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Foreign Direct Investment

Supreme Location

  • Heart of Korea : Within 2 hours away from Anywhere in Korea
  • Gateway to Northeast Asia :
    Within 2 hours away from Major Northeast Asian Cities
  • Tokyo, Beijing, Shanghai, Vladivostok, Taipei, etc.

Optimal Investment Condition

  • Low investment cost : Exemption from national tax, duties, local tax and Incentives for land purchase
  • Stable labor-management relations : Subsidies for recruitment and job training
Tax
Exemption
  • National Tax : 100% on corporate tax and income tax for 5 years, followed by 50% cut for additional 2 years
  • Duty : 100% exemption on capital goods brought in within 3 years
  • Local Tax : 100% exemption on acquisition, registration, and property tax for 15 years at most
Subsidies
  • Recruitment & Job Training : Subsidy up to USD 300,000 for each company
  • Facility : Subsidy up to USD 200,000s
  • Compensation for Land Purchase : Subsidy up to 50%
Land Support
  • National & Public Land : Lease for 20~50 years
  • Foreign Investment Zone : Infrastructure support such as road and water facilities.

Convenient Infrastructure Facilities

  • Bases for large-scale industries : 13 industrial complexes for automobile, display materials, iron & steel, petrochemicals, etc.
  • Fully-furnished infrastructure for transportation & logistics : 5 ports, 3 railways and 1 high-speed railway, 5 highways and 2 airports

Province' Firm will to Provide Service

  • One-stop service
  • Customized "Person to Person" support assisted by a designated project manager
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2011 ChungNam, Korea Product Show
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