Invest KOREA

Masan Free Trade Zone Office No. 2019 - 5

We hereby announce the recruitment of tenants for the remaining areas in wings 1, 2, 5, and 7 of standard factory in Masan Free Trade Zone.

September 4, 2019

Director, Masan Free Trade Zone Office

□Standard Factory Wing 1, 2, 5, 7 Summary

ㅇ Location: 177, Jayumuyeok 3-gil, Masanhoewon-gu, Changwon-si, Gyeongsangnam-do, Republic of Korea (Wing 1), 193 (Wing 2), 184 (Wing 5), 180 (Wing 7)
ㅇ Leasable area: About 36,000㎡
ㅇ Implementer (authorized administrator): Minister of Trade, Industry and Energy (Administrator of Masan Free Trade Zone Office)

□ Size and Lease Amount

※ Lease area: Exclusive use space+Common use space〔Common space ratio: (Wing 1, 2) about 21%, (Wing 5) about 28%, (Wing 7) about 18%)〕 Minimum lease area 1,000㎡ or more (recommended)
※ Deposit:Monthly lease × 6
※ Above lease is applied until ’21.7.31 in accordance with Notice No. 2019-478 (‘19.8.5) by Ministry of Trade, Industry and Energy

□ Candidates

ㅇ Manufacturing business with the primary purpose of export that has over 1,000 dollars of annual exports per unit area (㎡)
ㅇ Business that has been selected as U-turn firm that maintained over 30% of export against total sales, excluding the export to Korea, for over 1 year before returning to Korea (Based on SME)
ㅇ Foreign-invested manufacturing business with the primary purpose of export (over 30% of export against total sales )
ㅇ Newly established foreign-invested business with over $500,000 foreign investment
  - In this case, the export ratio of 30% needs to be satisfied within 3 years from the date of tenancy agreement
※ Relevant regulation: Chapter 10 Article 1, Article 1-2 and Article 2 of 「Act on Designation and Management of Free Trade Zones」 and Chapter 7 Article 7 Clause 1, 2, 3 of Enforcement Degree of the said law
※ Anyone that corresponds to the disqualification in Article 12 of 「Act on Designation and Management of Free Trade Zones」 may not apply

▶ Business with the primary purpose of export: SME with 30% export against the total sales in the last 3 years (40% for mid-sized company, 50% for large corporates), which has been maintained for over 1 year
▶ Foreign-invested company: Foreign investment amount that satisfies the foreign investment criteria according to Article 2 Clause 2 of 「Enforcement Degree of the Foreign Investment Promotion Act」
▶ Calculation formula for the export per unit area: Average export performance in the last 2 years (‘17~’18) / Total factory area

□ Restricted Type of Business

ㅇAgricultural product manufacturing business, etc. according to Article 10 of 「Act on Designation and Management of Free Trade Zones」
ㅇ Pollution-generating business (noise, vibration, atmosphere, wastewater, waste, etc.)

□ Additional Point Criteria

ㅇ Business with over 2,500 USD annual export per unit area (㎡)
ㅇ Foreign-invested business with the primary purpose of export meeting following criteria (over 30% export ratio against total sales):
①Over 5 million USD foreign investment, or ②Over 1 million USD foreign investment and 1,000 USD foreign investment per desired area (㎡)
* Newly established foreign-invested business must satisfy the 30% export ratio within 3 years from the date of tenancy agreement
ㅇ Business that applies to the new growth engine industry that is imperative to the advancement of Korean industrial structure and reinforcement of international competitiveness according to Article 121-1 Clause 1-1 of 「Restriction of Special Taxation Act」 (Ministry of Economy and Finance approval).

(Relevant regulation : Article 11 Clause 2 of 「Act on Designation and Management of Free Trade Zones」)

□ Tenancy Application

ㅇ Application period: ‘19.9.9 (Mon) ~ 19.10.17 (Thu.)
ㅇ Submit to: Division of Export Industry, Masan Free Trade Zone Office (3F)
* Contact : 055) 294-2666, 2669, 9616 FAX : 055) 294-9614
* Application can be downloaded at the Office's website(http://www.motie.go.kr/ftz/masan)

< For more details, refer to the attachment >