인쇄

Incentives

  • Saemangeum Business Area
  • Free Economic Zone

Benefits for Foreign-Capital Invested Companies*

(“foreign-capital invested company” shall refer to a company a foreign investor has financed, Foreign Investment Promotion Act (Republic of Korea) by Ministry of Legislation;
hereinafter referred to as ‘foreign-invested company’)

A. Tax Reduction and Exemption

A. Tax Reduction and Exemption
Type Benefits
National Tax Tariff, Corporate tax, Income tax

Reduction and exemption of national/local tax

Period, rate and other details will be decided by related laws

Local Tax Acquisition tax, Registration tax, Property tax

B. Support for Business Environment

외국인투자기업에 대한 경영환경지원내용
Category Benefits
Use of national and public
properties
Business site support
  • Use, leasing and any sale or disposal of national property by foreign-invested companies
    available through a private contract
Extension of due dates and split payments
Rent reduction for national
and public properties
Reduction rate
  • National property: up to 100% of rent
  • Public property: the rent may be reduced according to local government regulations
※ National/Public properties Rent: value of national/public properties X 10/1000 rates
Lease of national and public
properties or buildings
Lease period
  • up to 50 years /extension available up to 50 additional years
Construction of permanent facilities
  • Construction of factory and other permanent facilities available
    (Restoration after the lease contract is terminated)
Financial support
  • Site development for foreign-invested companies
  • Reduction of rent
  • Development of various convenience facilities for foreigners(medical facilities, educational facilities, housing etc.)
Category Benefits
Housing for foreigners(foreign-invested companies)
  • For foreign non-homeowners
    ; Workers of foreign-invested companies, foreign educational institutions, foreign medical centers, foreign pharmacies,
    nursing homes for foreigners’ children, foreign schools and international organizations within the Saemangeum Area
Foreign language services
  • Publication, reception and handling of official documents (in English or other languages)
  • Interpretation and translation services
  • Administrative support for foreigners (treatment of civil petitions by foreign investors)
Establishment and operation of foreign educational institutions
  • Establishment of foreign educational institutions permitted(elementary school, secondary(middle/high) school, college)
  • Support for land purchase, facility construction and fundraising for school operation, site grant
Foreign medical centers, foreigners-only pharmacies
  • Establishment of foreign medical institutes permitted(general hospital, medical clinic, dental clinic, rehabilitation institution)
  • Establishment of pharmacies for foreigners only allowed
Retransmission of foreign broadcasts
  • Within Industrial Area, Tourism area, etc.
  • Number of foreign broadcast channels : up to 30% of each type of media (TV, radio, data broadcasting)
Childcare facilities for foreigners’ children
  • Establishment and operation of childcare facilities for foreigners’ children
  • National and local governmental support on social welfare corporations
International education program
  • Launch of foreign college degree/non-degree education program

C. Improvement of Settlement Conditions

  • Approval of Implementation Plan Agendas
  • Reduction of Levies
  • Subsidies to Promote Businesses
  • Lease of national/ public land and buildings
  • Support for Private Developers
For additional information, please contact:
KASDI (Korea Agency for Saemangeum Development & Investment Investment Attraction & Cooperation Division
www.kasdi.go.kr
Nara Ohk
+82-44-415-1069
+82-10-8276-0675
yesunara@korea.kr
Minaha Kim
+82-2-2198-3353
+82-10-3018-3257
iwadif@korea.kr