Korea's Auto Industry - Today and Tomorrow - Invest Korea
Korea's Auto Industry - Today and Tomorrow - Invest Korea
Korea's Auto Industry - Today and Tomorrow - Invest Korea
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T<br />
O<br />
T<br />
A<br />
L<br />
S<br />
A<br />
L<br />
E<br />
Location<br />
Types of<br />
business<br />
eligible<br />
L<strong>and</strong> scale<br />
L<br />
S<br />
Factory<br />
Sale<br />
Leas<br />
Sale(%)<br />
Lease(%)<br />
Others<br />
<strong>Korea</strong>’s <strong>Auto</strong> <strong>Industry</strong> - <strong>Today</strong> <strong>and</strong> <strong>Tomorrow</strong><br />
Offering <strong>Invest</strong>ors a Future-Oriented Optimal <strong>Invest</strong>ment Environment<br />
Gumi<br />
In #4 complex in Gumi Ohchang-myun,<br />
Chungwon-gun,<br />
Chungcheong Province<br />
(In Ohchang Ind Complex)<br />
Ohchang Jinsa<br />
Jinsa Industrial Complex<br />
In Sanam-myun, Sachun<br />
City, South Gyeongsang<br />
Province<br />
100% foreign-invested firm<br />
Joint venture with foreign investment amounting to 30% or more<br />
(<strong>Invest</strong>ment more than KRW50 million))<br />
1. High Tech Business in accordance with Foreign <strong>Invest</strong>ment Promotion Act<br />
2. Advanced Business in accordance with <strong>Industry</strong> Development Act<br />
3. Other general manufacture<br />
8,265m or more<br />
(2,500Py or more)<br />
6,612m or more<br />
(2,000Py or more)<br />
6,612m or more<br />
(2,000Py or more)<br />
559,000 m 496,000 m 496,000 m<br />
559,347m (169,202.5Py) -<br />
559,347m (169,202.5Py)<br />
495,870m (150,000Py)<br />
-<br />
495,870m (150,000Py)<br />
(Area: 1000m /firm)<br />
495,870m (150,000Py)<br />
-<br />
495,870m (150,000Py)<br />
216/6(38.6 %) 227/6(46%) 226/8(54%)<br />
Price<br />
(posted)<br />
KRWW109,000/m KRW57,000/m KRW103,000/m<br />
Payment<br />
- - -<br />
Rent KRW121/m /M(KRW400/Py/M) 4KRW0/m /M(KRW132/Py/M) KRW27/m /M(KRW89/Py/M)<br />
Reduct- High Tech with investment of US$1 mil or more<br />
ion General manufacturing with investment of US$5 mil: 75% reduction<br />
National tax (corporate, income): High Tech & <strong>Industry</strong> support service<br />
-Five-year exemption with 50% for another 2 years<br />
Local tax<br />
-Corporate, Registration, Property tax: 5-year exemption, 50% for another 3 years<br />
(Exemption may be extended up to 15 years according to municipal government’s<br />
regulations)<br />
-Integrated l<strong>and</strong> : 5-year exemption, 50% for another 3 years.<br />
38 I 39 <strong>Korea</strong>’s <strong>Auto</strong> <strong>Industry</strong> - <strong>Today</strong> <strong>and</strong> <strong>Tomorrow</strong>
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