AboutFressTradeZoneOffice
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AboutGunsanFressTradeZoneOffice
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Tenant Information

A shining beacon for investment in global trade! gunsan free trade zones

Incentive

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
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.
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.