Invest KOREA

Project Overview

• Location : 30, Mungok-dong, Taebaek-si, Gangwon-do
• Development Area : 774,830㎡
• Project Budget : KRW 81,940 million
• Facilities to be introduced: Complex healthcare center, Sky road, Healing forest, Therapy farm, Anti-aging production workshop, Treatment center, Healing village
• Organized by : Taebaek-si

Locational Condition

• Location : Located in southern Gangwon-do, home to a nationally famous mountain Mt. Taebaek, it is an optimal place for people to live with comparatively superior topography and climate (average elevation 700m or more, average temperature during daytime 19℃) and a special city for tourism and sports with natural environment that is treasure trove of healthy and functional plants
• Accessibility (Transportation Infrastructure) : Located 2.5 hours from Seoul, 1.5 hours from Yangyang International Airport, 30 minutes from the East Sea including Samcheok and Mookho ports
• Nearby tourism spots : Abundant tourism resources including Taebaek mountain, Hambaek mountain, Hwangji Pond and Geomryongso-the source of the Nakdong River and Han River, the nation's largest 365 safe town

Development Concept

• Need to foster new regional base as the replacement industry of the mining industry
  • Pleasant climate even in the middle of summer. Attract companies engaged in manufacturing natural remedy by utilizing special crops grown in the natural environment without particulate matter and establish a multi-functioning healthcare center for treatment of dementia and epilepsy
  • Wellness anti-aging specialized complex is to connect with local farmers, utilizing local resources (16 private institutes R&D), attract natural remedy manufacturers to expand into high value-added wellness anti-aging city of the 6th industrial revolution-type that provides healing services

Land Status

• 774,830㎡
  ※ Uncomplicated to purchase and rent national land (approved by the Ministry of Land, Infrastructure and Transport as a local development project plan)
  ※ The city will actively cooperate in purchasing private land(All residents expressed consent to private land sales and usage)

Incentives

• Support installation of infrastructure(road, water and sewage, etc.)
• National tax / Local tax (corporate tax, income tax, acquisition tax and property tax, etc. reduction )
• Investment subsidy, Logistics subsidy, Land purchase subsidy support

Expected Results

• Revitalize the inflow of tourists and local economy
• Create jobs by establishing anti-aging and sports healthcare complex

• General Information about Taebaek-si

  • Area : 303.52㎢
  • Population : 45,000
  • Characteristics :Optimal place for people to live with an average elevation of 700m or higher and average daytime temperature 19℃, and a special city for tourism and sports with natural environment that is treasure trove of healthy and functional plants
• Investment Advantages
  

  • Geographical and climate characteristics including high altitudes and cool summer contributed to increasing visitors (200,000 athletes in 2019, 3.66 million visitors in 2020) and be an optimal place to grow anti-aging plants : average elevation of 700m, average daytime peak temperature 19℃, It is the only place in Korea that has no tropical nights in midsummer, and clean area without particulate matter
  • Mountain(Taebaek, Hambaek), Sea(East sea) are located in proximity. Abundant tourism resources with the source of Han River and Nakdong River, the nation's largest 365 safe town
  • 1.5 hours from Yangyang International Airport, 2.5 hours to Seoul
  • Close to the 2018 Pyeongchang Winter Olympics venue