1. IFEZThe economic frontline of the
Pan-Yellow Sea region and global
business frontier!
Homepage : http://www.ifez.go.kr
Tel : 032-453-7314
Contacts
The economic frontline of the Pan-Yellow Sea region and global business frontier!
Incheon Free Economic Zone (IFEZ), the business hub of NortheastAsia, is home
to Incheon International Airport, which was ranked first in airport service quality
by the Airports Council for 11 consecutive years and Incheon Port, which has the
most optimum conditions for handling large-sized freight, and is the best place for
global business designed as an eco-smart city for cutting-edge knowledge-based
service industry and state-of-the-art convergence industry.
Incheon
Free Economic Zone
Advantages
Area 123.9㎢
Anticipated population 536,000
Development period 2003 to 2020
Global business frontier city
- IFEZ, the global economic platform for the establishment of the Pan-Yellow
Sea economic region.
- IFEZ, the hub of service industries that link global education, R&D, MICE
and tourism, finance and knowledge services, marine leisure, cultural and
art content, and advanced logistics.
- IFEZ, the hub of the convergence industry focused on the bio medical
industry, convergence of state-of-the-art technologies and cutting-edge
automobile industry.
- IFEZ, a "smart city" enabled with U-City, specialization of environmentally-
friendly landscapes, is a low-carbon and energy-saving city.
Global business city chosen by international
organizations and leading companies
- Thirteen international organizations including the Green Climate Fund,World
Bank and A-WEB. (Association ofWorld Election Bodies)
- Most attractive city for entering the markets of East Asia that has already
attracted 80 global enterprises of 16 nations, including Samsung BioLogics,
Celltrion, Boeing, BMW and GM.
Center of logistics and transportation
- Incheon InternationalAirport, a NortheastAsian hub, was ranked first in airport
service quality by theAirports Council for 10 straight years.
- Incheon is a state-of-the-art port that can handle 12,000 TEU mega cargo
ships.
- The transportation network connects Incheon to Seoul and the metropolitan
area within one hour.
Best living environment for quality life
- A global education environment is ensured with high-quality education
services including top universities like the State University of New York,
George Mason University, the University of Utah and Belgium’s Ghent
University.
- Smart city environment equipped with ubiquitous system.
- Low-carbon, energy-saving city specialized with environmentally-friendly
landscape.
Major resident companies
● HuneedTechnologies, a U.S. aerospace industry R&D center and
manufacturing facilities
● TOKAdvanced Materials, a Japan research center and manufacturing facility
for electronic materials used in semiconductors and LCDs
● Schenker Korea, a German airport logistics complex
● AMB Incheon Logistics Facility, a U.S. & Singapore Logistics center
● Celltrion Inc. : U.S._Biopharmaceuticals manufacturing and research
● GM Korea : U.S._CTT and R&D
● AmkorTechnology Korea : U.S._Manufacturing facilities and R&D center for
next-generation semiconductor packaging
● CJ Systems : Korea_Global R&D Center
● Siemens Germany: USN semiconductor
175, Art center-daero,Yeonsu-gu, Incheon, Korea
(Songdo-dong)

2. ● Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 years
First 3 years :
100% exemption,
The following 2 years : 50%
reduction
First 5 years :
100% exemption,
The following 2 years : 50%
reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Covers factory and research facility construction costs
Educational
training,
employment
subsidies
·Subsidies will be up to 500,000 won per person,
for maximum of 6 months. The total maximum of
subsidies will be 500 million won per company
Relieffromcontrol
on labor affairs
·Not obliged to fill vacant job positions with persons
of national merit, the disabled, or the elderly
·Unpaid leave, including unpaid menstrual leave, is
permitted
·May expand the type of work and terms of
dispatched worker assignments
Improvements of
living conditions
for foreigners
·Foreign educational institutions can be established
and operated
·Opening and operating foreign medical institutions
or foreigner-only pharmacies will be permitted
·Opening foreigner-only casinos will be allowed for
foreign investors that invest more than $500 million
Re-transmission of foreign broadcasting channels
will be allowed through local cable networks
·Free foreign currency exchange is allowed up to a
limit of $20,000 in direct payment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)
● Acquisition tax : 100% tax exemption for up to 15 years in accordance with
local ordinances
● Property tax :Tax reductions for up to 15 years in accordance with local
ordinances
● Lease fees for government or publicly owned land will be reduced by 50
percent, 75 percent or 100 percent, depending on eligibility of companies.
● Government or publicly owned land can be leased for up to 50 years.
● Government or publicly owned land can be used for a private contract,
profits, loans, or sales
● Costforestablishinganinfrastructurewillbesupported50percentor100percent
The IFEZ is being developed in three districts
- Songdo,Yeongjong and Cheongna
Songdo
Global base for high-tech knowledge service
- Area : 53.4㎢
- Location : Songdo-dong,Yeonsu, Incheon
- Project cost : 21trillion and 544.2 billion won
- Development plan : International business, IT, BT, R&D
- Major facilities : international business district, knowledge and
information industrial complex, Incheon global campus, logistics
hub, high-tech industrial complex
IFEZ will become the center of
International Organizations in Asia
The Secretariat of the Green Climate Fund (GCF), the “World Bank of
the Environment”, and theWorld Bank, the largest international financial
organizations, both settled in IFEZ.
Other international organizations and United Nations organizations, such
as the Association of World Election Bodies (A-WEB), an association of
150 election management bodies in the world, established under the
lead of Korea, are striving to achieve greater value in IFEZ.
