Korea Traditional Medical Industry (Gyeongsan),
Gyeongbuk Maritime Bio Industry Research Center (Uljin)
Key Locations
▶▷
Gyeongbuk Bio Industrial Complex (Andong), Pohang Technopark (Pohang),
Gyeongbuk Technopark (Gyeongsan), High-tech Medical Complex
04
Institute for Korea
Traditional
Medical Industry
▶▷
▶▷
▶▷
Location : Gapje-dong, Gyeongsan
Area : 10,000㎡
Types of Business : R&D, Oriental medicine & high-tech
convergent technology
05
02
Pohang
Bio-Industry Valley
POSTECH Biotech Center
Daegu Gyeongbuk
High-Tech
Medical Complex
Project Period : 2009~2038 (30 years)
Budget : 4.6 trillion KRW
Location : POSTECH campus, Pohang
Facilities : Biotechnology research center, life science labs, chemistry labs
▶▷ Research Areas : Molecular medicine, nano- and plant-biotechnology
▶▷ Partnerships with BT labs and global companies at home and abroad
Establishing R&D foundations for new drugs, medical devices,
clinical trial centers, etc.
Pohang Technopark
▶▷
▶▷
▶▷
Location : Jigok-dong, Pohang
Area : Land 187,000㎡, buildings 64,000㎡
▶▷ 450 staff in 59 companies
▶▷ Major projects : Joint R&D, business incubation, education and training
▶▷ Pohang Bioinformation Support Center
•Equipped with facilities to support verifying the effects of biomaterials
Nurturing medical industries in connection with high-tech medical
complex areas
Pohang : New medicine, Micro-medical devices
Gumi : IT convergent medical devices, Electronic medical devices
▶▷ Gyeongsan, Yeongcheon : Novel Oriental medicine, Cosmetics
▶▷ Andong : Functional foods, Silver medicine, Novel biomedicine
▶▷
▶▷
▶▷
Major Investors
Major Companies
03
Industrial Complex
Industrial Complex
Center of the Region’s Economic
Development
GB offers industrial complexes with the best environments for businesses, thereby helping them improve
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
their international competitiveness and contributing to the development of the national economy.
01
03
Pohang Blue Valley
Gumi Hitech Valley
Project Overview
Project Overview
Location : Guryongpo, Donghae and Janggi-myeon
areas in Pohang
▶▷ Period : 2008~2019
▶▷ Area : 6,200 thousand㎡
▶▷
▶▷
Budget : 1,142 billion KRW
▶▷ Types of Business : Steel, Machinery, Shipbuilding,
Automotive parts, Energy
▶▷ Expected to open in 2016
Location : Haepyeong and Sandong-myeon areas in Gumi
Period : 2008~2014
▶▷ Area : 9,340 thousand㎡
▶▷
Budget : 1,808.2 billion KRW
Types of Business : Electronic information,
Mechatronics, Advanced materials,
Eco industries
▶▷ Expected to open in 2014
▶▷
▶▷
▶▷
02
04
Gyeongju Gueo 2nd
Industrial Complex
Gimcheon 1st
Industrial Complex (Step 2)
Project Overview
Project Overview
▶▷
Location : San 89-1 Gueo-ri, Oedong-eup, Gyeongju
▶▷ Period : 2013~2015
▶▷ Area : 800,000㎡
▶▷
Types of Business : Metal processing, Other machinery
and equipment, Automobiles,
Trailers, Transport equipment
▶▷ Expected to open in the first half of 2014
▶▷
▶▷
Location : Namsan-ri, Eomo-myeon, Gimcheon
▶▷ Period : 2011~2014
▶▷ Area : 1,420 thousand㎡
Types of Business : Electrics and electronics, Food and
beverage, Non-metal minerals,
Chemicals, Automotive parts and
trailers
▶▷ Expected to open in the second half of 2014
▶▷ Major Companies : KCC, Kolon Life Science, SMT Korea,
NanoKor, Yonghae Foods, BioLight,
Total Emission Solution Korea, JH
Chemicals, Dooyang Industries
16
17
Industrial
Complex
Industrial Complex
05
07
Andong Gyeongbuk
Bio Industrial Complex
Donggoryeong
Industrial Complex
Project Overview
Project Overview
▶▷
Location : Goejeong-ri and Maegok-ri areas in Pungsaneup, Andong
▶▷ Period : 2004~2010
▶▷ Area : 940,000㎡
▶▷
Types of Business : Bioindustries, Food and beverage,
Electric and electronic components,
Non-metal minerals, Medical and
pharmaceutical ingredients
▶▷ Major Companies : 18 companies including Gyeongbuk
Bio Venture Plaza, SK Chemical, OKF,
Hahoe Fisheries Industry and
Daegam Food.
