Invest KOREA

Masan Free Trade Zone Office No. 2020 - 12

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.

December 15, 2020

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 22,830㎡
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: Article 10 Clause 1-1, 1-1-2, 1-2 of 「Act on Designation and Management of Free Trade Zones」 and 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 (‘18~’19) / Total factory area

□ Restricted Type of Business

ㅇ Agricultural product manufacturing business, etc. according to Article 10 of 「Operation Guidelines 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):
① Over 5 million USD foreign investment, or ② Over 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 121-2 Clause 1-1 of 「Restriction of Special Taxation Act」 (Ministry of Economy and Finance approval).

□ Tenancy Application

ㅇ Application period: ‘20.12.15 (Tue) ~ 21.01.14 (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 (www.motie.go.kr/ftz) 

□ Tenant selection period (estimated):  Between ‘21. 1~2

 ※ Notified separately to businesses that were screened and selected according to selection criteria
※ Tenants are selected in consideration of their technology, export, etc. and the remaining space will be recruited separately.

□ Occupancy agreement application period for selected businesses: within 90 days from the date of selection

< For more details, refer to the attachment >