Yeongjong
Tourism and leisure city with Incheon International
Airport nearby
- Area : 61.7㎢
- Location :Yeongjong,Yongyu-dong, Jung-gu, Incheon
- Project cost : 19 trillion and 710.6 billion won
- Development plan : Aviation, logistics, leisure, tourism
- Major facilities : Incheon International Airport, Midan City
Integrated Resort, BMW Driving Center,Wangsan Marina
Cheongna
New business town where industrial and
residential areas coexist
- Area : 17.8㎢
- Location : Around Gyeongseo-dong,Yeonhui-dong,Wonchang-
dong, Seo-gu, Incheon
- Project cost : 6 trillion and 707.1 billion won
- Development plan : Finance, leisure, tourism, high-tech industry
- Major facilities : Hana FinancialTown, Shinsegae Integrated
Shopping Mall, Robot Land, Incheon HighTech Park, CityTower
Major Achievements of IFEZ
in the Past 13 Years
People
253,465
People
4,281
Park
144 School
88
Hotel
14
Foreign-invested
company
80
Residentcompany
1,737
ProjectexpensesforForeigninvestmentattraction
73billiondollars
25,778
415 0 03
317
2016.06
2016year2003year
International Organizations
- GCF Green Climate Fund
- A-WEB Association ofWorld Election Bodies
- WBTheWorld Bank
- Songdo Library of International
- Organizations UN Depository Library
- AFOB Asian Federation of Biotechnology
- NEASPEC Secretariat of the North-East Asian Subregional Programme for
Environmental Cooperation
UN Organizations
- UN ESCAP UN Economic and Social Commission for Asia and the Pacific
- UN-APCICT UN Asian and PacificTraining Centre for Information and
CommunicationTechnology for Development
- UN ISDR (ONEA) UN Office for Disaster Risk Reduction Northeast Office
- UN ISDR (GETI) UN Office for Disaster Risk Reduction International DisasterTraining
- UN CITRAL UN Commission on InternationalTrade Law
- EAAFP East Asian-Australasian Flyway Partnership
- UNOSD UN Office for Sustainable Development
International
Organizations Hub

3. BJFEZInternationally Competitive
Logistics Hub
Homepage : http://www.bjfez.go.kr
Tel : 051-979-5000 / 055-320-5000
Investment consultations :
Busan 051-979-5171
Gyeongnam 055-320-5231
Contacts
Advantages
Busan-Jinhae
Free Economic Zone
The Busan New Port is Korea’s largest logistics hub, connected to major
ports in Japan, China and Russia, handling the world’s sixth-largest cargo
volume. Busan and Jinhae are also top summer vacation destinations
and have hosted prestigious international events.This center of global
business has an industrial cluster for shipbuilding, car-making and
machinery, as well as being a center for tourism and leisure.
International logistic hub
- Busan connects major feeder ports including 63 in Japan, 40 in China and 6
in Russia, handling transshipment for imports and exports.
- It has Busan-Gimhae International Airport, which won theTop Asian Airport
Efficiency Excellence Award in 2014, offering a logistical advantage.
- The New Port will have a total of 45 container berths with the capacity to
handle more than 22 millionTEUs.
Globally competitive industrial infrastructure
- Approximately 90 percent of Korea’s shipbuilding companies are located in
the Busan area. They include Hyundai Heavy Industries, Samsung Heavy
Industries, Daewoo Shipbuilding & Marine Engineering and STX.
- More than 50 percent of Korean automobiles are manufactured in Busan.
The automakers in Busan include Hyundai Motors, GM Korea and Renault
Samsung Motors.
- Around 40 percent of Korea’s machinery and mechatronics companies
are located in Busan. Eighty percent of the local aviation parts supply is
produced here.
Huge pool of the best human resources
- World-class education institutes including Germany’s FAU.
(Graduate program)
- Massive market and high-quality labor available from the nearby consumer
market of 8 million.
Vacation destination with rich culture, history and
natural environment
- Large-scale tourism and leisure complex composed of a golf course, hotels,
resorts and an amusement park.
Center of global business
- Establishment of legal district.
- Attracted foreign schools, medical centers and research centers.
- Construction of shopping complex.
Major resident companies
● Wilo Pump : Germany_manufacturing pumps and systems for building
services and industrial applications
● TsubakiautoAutomotive Korea Co. : Japan_manufacturing automobile's
engine parts
● Hoganas Korea Production: Sweden-manufacturing powdered metals
● Sondex Korea_Denmark_Manufacturing heat exchangers
● SKF Korea-Sweden: Manufacturing automobile parts
● Bosch Rexroth-Germany: Manufacturing machine parts
● LSMetalCo.:Korea_manufacturingcoppertubesandpipes,stainlesssteelpipes
● LG CNS Data Center : Korea_information services
Area 51.2㎢
Anticipated population 182,000
Development period 2003 to 2020
38-26, Noksansandan 232-ro, Gangseo-gu, Busan, Korea
(Songjung-dong)

4. The BJFEZ is being developed in five districts
- New Port,Myeongji,Jisa,Dudong and Ungdong
● Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 years
First 3 years :
100% exemption,
The following 2 years : 50%
reduction
First 5 years :
100% exemption,
The following 2 years : 50%
reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Covers factory and research facility construction costs
Educational
training,
employment
subsidies
·Subsidies will be up to 500,000 won per person,
for maximum of 6 months. The total maximum of
subsidies will be 500 million won per company
Relieffromcontrol
on labor affairs
·Not obliged to fill vacant job positions with persons
of national merit, the disabled, or the elderly
·Unpaid leave, including unpaid menstrual leave, is
permitted
·May expand the type of work and terms of
dispatched worker assignments
Improvements of
living conditions
for foreigners
·Foreign educational institutions can be established
and operated
·Opening and operating foreign medical institutions
or foreigner-only pharmacies will be permitted
·Opening foreigner-only casinos will be allowed for
foreign investors that invest more than $500 million
Re-transmission of foreign broadcasting channels
will be allowed through local cable networks
·Free foreign currency exchange is allowed up to a
limit of $20,000 in direct payment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)
● Acquisition tax : 100% tax exemption for up to 15 years in accordance with
local ordinances
● Property tax :Tax reductions for up to 15 years in accordance with local
ordinances
● Lease fees for government or publicly owned land will be reduced by 50
percent, 75 percent or 100 percent, depending on eligibility of companies.
● Government or publicly owned land can be leased for up to 50 years.
● Government or publicly owned land can be used for a private contract,
profits, loans, or sales
● Costforestablishinganinfrastructurewillbesupported50percentor100percent
New Port
International business complex for logistics,
retail and shipping
- Area : 4.5㎢
- Location : Around Gangseo-gu, Busan andYongwon-dong, Jinhae-gu,
Changwon
- Project cost : 1 trillion and 76.2 billion won
- Development plan : Logistics, manufacturing and retail
- Major facilities : Busan port
Jisa
High-tech manufacturing and R&D hub around
the Busan Science & Industrial Park
- Area : 7.4㎢
- Location : Around Jisa, Songjeong and Mieum-dong, Gangseo-gu,
Busan
- Project cost : 1 trillion and 89.3 billion won
- Development plan : Cutting-edge manufacturing, R&D center
- Major facilities : International campus of Germany’s FAU, digital
production technology support center, research support center for
high-tech components
Dudong
Eco-friendly housing, logistics and R&D
- Area : 2.6㎢
- Location : Dudong, Jinhae-gu, Changwon, South Gyeongsang
Province
- Project cost : 628.2 billion won
- Development plan : Mechatronics, R&D, University campuses
- Major facilities : Dong-A University, Bobae Research District,
Munhwa Cultural District
Myeongji
International city with production base for air
logistics and high-tech components
- Area : 9㎢
- Location : A designated area of Myeongji, Shinho and Daejeo-dong,
Gangseo-gu, Busan
- Project cost : 3 trillion and 655.2 billion won
- Development plan : International business, housing, foreign schools and
medical institutions
- Major facilities: logistics base for the continent, supply base for high-tech
components and materials
Ungdong
Hub of tourism, leisure and logistics
- Area : 9.2㎢
- Location : Around Ungdong, Namyang, Nammoon-dong, Jinhae-gu,
Changwon, South Gyeongsang Province
- Project cost : 2 trillion and 210.6 billion won
- Development plan : Leisure and vacation facilities, logistics
- Major facilities : Global theme park, complex for logistics and retail,
international schools
Declared FDI amount
(USD million)
2016.07
Total
2031.5
High-tech industry
Cases:55
Amount:1235.3
New port construction
Cases:2
Amount:402.2
Logistics
Cases:62
Amount:254.3
Education·medical
Cases:1
Amount:20
Tourism·leisure
Cases:2
Amount:62
Etc.
