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1. Yeongil Bay 3rd General Industrial Complex
○ Location: Yonghan-ri, Heunghae-eup, Buk-gu, Pohang City
○ Total area: 194,682m²
○ Construction period: 2007 to 2012
○ Developer: Pohang City
○ Industrial use: other transportation equipment manufacturing, other product manufacturing
○ Area for lease: 175,488m²
○ Leasing costs: KRW 174,650/m²
2. Blue Valley National Industrial Complex
○ Location: across Donghae-myeon and Janggi-myeon in Guryongpo-eup, Nam-gu, Pohang City
○ Total area: 6,119,465 m²
○ Construction period: 2009 to 2019
○ Developer: Korea Land & Housing Corporation (LH Corp.)
○ Industrial use: machinery, automobile parts, steel, electronics and IT, shipbuilding, energy parts, etc.
○ Area for lease: 3,495,885m²
○ Leasing costs: KRW 217,800/m²
3. Pohang Parts & Materials Industrial Complex
○ Location: within Yeongil Bay 1st General Industrial Complex, Heunghae-eup, Buk-gu, Pohang City
○ Total area: 327,240㎡
○ Construction period: 2008 to 2013
○ Developer: Ministry of Knowledge Economy (75%), North Gyeongsang Province (12.5%), Pohang City (12.5%)
○ Industrial use: high-tech businesses; electronic, machinery, automobile parts and materials industries
○ Area for lease: 327,240m²
○ Leasing costs: KRW 1,523/m² (1 year)
4. Yeongil Bay 4th General Industrial Complex
○ Location: across Gokgang-ri, Yonghan-ri, Umok-ri and Jukcheon-ri in Heunghae-eup, Buk-gu, Pohang City
○ Total area: 4,216,740m² (Stage 1: 2,600,000m²)
○ Construction period: 2010 to 2018 (Stage 1: 2010 to 2015)
○ Developer: Pohang City
○ Industrial use: new materials, mechatronics, shipbuilding
○ Area for lease: 175,488m²
5. Pohang Fusion Tech District (Free Economic Zone)
○ Location: across Daeryeon-ri and Iin-ri in Heunghae-eup, Buk-gu, Pohang City
○ Total area: 1,459,190
○ Construction period : 2008 to 2020
○ Construction budget: KRW 362 billion
○ Industrial use: mechatronics, parts and materials, biomedical, green energy, knowledge services
○ Area for lease: 539,547m²
○ Leasing costs: KRW 209,000/m²
6. Gwangmyeong General Industrial Complex
○ Location: across Gwangmyeong-ri and Yongsan-ri in Ocheon-eup, Nam-gu, Pohang City
○ Total area: 728,200
○ Construction period : 2010 to June 2016
○ Developer: Kumwoo Industrial Machinery Co., Ltd., and 4 other companies
○ Industrial use: non-metallic mineral products, primary metals, metalworking, warehousing and shipping
○ Area for lease: 517,220m²
○ Leasing costs: KRW 231,466/m²
Foreign Invested Company Incentives
| Incentives | Details | ||
|---|---|---|---|
| Leasing fee exemptions | Complex | · High-tech businesses, industrial support services (USD 1 million or over): 100% (starting on the day of approval) · Parts and materials (USD 5 million or over): 100% (starting on the day of approval) · General manufacturing (USD 5 million or over): 75% |
|
| Individual | · Within 50 years (renewal required every 10 years): 100% for manufacturing (USD 30 million or over), tourism (USD 20 million or over), logistics (USD 10 million or over) | ||
| Tax exemptions | Complex | · Industrial support services · High-tech businesses |
· Corporate and income taxes: 100% for 5 years, 50% for 2 years · Acquisition taxes: 50% for 10 years · Property taxes: 50% for 7 years, 30% for 3 years · Customs, individual consumption and value-added taxes: 100% for 5 years |
| · Manufacturing (USD 10 million or over) · Distribution and logistics (USD 5 million or over) |
· Corporate and income taxes: 100% for 3 years, 50% for 2 years · Acquisition taxes: 100% for 15 years · Property taxes: 100% for 10 years, 50% for 5 years · Customs: 100% for 5 years |
||
| Individual | · Corporate and income taxes: 100% for 5 years, 50% for 2 years · Acquisition taxes: 100% for 15 years · Property taxes: 100% for 10 years, 50% for 5 years · Customs, individual consumption and value-added taxes: 100% for 5 years |
||
Free Economic Zone Tax Exemptions
| Corporate and income taxes | Property taxes | Acquisition taxes | Customs |
|---|---|---|---|
| 100% for 3 years 0% for 2 years |
100% for 10 years 50% for 5 years |
100% for 5 years | 100% for 5 years (only for imported capital goods) |