Businesses developing technologies of future growth driver* : future mobility, energy- environment etc. and whose investments amount to more than USD 2 million.
* application (Businesses ⇒ Ministry of Economy and Finance) -> FDI notification -> application for tax exemption(Ministry of Economy and Finance) -> deliberation to confirm qualification requirements (Ministry of Economy and Finance, relevant government agencies and municipal authorities) -> notification of approval (Ministry of Economy and Finance)
FIZ (individual / independent types): Manufacturing: USD 30 million
Tourism: USD 20 million
Logistics: USD 10 million,
R&D: USD 2 million
Resident businesses in Free Economic Zone(FEZ):
Manufacturing: USD 10 million
Tourism: USD 10 million
Logistics: USD 5 million,
R&D: USD 1 million
Support
Acquisition Tax : 100% exemption for 15 years
Property Tax : (Jung-gu, Nam-gu, Dong-gu) 100% exemption for 7 years and 50% for the following 3 years/ (Buk-gu, Ulgu-gun) 100% exemption for 15 years
tariff, special consumption tax, value added tax exemption ※Duty relief only in FEZ