Cases:3
Amount:57.7

5. GFEZ
Gwangyang Bay Area
Free Economic Zone
Best Industrial Infrastructure
in Northeast Asia
Homepage : http://www.gfez.go.kr
Tel : 061-760-5114
Investment consultations : 061-760-5561
Contacts
Advantages
Best shipping logistics base in NortheastAsia
- The Gwangyang Bay Area is located on the world’s largest China-North
America sea route, as well as on the mainsea routes of Northeast Asia and
the Pacific Ocean.
- The zone has the closest port in Korea to major ports in Northeast Asia, such
as Shanghai, Hong Kong, Osaka and Kaohsiung, making it an ideal location
for shipping transport.
- The sea has a maximum depth of 41 meters, allowing the entry and departure
of mega vessels weighing more than 300,000 tons.
- The zone is positioned to be thestarting point for overland transport between
Northeast Asia and Europe, and between Northeast Asia and Central Asia
when connected to theTrans-Siberian Railway,Trans-Manchurian Railway and
Trans-China Railway.
Excellent industrial infrastructure
- The GFEZ has an internationally advantageous port handling up to 272 million
tons of cargo a year as of 2015.
- It is equipped with stable industrial infrastructure on 189.6㎢ of industrial
land, which accounts for 13.52 percent of the total area of all Korean industrial
districts.
- The zone is adjacent to POSCO’s Gwangyang Steel Mill and the Yeosu
National Industrial District.
- It nurtures 8,000 high-quality workers a year through 38 educational
institutions nearby.
Gateway to Northeast Asia via ports, airports, roads
and railways
- FourairportsinYeosu,Sacheon,GwangjuandMuanarewithin1hourofthezone.
- Metropolitan areas are reachable within 3 hours via five highways, eight roads
and 18 local roads.
- Via KTX, Seoul is reachable within 2 1/2 hours.
Comfortable living environment
- The area will provide international education through foreign schools. In
March 2017, it aims to open an international campus of the U.K.’s Aberdeen
University.
- It has 634 general and smaller hospitals with more than 7,000 beds for
comfortable medical services.
- The GFEZ provides favorable living conditions with cyclic ecology passages
and golf courses.
- It has abundant tourism and cultural resources, includingYeosu Expo Ocean
Park, Suncheon Bay National Garden, nine national and provincial parks and
270 national treasures and cultural heritage sites.
Major resident companies
● Hyundai Glovis-Korea Logistics
● SNNC-Increased investment for a ferronickel manufacturing facility
● Dongbu Complex Logistics-Logistics
● POSCO : Korea_Steel
● CJ Korea Express Corp. : Korea_logistics and distribution
● Hyundai Steel : Korea_Steel
● GS Caltex : Korea_Energy
● Kumho Mitsui Chemical : Korea/Japan_Petrochemicals
The Busan New Port is Korea’s largest logistics hub, connected to
major ports in Japan, China and Russia, handling the world’s sixth-
largest cargo volume. Busan and Jinhae are also top summer
vacation destination and have hosted prestigious international
events. This center of global business has an industrial cluster for
shipbuilding, carmaking and machinery, as well as being a center
for tourism and leisure.
Area 76.26㎢
Anticipated population 120,000
Development period 2004 to 2020
1100, Indeok-ro, Gwangyang-eup, Gwangyang-si,
Jeollanam-do, Korea

6. TheGFEZisbeingdevelopedinfivedistricts
-Gwangyang,Yulchon,Sindeok,HadongandHwayang
● Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 years
First 3 years :
100% exemption,
The following 2 years : 50%
reduction
First 5 years :
100% exemption,
The following 2 years : 50%
reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Covers factory and research facility construction costs
Educational
training,
employment
subsidies
·Subsidies will be up to 500,000 won per person,
for maximum of 6 months. The total maximum of
subsidies will be 500 million won per company
Relieffromcontrol
on labor affairs
·Not obliged to fill vacant job positions with persons
of national merit, the disabled, or the elderly
·Unpaid leave, including unpaid menstrual leave, is
permitted
·May expand the type of work and terms of
dispatched worker assignments
Improvements of
living conditions
for foreigners
·Foreign educational institutions can be established
and operated
·Opening and operating foreign medical institutions
or foreigner-only pharmacies will be permitted
·Opening foreigner-only casinos will be allowed for
foreign investors that invest more than $500 million
Re-transmission of foreign broadcasting channels
will be allowed through local cable networks
·Free foreign currency exchange is allowed up to a
limit of $20,000 in direct payment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)
● Acquisition tax : 100% tax exemption for up to 15 years in accordance with
local ordinances
● Property tax :Tax reductions for up to 15 years in accordance with local
ordinances
● Lease fees for government or publicly owned land will be reduced by 50
percent, 75 percent or 100 percent, depending on eligibility of companies.
● Government or publicly owned land can be leased for up to 50 years.
● Government or publicly owned land can be used for a private contract,
profits, loans, or sales
● Costforestablishinganinfrastructurewillbesupported50percentor100percent
Hwayang
Base for NamhaeanTourism Belt
- Area : 9.99㎢
- Location : Around Hwayang-myeon,Yeosu, Jeolla Province
- Project cost : 1 trillion and 428.9 billion won
- Development plan : Integrated tourism, leisure and sports resort,
linked to Maritime National Park.