▶▷
▶▷
Location : Bakgok-ri and Mugye-ri areas in Seongsanmyeon, Goryeong
▶▷ Period : 2003~2015
▶▷ Area : 750,000㎡
Types of Business : Processed metal products, Other
machinery and equipment, Electric
equipment, Automobiles and trailers,
Storage and transport services
▶▷ Expected to open in the second half of 2014
06
08
Mungyeong Singi 2nd
Industrial Complex
Seongju 2nd
Industrial Complex
Project Overview
Project Overview
Location : 740 Singi-dong, Mungyeong
▶▷ Period : 2008 ~2015
▶▷ Area : 430,000㎡
▶▷ Types of Business : Electronic components, Computer,
A/V and communication devices (26),
Medical, Precise, Optometric devices
and watches (27), and other
Machinery and equipment (29)
▶▷ Expected to open in 2014
▶▷
▶▷
Location : Haksan-ri and Geumsan-ri areas in Seongjueup, Seongju
▶▷ Period : 2012~2016
▶▷ Area : 940,000㎡
Types of Business : Automotive parts, Metal assembly,
Machine equipment, Electrics and
electronics, Other manufacturing
▶▷ Expected to open in 2015
▶▷ Major Companies : Seongju Industrial Complex
(Korea Powertrain, PHC Valeo)
▶▷
18
19
04
Parts & Material Complex
Parts & Materials Specialized Complexes
A Forest of Global Enterprises
GB established specialized industrial complexes, thereby offering customized foundations to
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
20
21
attract investment.
01
02
Pohang Parts &
Materials Complex
Gumi Parts &
Materials Complex
Complex Details
Complex Details
Location : Pohang Yeongilman Port Hinterland Industrial Complex
▶▷ Area : 327,000㎡
▶▷
Types of Business : Advanced materials,
Automotive parts
▶▷
▶▷
▶▷
Location : Gumi 4th National Industrial
Complex
▶▷ Area : 255,000㎡
Types of Business : IT, Electric and electronic
components, Renewable
energy components
Investment Conditions
Location
•Daegu-Pohang Highway and 3 railways
including Donghae Nambu Line
•Pohang Yeongilman Port (capable of
processing 240,000TEUs per year), Busan
and Ulsan International Ports
•Close to Pohang, Daegu, and Gimhae
International Airports
•To house the DGFEZ and the Pohang
National Industrial Complex
▶▷ Business Environment
•Low material and logistic costs thanks to the
presence of POSCO and other local steel
companies
•Excellent R&D foundations to support
materials and automotive industries
•Presence of large shipbuilders and car makers
leads to the development of relevant industries
▶▷
Major Investors
Investment Conditions
Location
•Well-developed road network of 5 highways
(Gyeongbu, Jungbu Inland, etc.)
•90 minutes from Seoul via KTX. Close to the
Yeongnam Inland Cargo Complex
•1-hour access to air (Daegu, Gimhae) and
sea (Pohang, Busan) transport networks
•To house the DGFEZ and the Gumi National
Industrial Complex
▶▷ Business Environment
•Asia's largest IT component and material
cluster
•1,800 IT component companies, 50 Japanese
companies
•Focusing on renewable energies such as
secondary cells and photovoltaics as growth
engine industries
▶▷
Major Investors
investment
05
Investment
Foreign Investment Zone
GB is Open to Global Investors!
