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Mieum Foreign Investment Zone
Date
2015.12.16
Mieum Foreign Investment Zone
A parts and materials complex for foreign-invested companies in the machinery industry cluster
Overview
- Location : Mieum-dong, Gangseo-gu, Busan
- Area : 331,910㎡
- Facilities : port, leisure, commercial facilities, etc.
- Period : 2006 ~ 2011 (construction completed)
- Target industries : new and renewable energy, auto parts, mechatronics, ship parts, high added-value industries
Infrastructure
Mieum Foreign Investment Zone, completed in 2011 within the high-tech Mieum Industrial Complex, is a national parts and materials complex which will be home to new renewable energy, auto parts, mechatronics, ship parts and other high value-added industries.
Benefits of foreign-invested parts and materials companies
100% free lease fee when investing more than $ 5 million, and various tax credits and subsidies.
| Classification | Description |
|---|---|
| Qualification | 100% foreign owned company or Joint venture, provided that foreign share is at least 30% and FDI is at least KRW 100 million |
| Lease conditions |
|
| Space for lease | FDI amount should at least equal the construction cost of the land * 1 ㎡ x KRW 541,500 |
| Investment | Within 5 years after signing of the moving-in contract |