Foreign-Invested Company Priority Zones
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Location support provided to facilitate and attract foreign investment consists of foreign investment zones as prescribed by the Foreign Investment Promotion Act, free trade zones as prescribed by the Act on Designation and Management of Free Trade Zones, and free economic zones as prescribed by the Special Act on Designation and Management. Among these, foreign investment zones are further classified into complex-type, individual-type, and service-type zones.
Specific details of location support available for foreign investment, such as requirements, eligible businesses, and incentives (rental fees, taxes, customs, cash) vary depending on the purpose of designation. It is recommended that investors carefully review and analyze investment locations, even for planned sites with seemingly simple procedures for factory establishment, authorization, and permission.
Designation of Foreign Investment Zones
| Major Location Support | Designated Areas | Number | |
|---|---|---|---|
| Foreign investment zones | Complex-type | Cheonan, Daebul, Sacheon, Ochang, Gumi, Jangan 1, Inju, Dangdong, Jisa, Jangan 2, Dalseong, Oseong, Cheonan 5, Woljeon, Munmak, Jincheon Sansu, Songsan 2, National Food (Iksan), Chungju, Gumi (parts), Pohang (parts), Iksan (parts), Changwon (parts), Mieum (parts), Songsan 2-1, Gwangyang Sepung | 26 |
| Individual-type | Manufacturing (73), logistics (2), tourism (8), R&D (1) | 84 | |
| Service-type | Seoul (2), Daejeon (1) | 3 | |
| Gyeonggi-do foreign investment zones | Hyeongok, Poseung, Chupal, Eoyeon Hansan | 4 | |
| Free trade zones | Industrial site-type | Ulsan, Donghae, Gunsan, Daebul, Yulchon, Masan | 7 |
| Seaport · Airport-type | Port of Busan, Port of Pohang, Port of Pyeongtaek-Dangjin, Port of Incheon, Incheon International Airport | 6 | |
| Free economic zones | Busan · Jinhae, Gwangyang Bay Area, Incheon, Hwanghae, Daegu-Gyeongbuk, East Coast Area, Chungbuk | 7 | |
※ The designation of Saemangeum as a free economic zone was canceled on April 6, 2018, but the Saemangeum project is still underway in accordance with the Special Act on Saemangeum.
※ Songsan 2-2, a complex-type foreign investment zone, was added (March 20, 2019).
※ Songsan 2-2, a complex-type foreign investment zone, was added (March 20, 2019).