A PRIVATE FACTORYK
- more than 50% of total sales amount should be export volume foreign investment
amount should be over 50 million Korean won and the ratio of foreign investment should be over 10%
As the wholesale business mainly dealing in import&export trade
- more than 50% should be dealt out of total trade volume
Supporting industries
- Finance, insurance, customs clearance, taxation and data-processing industry etc. classified as the supporting industries based on Presidential Decree
Cargo-working, shipping, house-ware, exhibition and others based on Presidential Decree
- International shipping agencyㆍInternational ship trade, Packingㆍmaintenanceㆍprocessing, Comprehensive distribution business etc
An Application for Entry(should be informed within 7 days)
- The company intending to do business in the FTZ should submit the required documents to the administrator of FTZ
Notice of the outcomes of the reviewed application
- Permits & approvals of entry are preferentially given to the following companies
- Foreign-invested companies
- A business featuring a high level of technology
- A business featuring an export-oriented
The introduction of foreign capital and incorporation
- Extended to introduce of foreign capital and incorporate (newly established companies only)
A Lease Contract for National Property (Building, Land)
- Extended to make a contract for land and factory building with the administrator of FTZ within60 days from the date of approvals of entry
An application for the registration of foreign-invested company(should be informed within a day)
- When the applicant finish the introduction of foreign capital, it should register foreign-invested company to the administrator of FTZ within 30 days
An application of tax breaks(should be informed within 20 days)
- Tax breaks will given to the foreign-invested companies of FTZ regardless of business items and investment amount based on the foreign investment promotion act