GANGWON-DO < invest Korea

Project Overview

• Location : 177, Gongdan 1-ro, Donghae-si, Gangwon-do, Donghae Free Trade Zone
• Total Area :247,734㎡
• Project Budget : KRW 84.6 billion
• Facilities to be introduced : 3 standard factory buildings, 1 cold chain standard factory
• Organized by: Donghae Free Trade Zone Office by MOTIE

Locational Condition

• Location : Located in southeastern Gangwon-do, Strategically important for trade of East-Sea rim region due to Donghae International Port
• Accessibility (Transportation Infrastructure) : Within 2-hours distance from the capital area due to KTX connection, and around 2-hours distance from nearby airports (Wonju Airport (2 hours), Yangyang Airport (1 hour))
• Nearby Tourist Attractions : Representative tourism city in East Sea Area with various tourist attractions including Mangsang Beach, Mureung Valley, Chuam Chotdaebawi Rock

Development Concept

• Build a seafood processing complex based on frozen storage warehouse (14,000 tons)
• Create a base for exports through establishment of East Sea-rim region cold chain hub
• Leap forward as a strategic foothold of trade in Northeast Asia's East Sea-rim

Land

• National land 247,734㎡(Owned land 171,000㎡, Standard factory 27,000㎡, Public land 48,000㎡)

Incentives

• Free Trade Zones are the Licensed Bonded Area, in which customs retention applicable (exemption or refund)
• Low rent (Owned land 61 won/㎡ per month for , Standard factory 355~430 won/㎡ per month)

Expected Results

• The construction of frozen storage warehouse in Donghae Free Trade Zone is expected to induce KRW 34,265 million production, induce KRW 15,482 million added-value, and 307 employment.
  

• General Information about Free Economic Zone

  • Area : 247,734㎡
  • Occupant Companies: 17 companies (7 foreign-invested companies)
    * Occupancy ratio : 65.8%(Owned land 65.1%, Standard factory 69.2%)
  • Industry : Cosmetics, Hygiene products, Food, Seafood processing, Non-metal, etc.
• Investment Advantages
  

  • National Industrial Complex and General Industrial Complex make up a cluster(Bukpyeong National Industrial Complex ⋅ BukpyeongGeneral Industrial Complex )
  • Based on industry infrastructure and Donghae International Port, supply of materials and export of products are easy
  • Convenient transportation network with Yeongdong-Dongseo Expressway and KTX
  • Construction of frozen storage warehouse for establishment of a cold chain hub
    * Gloss Floor Area 10,206㎡, Storage Scale 14,656t