Projects in New Growth Engines & Core Technologies
‧ Future Vehicles, Intelligent Information, Next-generation SW, Bio-health, New Energy & Environmental Industries, Converged Materials, Robotics, Aerospace, Advanced Materials/Components/Equipment, Carbon Neutrality, Defense Industry, USD 2 million or more
[Application (Businesses ⇒ Ministry of Finance and Economy) -> FDI notification -> application for tax exemption(Ministry of Finance and Economy) -> deliberation to confirm qualification requirements (Ministry of Finance and Economy, relevant government agencies and municipal authorities) -> notification of approval (Ministry of Finance and Economy)]
Investment Projects in Individual Foreign Investment Zones (FIZs)
‧ Manufacturing USD 30 million, Tourism USD 20 million, Logistics USD 10 million, New Growth 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 (Municipal): 100% exemption for 15 years
Property Tax (District/County): (Buk-gu, Ulju-gun) 100% exemption for 15 years/ (Buk-gu, Ulgu-gun) 100% exemption for 15 years
Customs Duties, Individual Consumption Tax, VAT: 5-year exemption
※ Customs Duties: Companies in FEZs and FTZs