- Major facilities : Marine-tourism resort complex, Four season
multifunctional resort complex(golf, leisure, hotel, marina resort)
Yulchon
Manufacturing base for steel and machinery
- Area : 27.79㎢
- Location :Yeosu,Suncheon,Gwangyang, South Jeolla Province
- Project cost : 3 trillion and 838.6 billion won
- Development plan : Steel, machinery, assembly, new renewable
energy
- Major facilities :Yulchon Industrial Complex Ⅰ·Ⅱ·Ⅲ,Yulchon Port Site
Sindeok
Eco-friendly residential district
- Area : 12.67㎢
- Location : Haeryong-myeon, Suncheon, and Sepoong-ri, Gwangyang
- Project cost : 3 trillion and 34.5 billion won
- Development plan : Housing, functional chemical materials, foreigner-
only lease complexes
- Major facilities : Shindae Hinterland, Haeryong Industrial Complex,
Gwangyang Sepoong Industrial Complex, Gwangyang Multi-purpose
Business Complex,Wellbeing County Complex, Seonwoel High Park
Complex
Gwangyang
Complex for international logistics and retail industry
- Area : 13.64㎢
- Location : Hwanggeum-dong, Gwangyang
- Project cost : 2 trillion and 674 billion won
- Development plan : International business, logistics
- Major facilities : Gwangyang ContainerTerminal, POSCOTerminal CTS,
Container Berth Hinterland(East &West Side), Hwanggeum Industrial
Complex, Seonghwang International Business Park
Hadong
Multi-purpose district for business, housing and leisure
- Area : 12.17㎢
- Location : Geumseong, Geumnam-myeon, Hadong-gun, South
Gyeongsang Province
- Project cost : 2 trillion and 819.9 billion won
- Development plan : Multi-functional area for off-shore plant, shipbuilding,
metal-working, business, tourism and leisure
- Major facilities : Galsa Bay Shipbuilding Industry Complex, Daesong
Industrial Complex, Deokcheon Eco City, Duu Leisure Complex
※ Launch of the Immigrant Investor Scheme for Real Estate
Declared FDI amount
(USD million)
Total
4,533
Manufacturing
Cases : 16
Amount : 904
Logistics
Cases : 26
Amount : 406
Tourism·leisure
Cases : 2
Amount : 1,611
International school
Cases : 3
Amount : 75
Etc.
Cases : 10
Amount : 1,537
Thefirsthalfof2016

7. YESFEZ
Centered around Pyeongtaek Port located at the center of the Pan-Yellow Sea
region, theYESFEZ serves as a forward base for exports to China and a logistics
hub of Northeast Asia with cutting-edge clusters including Pyeongtaek BIX &
Hyeondeok area and Samsung Godeok Complex, and has attracted global leaders
includingLG,HyundaiKiaMotors,SsangyongMotor,ABB,Delphi,andBosch.
Yellow Sea
Free Economic Zone
High-tech Industrial Cluster
in theYellow Sea Region
Homepage : http://yesfez.gg.go.kr
Tel : 031-8008-8615
Investment consultations :
031-8008-8633 / 8635
Contacts
Advantages
Largestknowledge-basedmanufacturingclusterinKorea
- Attracted around 3,350 global companies including Samsung Electronics,
Hyundai Kia Motors, LG Display, Hyundai Steel, 3M, Siemens, Sony and
Bosch and more.
- The area’s IT, semiconductor, mechatronics and parts businesses account
for about 40 percent of Korea’s knowledge-based manufacturing.
Forward base for exports to China and NortheastAsia
- The zone has the fastest access to China’s coastal industrial economic belt.
(distance from Pyeongtaek, Korea to Rongcheng, china: 396㎢)
- It is close to Pyeongtaek port equipped with 63 berths which is directly
connected to major ports in China and Southeast Asia.
Excellent proximity and investment environment
- It is connected to major highways and high speed KTX railway.
- Incheon International Airport and Chungju Airport are within two hours’
journey of Northeast Asia’s major cities.
- It is near the enormous market of Seoul metropolitan areas and rich human
resources.
Korea-China business valley
- The zone will develop the area into a hub for exchanges with China in
commerce, tourism, medical services and housing through investment by
Chinese capital.
- It will offer multi-purpose facilities for international business, vacation and
culture.
- Center of theYellow Sea industrial belt.
Neighboring resident companies
● Samsung Electronics : Korea_Electronics and semiconductor
● LG Innotek : Korea_Materials and components
● Sony : Japan_Electronics and electricity
● ENC Inc. : U.S._Logistics
● Mitsubishi Motors : Japan_Automobile
Area 4.39㎢
Anticipated population 34,000
Development period 2008 to 2020
73, Pyeongtaek hangman-gil, Poseung-eup, Pyeongtaek-si,
Gyeonggi-do, Korea(Marine Center)

8. TheYESFEZ is being developed in two districts
- Pyeongtaek BIX and Hyeondeok District
● Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 years
First 3 years :
100% exemption,
The following 2 years : 50%
reduction
First 5 years :
100% exemption,
The following 2 years : 50%
reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Covers factory and research facility construction costs
Educational
training,
employment
subsidies
·Subsidies will be up to 500,000 won per person,
for maximum of 6 months. The total maximum of
subsidies will be 500 million won per company
Relieffromcontrol
on labor affairs
·Not obliged to fill vacant job positions with persons
of national merit, the disabled, or the elderly
·Unpaid leave, including unpaid menstrual leave, is
permitted
·May expand the type of work and terms of
dispatched worker assignments
Improvements of
living conditions
for foreigners
·Foreign educational institutions can be established
and operated
·Opening and operating foreign medical institutions
or foreigner-only pharmacies will be permitted
·Opening foreigner-only casinos will be allowed for
foreign investors that invest more than $500 million
Re-transmission of foreign broadcasting channels
will be allowed through local cable networks
·Free foreign currency exchange is allowed up to a
limit of $20,000 in direct payment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)
● Acquisition tax : 100% tax exemption for up to 15 years in accordance with
local ordinances
● Property tax :Tax reductions for up to 15 years in accordance with local
ordinances
● Lease fees for government or publicly owned land will be reduced by 50
percent, 75 percent or 100 percent, depending on eligibility of companies.
● Government or publicly owned land can be leased for up to 50 years.
● Government or publicly owned land can be used for a private contract,
profits, loans, or sales
● Costforestablishinganinfrastructurewillbesupported50percentor100percent
Pyeongtaek BIX
High-tech industry cluster and value-added
logistics hub
- Area : 2.07㎢
- Location : Around Manho-ri, Sinyeong-riand Huigok-ri,
Poseung-eup, Pyeongtaek, Gyeonggi Province
- Project cost : 800.4 billion won
- Development plan : : Advanced industrial cluster, logistics and
lease land for foreigners only
- Major facilities : Eco-friendly automobiles and automobile parts,
semiconductor, electronics and electricity, chemiclas, logistics
center
- Schedule of promotion : Completion of site construction in
1st half of 2019 (preliminary)
Hyeondeok
Hub for NortheastAsia’s retail and tourism with
globally-competitive living environment
- Area : 2.07㎢
- Location : Around Manho-ri, Sinyeong-riand Huigok-ri,
Poseung-eup, Pyeongtaek, Gyeonggi Province
- Project cost : 800.4 billion won
- Development plan : : Advanced industrial cluster, logistics and
lease land for foreigners only
- Major facilities : Eco-friendly automobiles and automobile parts,
semiconductor, electronics and electricity, chemiclas, logistics
center semiconductor, electronics and electricity, chemiclas,
logistics center
- Schedule of promotion : Approval of initiation plan in 17th June
2016
※ BIX : Refers to the "Business and Industry Complex",
which is Gyeonggi Province's specialized brand.