GB dreams of being a global economic hub. Its foreign investment zones are designed to offer the
best business environments for foreign enterprises, thereby contributing to the improvement of
national competitiveness and vitalizing the local economy by attracting global companies with
strong job creation effects.
Gumi 4th National Industrial Complex
(Foreign Investment Zone)
Project Overview
Location : Okgye-dong and Sandong-myeon areas in Gumi
Period : 1996~2010
▶▷ Area : 6,800 thousand㎡
▶▷
▶▷
Budget : 690.5 billion KRW
Types of Business : Electronics, Computer, Semiconductors, Mobile, Display, etc.
▶▷ Foreign Investment Zone (Complex type, Component type)
•Areas occupied : 330,000㎡
•Areas available : 160,000㎡
▶▷
▶▷
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
+
22
23
22
23
06
Incentive
Incentive
24
25
The Best Incentives for Your
Maximum Investment Returns!
01
Major Incentives
02
Foreign Investment Support
Investment Subsidies
Types of Foreign Investment Zones
Eligibility
Type of Subsidy
Facility Investment Subsidy
•Investment of 2B + KRW and
Large Investment Subsidy
•Investment of 100B + KRW (100M+ USD)
20+ full time employees
Amount
•Up to 5B KRW within 20% of the total
investment
Type
Complex
•Hiring 20+ new employees,
subject to fund availability
foreign investment
•Up to 10B KRW
companies
•Businesses satisfying the following
Individual
Employment Subsidy
Education and Training Subsidy
Type of Occupancy
•Certain areas are designated to •Manufacturers with 30+% foreign •Occupied by multiple companies
attract small/medium foreign
investor share, 100M+ KRW •Exclusive for foreign invested
investors
or 500+ full time employees
Eligibility
Location
•Up to 1M KRW per head for up to 6 months.
•Areas are designated upon large
investors' request
Up to 600M KRW per company
•Occupied by a single company
minimum investment requirements
•Exclusive for foreign invested
(Manufacturing: $30M; tourism:
companies
$20M, logistics: $10M)
Incentives for Foreign Investors
Tax Exemptions
Category
Details
Category
Companies Moving from
the Capital Region
•Corporate tax : 100% exempted for 7 years and 50% for 3 years thereafter
•Acquisition tax : Exempted
•Property tax : 100% exempted for 5 years and 50% for 3 years thereafter
Rent Exemption
Details
•High-tech industries ($1M+) : 100% exempted
Complex Type •Components and materials ($5M+) : 100% exempted.
•General manufacturing ($5M+) : 75% exempted
Individual Type •100% exempted
Companies Moving to
Industrial Complexes
•Acquisition tax : Exempted
•Property tax : 100% exempted for 5 years
•Corporate, income taxes : 100% exempted for 5 years and
•Industrial support service
industries
•High-tech industries
50% for 2 years thereafter
•Acquisition, registration, property taxes : 100% exempted for 15 years
•Customs, individual consumption and value added taxes :
100% exempted for 5 years
Administrative Support Services
Tax Exemption
Details
Category
Administrative Support Task Force
Project Managers (PMs)
Industrial Infrastructure Support
Happy Monitor
Corporate Visit Program
One-stop services from building approvals to licensing
Customized services from land purchases to factory operations
Thorough industrial infrastructures to support business activities
Permanent communication system for investors to help them resolve their problems
Field visits for trouble shooting
Complex Type
•Corporate, income taxes : 100% exempted for 3 years and
50% for 2 years thereafter
•Manufacturing ($10M+)
•
Acquisition,
registration,
property
taxes : 100% exempted for 15 years
•Logistics, Distribution ($5M+)
•Customs : 100% exempted for 5 years
•Corporate, income taxes : 100% exempted for 5 years and 50% for 2 years thereafter
Individual Type •Acquisition, registration, property taxes : 100% exempted for 15 years
•Customs, individual consumption and value added taxes : 100% exempted for 5 years

Download Report