|
 |
 |
外国人 直接 投資 支援 システム(FEZ) |
|
|
02_CMS_ Business Opportunities
| Why
is Korea emerging as a regional logistics hub- |
Incentives and benefits within FEZs
Designation of Free Economic Zones is certainly welcome news for those looking
for sound investment opportunities. Incheon, Busan-Jinhae and Gwangyang
regions, each of which possess well-established infrastructure, were designated
as FEZs in 2003. Optimum business and living conditions for foreign executives
and staff will be guaranteed in these areas, which is the primary goal of
the Free Economic Zone plan. |
What are Free Economic Zones
|
|
| Incheon Free Economic Zone |
| The Incheon Free Economic Zone triangle includes Songdo Intelligent City,
Yeongjong area including Incheon International Airport, and Cheongna area.
Total area is 209 km² and projected population is about 475,000. Geographically,
it is ideally located within 30 minutes of the Seoul metropolitan area connected
by 3 highways and a subway system. There are also sea ports nearby and within
the area. |
The Songdo area,
a 15-minute drive from Incheon International Airport (IIA) after
the completion of the 2nd Airport Bridge, will be developed as the center
for Asia-Pacific multinational headquarters, global business, and as a high
value-added knowledge-based industrial complex. The area will be composed
of international business center, knowledge-based industrial complex, and
high-tech complex
The Yeongjong area will be developed
as a functional city to support international logistics and the airport.
The area will be composed of Incheon International Airport Free Trade Zone,
Industrial and logistics cluster and Youngyu and Muui tourism & leisure
complex. The Incheon International Airport (IIA) opened in March 2001 with
2 runways, a 312-acre passenger apron, a 31-acre cargo terminal and 60-acre
boarding area. Currently, extension construction (2002-2008) is under way.
It will include one runway, a 39-acre concourse, a 268-acre passenger apron,
and an 81-acre international business center
The Cheongna area,will be developed
as the new cradle of international business complex, world-class theme park
by 2020. A landmark International Finance Center, residential complex for
foreign workers, and other residential complexes will be established in
this area. Plans also include a beautiful floral complex, spacious golf
course, and sportsleisure complex. |
| Busan-Jinhae Free Economic Zone |
| The Busan-Jinhae FEZ is located at the heart of Korea's Southeastern
Industrial belt. The FEZ consists of the New Port, Myeongji, Jisa, Dudong,
and Ungdong areas. The FEZ will be a major area for logistics with Busan
Port, Gimhae Airport, a KTX route, and a subway system. Specifically, the
area has 16 million consumers in Busan, nearby Ulsan and Gyeongnam. It also
takes charge of around 90% of shipbuilding industry, 40% of automobile industry,
and 35% of machinery industry of the nation. |
The Busan New
Port area area will act as a center of state-of-the-art logistics,
and be developed as the Free Trade Zone for attracting multinational logistics
firms. It plans to build 30 container berths from 1995-2010. By the end
of 2006, 6 container berths and 180-acre hinterland will be constructed
The Myeongji area is scheduled to be
developed as manufacturing and R&D center including the Busan Science
& Industrial Park.
The Dudong area area is developed to
support the Busan-Jinhae FEZ with housings, schools and hospitals
The Ungdong area will be a leisure and
recreational district for residents and employees in FEZ |
| Gwangyang Bay Free Economic Zone |
TThe Gwangyang
Bay FEZ will be a hub of logistics resource, trade, high-tech industry,
tourism and leisure. This FEZ consists of Gwangyang, Yulchon, Shindeok,
and Hwayang districts. The Gwangyang Bay FEZ is connected with 3 expressways,
8 roads, and 2 railways, thus accordingly providing efficient network for
transportation and logistics hub. It has vast and affordable sites, providing
the lowest-level of rent costs in Korea, abundant electricity and water
resources with 9 power plants, 4 rivers, and 5 dams in or near the area.
The Gwangyang Port area iis the value-added
integrated logistics hub. It will have total 33 berths by 2011 with exceptional
incentives such as exemption of port dues, dockage, anchorage, and cargo
wharfage.
In the Shindeok area,, foreign school,
hospital, shopping center, and residential complexes for foreigners will
be established.
The Hwayang area will be dedicated to
the entertainment, tourism, and leisure industry.
The
Ungdong area will be a leisure and recreational district for residents
and employees in FEZ
The Hadong area will house leading
R&D centers, steel, and shipbuilding companies |
|
|
Income and corporate tax exemptions for the first 3 years and a 50% reduction for the following 2 years