Nearbyindustrialclusters
Incheon
인천항
Siheung-si
Ansan-si
Suwon-si
Gunpo-si
Anyang-si
Gwacheon-si
Gwangmyeong-si
Bucheon-si
Seongnam-si
Gwangju-si
Yongin-si
Anseong-si
Asan-si
남양방조제
아산만방조제
석문방조제대호방조제
Osan-siHwaseong-si
제부도
대부도
영흥도자월도
이작도
풍도
육도
난지도
용유도
영종도
Incheon International Airport
Gyeonggi-do
Chungcheongnam-do
실미도
장봉도
Pyeongtaek-si
Cheonan-si
Seosan-si
Dangjin-si
고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
아산만방조제
오산시
화성시
제부도
대부도
영흥도자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
서산시
당진시
고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제
화성시
자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
평택항
대산항
인천
인천항
시흥시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제대호방조제
오산시화성시
제부도
대부도
영흥도자월도
이작도
풍도
육도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
당진시
고파도
평택항
대산항
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
PETROCHEMIC
DISPLAY MATERIALS
DISPLAY MATERIALS
ADVANCED MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
IRON & STEEL IRON & STEEL
IRON & STEEL
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
GENERAL CHEMICALS
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
Poseung
Hyeondeok
포승
현덕
포승
현덕
포승
현덕
Automotive Cluster
Among the world’s
top five auto-making
countries
- Cluster of more than
700 automotive parts
factories
- Annual production of
8 million vehicles
(3 million overseas
production)
Incheon
인천항
Siheung-si
Ansan-si
Suwon-si
Gunpo-si
Anyang-si
Gwacheon-si
Gwangmyeong-si
Bucheon-si
Seongnam-si
Gwangju-si
Yongin-si
Anseong-si
Asan-si
남양방조제
아산만방조제
석문방조제대호방조제
Osan-siHwaseong-si
제부도
대부도
영흥도자월도
이작도
풍도
육도
난지도
용유도
영종도
Incheon International Airport
Gyeonggi-do
Chungcheongnam-do
실미도
장봉도
Pyeongtaek-si
Cheonan-si
Seosan-si
Dangjin-si
고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
아산만방조제
오산시
화성시
제부도
대부도
영흥도자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
서산시
당진시
고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제
화성시
자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
평택항
대산항
인천
인천항
시흥시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제대호방조제
오산시화성시
제부도
대부도
영흥도자월도
이작도
풍도
육도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
당진시
고파도
평택항
대산항
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
PETROCHEMIC
DISPLAY MATERIALS
DISPLAY MATERIALS
ADVANCED MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
IRON & STEEL IRON & STEEL
IRON & STEEL
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
GENERAL CHEMICALS
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
Poseung
Hyeondeok
포승
현덕
포승
현덕
포승
현덕
Semiconductor / LCD Cluster
68 percent of global
market share in the
memory semiconductor
industry (World No.1)
10.8 percent of global
market share in
semiconductor industry
(World No.3)
Incheon
인천항
Siheung-si
Ansan-si
Suwon-si
Gunpo-si
Anyang-si
Gwacheon-si
Gwangmyeong-si
Bucheon-si
Seongnam-si
Gwangju-si
Yongin-si
Anseong-si
Asan-si
남양방조제
아산만방조제
석문방조제대호방조제
Osan-siHwaseong-si
제부도
대부도
영흥도자월도
이작도
풍도
육도
난지도
용유도
영종도
Incheon International Airport
Gyeonggi-do
Chungcheongnam-do
실미도
장봉도
Pyeongtaek-si
Cheonan-si
Seosan-si
Dangjin-si
고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
아산만방조제
오산시
화성시
제부도
대부도
영흥도자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
서산시
당진시
고파도
평택항
대산항
인천
인천항
시흥시
안산시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제
화성시
자월도
이작도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
평택항
대산항
인천
인천항
시흥시
수원시
군포시
안양시
과천시
광명시
부천시
성남시
광주시
용인시
안성시
아산시
남양방조제
아산만방조제
석문방조제대호방조제
오산시화성시
제부도
대부도
영흥도자월도
이작도
풍도
육도
난지도
용유도
영종도
인천국제공항
경기도
충청남도
실미도
장봉도
평택시
천안시
서산시
당진시
고파도
평택항
대산항
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
AUTOMOBILE
PETROCHEMIC
DISPLAY MATERIALS
DISPLAY MATERIALS
ADVANCED MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
IRON & STEEL IRON & STEEL
IRON & STEEL
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
GENERAL CHEMICALS
PETROCHEMIC
PETROCHEMIC
PETROCHEMIC
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
DISPLAY MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
ADVANCED MATERIALS
Poseung
Hyeondeok
포승
현덕
포승
현덕
포승
현덕
Global Corporation Cluster
Global companies
located nearYESFEZ
- Samsung Electronics,
Hyundai Motor, Kia
Motors, Mobis, ABB,
SONY, 3M, DENSO,
Delphi, Bosch,
Siemens etc

9. DGFEZ
The DGFEZ is armed with Korea’s knowledge-based industry and ideal
service infrastructure. It offers development land, R&D facilities, commerce
and residential areas with a focus on IT convergence, transport components
and medical businesses. It is located in the heart of Korea's largest
automotive cluster and a center of IT/SW, healthcare and steel industries.
The area also boasts high-quality human resources.
Daegu-Gyeongbuk
Free Economic Zone
Transforming from manufacturing industrial
complex to high-tech convergence medical
industrial complex
Homepage : http://www.dgfez.go.kr
Tel : 053-550-1500
Investment consultations : 053-550-1554
Contacts
Advantages
Home to Korea’s leading industrial clusters
- The DGFEZ is at the heart of “AutoValley,” connecting automotive electronic
parts firms in Gumi, mechatronics in Daegu, complete automobiles in
Yeongcheon, Gyeongju and Ulsan, shipbuilding in Busan and machinery and
metals in Changwon.
- Around Pohang, it houses a steel industry cluster where POSCO, Hyundai
Steel and Dongkuk Steel are located.
- It will have a 4.6 trillion-won state-supported medical cluster : New Drug
Development Center, Medical Device Development Center, Laboratory Animal
Center, Clinical Drug Manufacturing Center and Communication Center
- It also has an IT and Software industry cluster with bases for Samsung
Electronics, LG Display and Dassault Systemes.
R&D centers supporting new growth industries
- The zone has 135 R&D institutions including the Electronics and
Telecommunications Research Institute, Korea Institute of Industrial
Technology and Korea Institute of Machinery & Materials.
- It has two R&D special districts - DaeguTechnopolis and Sinseo Medivalley,
DGIST and POSTECH.
