Tenant Information

Free lease of land and buildings: Companies backed by foreign investment that are involved in high-technology or sophisticated technology industries or that receive new foreign investments exceeding a certain level; Land rent: 86 won to 43 won/㎡ per month; Rent of standardized factory: 579 to 725 won/㎡ per month

Free lease of land and buildings
Business type	Rent	Period	Remarks
Foreign invested companies - More than USD 10 million in new investment - More than USD 1 million in new investment and over 30 % of stake in equity	10 years of free use from the move-in day	50 years	Renewable
More than USD 1 million in investment - Over a half million U. S. dollars in new investment in advanced technology-based industries and industrial service industries designated under Paragraph 1, Article 1 of the Industrial Development Act - Over a half million U. S. dollars in new investment in the automotive and machinery industries or related industries.	10 years of free use from the move-in day	50 years	Renewable
Other foreign invested companies and local companies	86 won/㎡/Month	50 years	Renewable
Land used by companies doing business in machinery or automobile industries or associated industries	43 won/㎡/Month	50 years	Renewable

Targets for tax incentives: Targets; Companies backed by foreign investments in sophisticated technology based industries or industrial service industries; Manufacturing companies receiving more than 10 million dollars in foreign investment; Logistics companies receiving more than 5 million dollars in foreign investment; Detailed incentives; Reduction of corporate income taxes for five years (100% reduction for three years and 50% reduction for two years); 100% reduction of acquisition, registration, property and global income taxes for fifteen years

Tariff: Non-tariff: no tariffs applied to foreign goods manufactured in a free trade zone office that does not have external tariffs; Exemption or refund-Exempt or refund tariffs or taxes on domestic goods reported to be carried in to a free trade zone office

Zero rate of value-added taxes: Domestic goods reported to be carried in to a free trade zone office; Foreign goods and services provided between tenants

One-stop service: Administrative Agency provides one stop administrative services related to business activities like permission permits to move in and construction permits.