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 name | Composition period | Detail |
|---|
| Eoyeon-Hansan | ’93 ~ ’99 | Developed area–324,392
Leased area–324,392
Vacancy––
No.of tenant–22
Remarks–100% |
| Chupal | ’94 ~ ’00 | Developed area–88,976
Leased area–86,476
Vacancy–2,500
No.of tenant–7
Remarks–97% |
| Poseung | ’91 ~ ’98 | Developed area–95,773
Leased area–95,773
Vacancy––
No.of tenant–5
Remarks–100% |
| Hyeongok | ’96 ~ ’06 | Developed area–500,708
Leased area–480,872
Vacancy–19,836
No.of tenant–31
Remarks–96% |
| Jangan 1 | ’04 ~ ’07 | Developed area–418,156
Leased area–282,210
Vacancy–135,945
No.of tenant–14
Remarks–68% |
| Jangan 2 | ’05 ~ ’10 | Developed area–368,977
Leased area–227,635
Vacancy–141,342
No.of tenant–7
Remarks–62% |
| Dangdong | ’04 ~ ’09 | Developed area–239,459
Leased area–239,459
Vacancy––
No.of tenant–6
Remarks–100% |
| Oseong | ’05 ~ ’10 | Developed area–353,928
Leased area–177,348
Vacancy–176,580
No.of tenant–8
Remarks–50% |
Unit : ㎡
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| Division | Investement amount |
|---|
| Eoyeon-Hansan / Poseung | USD 1.2 million per 3,305㎡ |
| Chupal / Hyeongok | USD 1 million per 3,305㎡ |
| Jangan 1 / Jangan 2 / Dangdong / Oseong | USD 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-Hansan | 3,948 |
| Chupal | 3,156 |
| Poseung | 3,780 |
| Hyeongok | 3,204 |
| Jangan 1 | 3,036 |
| Dangdong | 4,596 |
| Jangan 2 | 3,636 |
| Oseong | 3,876 |
Unit : ㎡