Rich human resources
- There are 52 universities and colleges within the Daegu-Gyeongbuk region
and 70,000 graduates including 17,000 in national science and engineering,
enter the job market every year.
- It has 135 R&D institutions with 4,800 researchers.
Major resident companies
● KNT Company : Japan_ Precision multitasking machine
● Hycon Korea : Hong Kong_ Excavator parts
● Ugint : Korea/SaudiArabia/ Cayman Islands_manufacturing equipment
● Assab Steel Korea : Singapore_Steel for mold components
● PNDT : Korea/Japan_Automobile parts, damper pulley
● Daicel Safety Systems Korea : Japan_Automobile parts
● LFJ Korea : Korea/Taiwan_Automobile muffl ers, parts
● Hwajin : Korea/Japan_Wood grain and interior materials for automobiles
● BPH Korea : Korea/U.S._Packaging containers and materials for automobiles
● KT&C : Korea/U.S._Kitchenware
● Nakamura-Tome Precision Industry : Japan_High-precision complex processors
Area 18.93㎢
Anticipated population 76,000
Development period 2008 to 2022
5~6F, 227, Palgong-ro, Dong-gu, Daegu, Korea

10. The DGFEZ is being developed in eight districts including Daegu
Technopolis, Suseong Medical District,Gyeongsan Knowledge Industry
District,Yeongcheon Industry District
● Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 years
First 3 years :
100% exemption,
The following 2 years : 50%
reduction
First 5 years :
100% exemption,
The following 2 years : 50%
reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Covers factory and research facility construction costs
Educational
training,
employment
subsidies
·Subsidies will be up to 500,000 won per person,
for maximum of 6 months. The total maximum of
subsidies will be 500 million won per company
Relieffromcontrol
on labor affairs
·Not obliged to fill vacant job positions with persons
of national merit, the disabled, or the elderly
·Unpaid leave, including unpaid menstrual leave, is
permitted
·May expand the type of work and terms of
dispatched worker assignments
Improvements of
living conditions
for foreigners
·Foreign educational institutions can be established
and operated
·Opening and operating foreign medical institutions
or foreigner-only pharmacies will be permitted
·Opening foreigner-only casinos will be allowed for
foreign investors that invest more than $500 million
Re-transmission of foreign broadcasting channels
will be allowed through local cable networks
·Free foreign currency exchange is allowed up to a
limit of $20,000 in direct payment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)
● Acquisition tax : 100% tax exemption for up to 15 years in accordance with
local ordinances
● Property tax :Tax reductions for up to 15 years in accordance with local
ordinances
● Lease fees for government or publicly owned land will be reduced by 50
percent, 75 percent or 100 percent, depending on eligibility of companies.
● Government or publicly owned land can be leased for up to 50 years.
● Government or publicly owned land can be used for a private contract,
profits, loans, or sales
● Costforestablishinganinfrastructurewillbesupported50percentor100percent
DaeguTechnopolis
Future-oriented high-tech science city, combining nature
and living infrastructure
- Area : 7.26㎢
- Location : Hyunpung-myeon andYuga-myeon,
Dalseong-gun, Daegu
- Project cost : 1 trillion and 723.3 billion won
- Development plan : Automobiles and auto parts,
Mechatronics, IT convergence, renewable energy
- Major facilities : Proving Ground for IntelligentVehicle &Transportation, Electronics
andTelecommunications Research Institute, Korean Institute of Industrial
Technology, Korea Institute of Machinery and Materials, Daegu-Gyeongbuk
Institute of Science andTechnology, Daegu National Science Museum
YeongcheonIndustryDistrict
Center of Korea’s largest automobile components
and materials industrial cluster
- Area : 1.46㎢
- Location : Chaesin-dong, Bonchon-dong,
and Geumho-eup,Yeongcheon
- Project cost : 206.2 billion won
- Development plan : Automobile parts,
electronics, machineries, advanced
components and materials, R&D
- Major facilities : Research Institute ofVehicle EmbeddedTechnology,
Gyeongbuk HybridTechnology Institute
GyeongsanKnowledgeIndustryDistrict
District for high-tech construction machinery and
medical materials
- Area : 3.79㎢
- Location : Hayang-eup andWachon -myeon,
Gyeongsan
- Project cost : 1 trillion and 36.3 billion won
- Development plan : Construction machines and
components, new medical materials, automobile
parts, medical device and R&D
- Major facilities : Next Generation Construction Equipments Convergence
Center, Next Generation Construction Equipments Design Support Center,
High-Tech Medical ConvergenceTextile Center
InternationalFashionDistrict
Fashion and design-specialized district with residential,
commercial and industrial facilities
- Area : 1.18㎢
- Location : Bongmu-dong, Dong-gu, Daegu
- Project cost : 1 trillion and 250 billion won
- Development plan : Fashion, media,
advanced IT and knowledge-based
industry
- Major facilities : DaeguTextile Complex, Korea
Research Institute for Fashion Industry, College of KoreaTextile & Fashion
Polytechnic, Daegu International School, Lotte Outlets
SuseongMedicalDistrict
Medical, IT/SW district with pleasant living environment
- Area : 1.23㎢
- Location : Daeheung-dong, Suseong-gu, Daegu
- Project cost : 615.7 billion won
- Development plan : Specialty hospital, state-run
health-related institutions, medical tourism
facilities, advanced IT companies
- Major facilities : Suseong IC, Software
ConvergenceTechnology Center, Daegu Art Museum, Daegu Stadium,
Daegu Baseball Stadium, Daegu Athletics Promotion Center
YeongcheonHigh-techPark
Future-oriented high-tech science city, combining nature
and living infrastructure
- Area : 1.5㎢
- Location : Jungang-dong and
Hwasan-myeon,Yeongcheon
- Project cost : 219.7 billion won
- Development plan : Intelligent auto parts complex,
R&D center, future car theme park, components
logistics center, specialized colleges
- Major facilities : Airforce Logistics Command, Avionics & SystemTechnology
Center(ASTEC), Gyeongbuk Research Institute ofVehicle EmbeddedTechnology,
Bio Medical Center(KITECH), Boeing MRO Center
SinseoMedivalley
High-tech medical industrial district with smart medical
infrastructure
- Area : 1.05㎢
- Location : Sinseo-dong, Dong-gu, Daegu
- Project cost : 403.8 billion won
- Development plan : New medicine and advanced
medical device development, R&D
- Major facilities : Daegu Gyeongbuk Medical
Innovation Foundation, Korea Brain Research Institute, Korea Institute of Oriental
Medicine, Korea Institute of Oriental Medicine, 3D ConvergenceTechnology
Center
PohangFusionTechDistrict
Future-oriented high-tech science city, combining nature
and living infrastructure
- Area : 1.46㎢
- Location : Heunghae-eup, Buk-gu, Pohang
- Project cost : 362.0 billion won
- Development plan : Complex for green energy,
bio industry, mechatronics, components
materials and R&D
- Major facilities : KTX Pohang Station,
PohangYeongilman Port, POSCO, POSCO Power, POSTECH, Pohang Accelerator
laboratory, Max Plank POSTECH/Korea Research Initiative
01
02
03 04 05
07
06
08
Pohang
Yeongcheon
Daegu
Gyeongsan
01 DaeguTechnopolis
02 SuseongMedicalDistrict
03 InternationalFashionDistrict
04 SinseoMedivalley
05 GyeongsanKnowledgeIndustryDistrict
06 YeongcheonIndustryDistric
07 YeongcheonHigh-techPark
08 PohangFusionTechDistrict

11. EFEZ
The EFEZ has rich reserves of nonferrous metals and minerals, which
are basic materials for the ultralight material industry. The zone is to host
2018 PyeongChang Winter Olympics. It has created the nation’s largest
nonferrous metals cluster and invited a number of leading companies in the
related business. Its future prosperity will be based on cutting-edge green
materials industries, and an international logistics, using business complex
and the winter sports hub of Asia as leverage.
