ULSAN < invest Korea

According to Yonhap News,

(ULSAN=Yonhap News) Ulsan City announced June 5 that the Ulsan High Tech Valley general industrial complex (phase 1) is for resale.

The Ulsan High Tech Valley was initially for sale from March 30 to April 17 but could not attract many companies due to the economic recession.

According to the city’s new plan, it has lowered the down payment rate from 50 percent to 10 percent, allowed the tenants to make payments in three equal installments and extended the balance due date from within three months to 12 months or by the completion date of the construction.

The project developer also is the city itself, rather than outsourcing it to a third party.

All of the efforts are to minimize the financial burden of the tenants by supplying the capital in a stable manner.

Please apply for the resale of the Ulsan High Tech Valley general industrial complex by June 24.

young@yna.co.kr

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Source Text

Source: Yonhap News (Jun. 05, 2015)

** This article was translated from the Korean.