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Ulsan Free Trade Zone

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Ulsan Free Trade Zone

Eligibility
Foreign investors in Ulsan FTZ
Support
Support: Items(Tax exemption (FDI of over USD 10 million), Low-priced rent and long-term lease, Other support), Details
Items Details
Tax exemption
(FDI of over USD 10 million)
Corporate & income taxes: 100 percent exemption for three years and 50 percent for the following two years Acquisition & property taxes: 100 percent exemption for 15 years
Low-priced rent and
long-term lease
  • Private factory rent: KRW 134/㎡
  • Standard factory rent (tentative): (heavy industry building) KRW 2,580/㎡, (light industry building) KRW 3,565/㎡
  • Exemption of rent: foreign investment rate is more than 30 percent and foreign investment companies that fulfill the following conditions:
    • Manufacturing business with a new foreign investment amount of more than USD 5 million: 75 percent
    • Part material business with a new foreign investment amount of more than USD 5 million: 100 percent
    • business with advanced technology and industrial support service industry with a new foreign investment amount of USD 1 million: 100 percent
  • Lease period: land and factory can be leased within 50 years (can be renewed if necessary)
Other support No tariff, zero tax rate on value added tax, etc.