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Investment Information

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Free Economic Zone

Free Economic Zone
Description Free Economic Zone
5-Year Type Incentive 7-Year Type Incentive
Legal Basis Special Act on Designation and Operation of Free Economic Zone
Eligibility Domestic company or joint enterprise having foreign equity more than 10% or 100% foreign investment company
Subject for Support Foreign investment company
Requirement for Tax Reduction
  • Manufacturing, Tourism Business: $10 million or more
  • Logistic business, foreign medical institution: $5 million or more
  • R&D : $1 million and having 10 or more permanent researchers having master degree or higher
  • Development Business: $30 million or more of foreign investment amount or $500 million or more of total business cost with the foreign investment proportion of 50% or more
  • Manufacturing business: $30 million or more
  • Tourism: $20 million or more
  • Logistic business: $10 million or more
  • R&D: $2 million or more and employ 10 or more permanent researchers having mater degree or higher
National Tax
  • Exonerate the duty for 5 years (imported capital goods)
  • Exonerate 100% of corporation tax and income tax for 3 years and 50% for following 2 years
  • Exonerate the duty, special excise tax and surtax for 5 years
  • Exonerate 100% of corporation tax and income tax for 5 years and 50% for following 2 years
Local Tax Exonerate the acquisition tax and registration tax for 15 years
Exonerate the property tax for 7 years and 50% for following 3 years
Exonerate the property tax for 15 years

Free Trade Zone

Free Trade Zone
Description Free Economic Zone
Legal Basis Act on Designation and Operation of Free Trade Zone
Eligibility Domestic company or joint enterprise having foreign equity more than 10% or 100% foreign investment company
Subject to be supported Foreign investment company
Requirement for tax resuction Manufacturing business: $10 million or more, logistic business: $5 million or more
Tax reduction
  • Exonerate 100% of the corporation tax, income tax, acquisition tax, registration tax, property tax, aggregate land tax for 3 years and 50% for following 2 years (Article 9 of Foreign Investment Promotion Act and Paragraph 2 of Article 121 of Special Tax Treatment Control Act)
  • Exonerate the duty for the foreign products bring into the FTZ of tenant company
  • Apply zero tax rate of VAT for the domestic products brought in by the tenant company and the transactions between the companies within FTZ
  • Exonerate provisional import surtax, liquor tax, special excise tax, traffic tax, special tax for rural development, education tax (Article 45 of Free Trade Zone Act)
Rent Monthly 43 won / ㎡ / for 50 years (Shinhang North side hinterland site)

Foreign Investment Zone

Foreign Investment Zone
Description Foreign Investment Zone
Complex Type Individual Type
Legal Basis No. 1, Paragraph 1 of Article 18 of Foreign Investment Promotion Act No. 2, Paragraph 1 of Article 18 of Foreign Investment Promotion Act
Designated Location Within industrial complex of free economic zone No restriction (However, surround area of industrial cluster is preferred)
Eligibility 100% foreign investment company or joint enterprise having foreign equity more than 30% 100% foreign investment company or joint enterprise having foreign equity more than 30%
Requirement for Tax Reduction
  • Manufacturing business: $10 million or more
  • Logistic business: $5 million or more
  • Manufacturing business: $30 million or more
  • Tourism: $20 million or more
  • Logistic business: $10 million or more
  • R&D: $2 million or more
National Tax
  • Exonerate the duty for 5 years (imported capital goods)
  • Exonerate 100% of corporation tax and income tax for 3 years and 50% for following 2 years
  • Exonerate the duty, special excise tax, surtax for 5 years
  • Exonerate 100% of corporation tax and income tax for 5 years and 50% for following 2 years
Local TAx Exonerate the acquisition tax and registration tax for 15 years
Exonerate the property tax for 7 years and 50% for following 3 years
Exonerate the property tax for 15 years
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