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FOREIGN-INVESTED COMPANY INDUSTRIAL COMPLEXES


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Gyeonggi-do created 8 industrial complexes exclusively for FICs to provide stable and long-term business sites for foreign investors.

Status of leased housing for foreign-invested companies

Asia Amity Treaty Signed Table
Complex nameComposition periodDetail
Eoyeon-Hansan’93 ~ ’99Developed area324,392
Leased area324,392
Vacancy
No.of tenant22
Remarks100%
Chupal’94 ~ ’00Developed area88,976
Leased area86,476
Vacancy2,500
No.of tenant7
Remarks97%
Poseung’91 ~ ’98Developed area95,773
Leased area95,773
Vacancy
No.of tenant5
Remarks100%
Hyeongok’96 ~ ’06Developed area500,708
Leased area480,872
Vacancy19,836
No.of tenant31
Remarks96%
Jangan 1’04 ~ ’07Developed area418,156
Leased area282,210
Vacancy135,945
No.of tenant14
Remarks68%
Jangan 2’05 ~ ’10Developed area368,977
Leased area227,635
Vacancy141,342
No.of tenant7
Remarks62%
Dangdong’04 ~ ’09Developed area239,459
Leased area239,459
Vacancy
No.of tenant6
Remarks100%
Oseong’05 ~ ’10Developed area353,928
Leased area177,348
Vacancy176,580
No.of tenant8
Remarks50%

Unit : ㎡

industrial-complex-map

Tenancy & Lease Conditions

Rent Period
Renewable for up to 50 years (a ten-year contract can be renewed every ten years)
Qualified industries
High-tech industry & high-tech business Advanced technology-based industry
(business exempted from taxes by Korean Ministry of Strategy and Finance)
Manufacturing industry with a high employment effect (to be deliberated and decided by the Resident Review Board)
Foreign investment ratio
More than 30% of total stock with voting rights or total investment amount
Lease limit
Area for rent Table
DivisionInvestement amount
Eoyeon-Hansan / PoseungUSD 1.2 million per 3,305㎡
Chupal / HyeongokUSD 1 million per 3,305㎡
Jangan 1 / Jangan 2 / Dangdong / OseongUSD 1.5 million per 3,000㎡
Rent fee
1 percent of the construction cost
(1 percent of the official land price, if the official land price is higher than the construction cost)
Rent reduction granted according to foreign direct investment amount and technology level
Rent fee Table
Eoyeon-Hansan3,948
Chupal3,156
Poseung3,780
Hyeongok3,204
Jangan 13,036
Dangdong4,596
Jangan 23,636
Oseong3,876

Unit : ㎡

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