East Coast
Free Economic Zone
Best investment in the
Pan-East Sea region! East coast Free
Economic Zone
Homepage : http://www.efez.go.kr
Tel : 033-539-7800
Investment consultations :
033-539-7655 / 7665
Contacts
Advantages
Optimal place for nonferrous metals industry
- It has created the nation’s largest nonferrous metals cluster.
- It has rich reserves of nonferrous metals and minerals. All of
Korea’s rare earth minerals, 90 percent of its limestone, 67 percent
of its dolomite and seawater lithium and 45 percent of its silica
stone come from this region.
- It has invited a number of leading companies in the nonferrous
metals industry.
Logistics hub of Pan-East Sea region
- It is a logistics hub, connecting to Sakaiminato in Japan,Vladivostok
in Russia and Dongbei in China.
- The population of the East Sea economic region is estimated to be
306 million.
- The economic size of the wider region is expected to grow to $12.2
trillion in 2020, which is 51 percent of that of the EU.
Base for tourism and vacation in NortheastAsia
- The area will host the 2018 PyeongChangWinter Olympics.
- It attracted 100 million tourists and generated tourism income of
2.7 trillion won in 2013.
- Thanks to abundant tourism resources, it became the most
preferred tourist area in Korea for eight consecutive years.
Major resident companies
● Dongbu Metal : Korea_ferromanganese production
● LS Cable & System : Korea_submarine cable
● POSCO : Korea_refining magnesium
Area 8.95㎢
Anticipated population 13,000
Development period 2013 to 2024
231, Haean-ro, Donghae-si, Gangwon-do, Korea
(Cheongok-dong)

12. The EFEZ is being developed in four districts
- Bukpyeong,Mangsang,Okgye
● Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 years
First 3 years :
100% exemption,
The following 2 years : 50%
reduction
First 5 years :
100% exemption,
The following 2 years : 50%
reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Covers factory and research facility construction costs
Educational
training,
employment
subsidies
·Subsidies will be up to 500,000 won per person,
for maximum of 6 months. The total maximum of
subsidies will be 500 million won per company
Relieffromcontrol
on labor affairs
·Not obliged to fill vacant job positions with persons
of national merit, the disabled, or the elderly
·Unpaid leave, including unpaid menstrual leave, is
permitted
·May expand the type of work and terms of
dispatched worker assignments
Improvements of
living conditions
for foreigners
·Foreign educational institutions can be established
and operated
·Opening and operating foreign medical institutions
or foreigner-only pharmacies will be permitted
·Opening foreigner-only casinos will be allowed for
foreign investors that invest more than $500 million
Re-transmission of foreign broadcasting channels
will be allowed through local cable networks
·Free foreign currency exchange is allowed up to a
limit of $20,000 in direct payment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)
● Acquisition tax : 100% tax exemption for up to 15 years in accordance with
local ordinances
● Property tax :Tax reductions for up to 15 years in accordance with local
ordinances
● Lease fees for government or publicly owned land will be reduced by 50
percent, 75 percent or 100 percent, depending on eligibility of companies.
● Government or publicly owned land can be leased for up to 50 years.
● Government or publicly owned land can be used for a private contract,
profits, loans, or sales
● Costforestablishinganinfrastructurewillbesupported50percentor100percent
Bukpyeong
Logistics and business hub, base for ferro alloy industry
- Area : 2.14㎢
- Location : Around Danbong-dong, Songjeong-dong, Donghae
- Project cost : 561.3 billion won
- Development plan : Hub of logistics business in the East Sea region,
industrial hub of advanced components and ferrous alloys
- Major facilities : Ferro alloy complex, exclusive complex for foreign
companies, high-tech components industrial complex, logistics/retail
complex, EGTC
Okgye
High-tech industry cluster and value-added
logistics hub
- Area : 0.42㎢
- Location : Okgye-myeon, Gangneung
- Project cost : 59.5 billion won
- Development plan : Cluster of ultralight materials industries,
R&D complex for advanced materials
- Major facilities : High-tech materials refinery and dissolved lithium room
vaporization facility, research labs, exclusive complex for foreigners
Mangsang
International maritime tourism leisure complex
- Area : 6.39㎢
- Location : Mangsang-dong, Donghae
- Project cost : 1 trillion and 177.1 billion won
- Development plan : Marine tourism, leisure, medical tourism
- Major facilities : Maritime tourism leisure facilities(Water parks,
Yacht Marina), hotels condominiums, casinos
Center of Global Event & Hub of
4 seacon Marine Tourism
2018 PyeongchangWinter Olympics
Winter sports event of world-class scale hosted by Gangwon-do
Traditional Culture Festival
Gangneung Danoje Festival
No.13 Important Intangible Cultural Property, selected as Masterpieces
of the Oral and Intangible Heritage of Humanity by UNESCO, and
designated as global cultural heritage.
Four Seasons MarineTourism in Eastern Coast
Gyeongpo beach
- Natural environment and beautiful scenery
Mangsang beach
- Creation of nature-friendly leisure space with camping site, resort, etc.

13. CBFEZEnvironmentally-friendly BIT
Convergence Business Hub
The CBFEZ is located at the center of Korea, which allows fast access to
inland regions and a transportation network that runs in all directions. It is
Korea’s IT biotechnology convergence industry hub, equipped with a cluster
of facilities for solar energy generation, semiconductor manufacturing and
biotechnology businesses. It is also turning itself into the hub of Northeast
Asia’s aviation industry.
Chungbuk
Free Economic Zone
Homepage : http://www.cbfez.go.kr
Tel : 043-220-8312
Investment consultations :
Osong BioValley 043-220-8386
Cheongju Aeropolis 043-220-8381
Chungju Ecopolis 043-220-8632
Contacts
Advantages
Center of Korea’s transportation
- The zone has access to the Seoul metropolitan area in one hour, and other
parts of the nation in two hours.
- Seven high ways pass through the zone. Osong Station, the only station
where the Gyeongbu Line intersects with the Honam Line, connects all parts
of the country.
- Cheongju InternationalAirport, the hub of the central region, is nearby.
- Cheongju International is the only local airport that runs 24 hours for freight air
carriers.
- The CBFEZ has access to major Asian countries such as China andThailand
within one to three hours.
- It takes 10 minutes to get to Sejong City, the new administrative capital of
Korea, and one hour to get to Pyeongtaek and Dangjin port, the center of
marine logistics from the zone.
Korea’s largest IT cluster
- It has an IT cluster that produces not only semiconductor components but
also finished semiconductors. Korea’s leading companies located here
include SK Hynix, MagnaChip and Dongbu HiTek.
- Designated as a special photovoltaic zone, the first in Korea, it produces 60 to
70 percent of Korea’s photovoltai ccell modules.
- It has an industrial complex specialized in automotive electronic parts.
Korea’s only bio hub with one-stop support for all
industrial process
- “Osong Bio-Health Science Complex” is Korea’s only biotech complex
initiated by the government. “Osong High-tech Medical Complex” has ideal
human resources and infrastructure to develop new medicines and advanced
medical devices.This zone also has a biomedical administration town where
six state-run institutions in health and medical services, such as the Ministry
of Food and Drug Safety, are located.
- It has four major government research facilities and national biomedical
facilities.
- It can offer one-stop support for all stages of bio manufacturing, from clinical
trials to approvals to manufacturing and retailing. It is home to more than 60
biomedical companies, 120 bio-related company-affiliated research centers
and three universities specialized in biotechnology.
Major resident companies
● National Biobank of Korea : Korea_bio industry
● National Center for Medical Information and Knowledge :
Korea_medical research
● National Center for Stem Cell and Regenerative Medicine :
Korea_managing stem cell resources and research information
● Covidien Korea : Korea_Medical technology and services
● CJ Healthcare Corp : Korea_Pharmaceuticals manufacturing
● LG Household & Health Care Ltd : Korea_ Household goods production
Area 7.21㎢
Anticipated population 50,000
Development period 2013 to 2020
194-41, Osongsaengmyeong 1-ro, Osong-eup, Heungdeok-gu,
Cheongju-si, Chungcheongbuk-do, Korea
(C&V Center 1F)

14. The CBFEZ is being developed in three districts
- Osong BioValley,CheongjuAeropolis and Chungju Ecopolis
● Corporate tax · Income tax
Other incentives
Financial & Site support
Category
Tax benefits for 5 years Tax benefits for 7 years
First 3 years :
100% exemption,
The following 2 years : 50%
reduction
First 5 years :
100% exemption,
The following 2 years : 50%
reduction
Manufacturing $10 million ↑ $30 million ↑
Tourism $10 million ↑ $20 million ↑
Logistics $5 million ↑ $10 million ↑
R&D $1 million ↑ $2 million ↑
Service $10 million ↑ -
Cash grants ·Covers factory and research facility construction costs
Educational
training,
employment
subsidies
·Subsidies will be up to 500,000 won per person,
for maximum of 6 months. The total maximum of
subsidies will be 500 million won per company
Relieffromcontrol
on labor affairs
·Not obliged to fill vacant job positions with persons
of national merit, the disabled, or the elderly
·Unpaid leave, including unpaid menstrual leave, is
permitted
·May expand the type of work and terms of
dispatched worker assignments
Improvements of
living conditions
for foreigners
·Foreign educational institutions can be established
and operated
·Opening and operating foreign medical institutions
or foreigner-only pharmacies will be permitted
·Opening foreigner-only casinos will be allowed for
foreign investors that invest more than $500 million
Re-transmission of foreign broadcasting channels
will be allowed through local cable networks
·Free foreign currency exchange is allowed up to a
limit of $20,000 in direct payment
Tax relief
● Tariffs : 100% exemption for 5 years(imported capital goods only)
● Acquisition tax : 100% tax exemption for up to 15 years in accordance with
local ordinances
● Property tax :Tax reductions for up to 15 years in accordance with local
ordinances
● Lease fees for government or publicly owned land will be reduced by 50
percent, 75 percent or 100 percent, depending on eligibility of companies.
● Government or publicly owned land can be leased for up to 50 years.
● Government or publicly owned land can be used for a private contract,
profits, loans, or sales
● Costforestablishinganinfrastructurewillbesupported50percentor100percent
Osong Bio Valley Cheongju Aeropolis Chungju Ecopolis
Development plans by districtCentral axis of the “growth engine
industry” for the next generation
District size(㎢) Target business
Osong Biomedical District 1.13 Medical research and development facilities and clinical trial centers
Osong Biotech Convergence Industrial District 3.28
Bioinformatics convergence medical device manufacturers and biotech education and
healthcare providers
CheongjuAeropolis District I 0.15 Aviation MRO complex
CheongjuAeropolis District II 0.32 Aviation industrial complex
Chungju Ecopolis District 2.33
Automotive electronics industries, logistics and distribution industries,
and non-conventional renewable energy industries
C Belt - Spanning the Chungcheong area :
Sejong, Daejeon, Ochang, Osong,
Jeungpyeong, Chungju, etc
Connecting scientific and industrial
bases in the Chungcheong area
K Belt - Straddling the entire country : Seoul,
Gwangju, Gangeung, Daegu and
Busan
Connecting primary scientific and
industrial bases all over the country
Korea’s only bio industrial complex
- Area : 4.41㎢
- Location : Osong-eup, Cheongju, North Chungcheong
Province
- Project cost : 1 trillion and 155.2 billion won
- Development plan : Next-generation global harmaceutical
industry, new bio drug and IT convergence medical equipment
industries
- Major facilities : National top five core R&D support
organizations and top five national biomedical institutes,
research town for communication and ventures
MRO hub to lead aviation maintenance industry
- Area : 0.47㎢
- Location : Naesu-eup, Cheongju, North Chungcheong Province
- Project cost : 156.9 billion won
- Development plan : Aircraft maintenance, aviation education,
research labs and components industry
- Major facilities : Cheongju International Airport, aircraft
components R&D center, aircraft maintenance/remodeling
facilities
Base for new green growth industry
- Area : 2.33㎢
- Location : Jungangtapmyeon, Chungju, North Chungcheong
Province
- Project cost : 659.1 billion won
- Development plan : Automotive electronic parts, logistics, retail
industry, renewable energy industry
- Major facilities : Automotive electronic parts industrial facilities,
Suanbo hot spring, Chungju Lake