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INDIVIDUAL-TYPE FOREIGN INVESTMENT ZONE


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Gyeonggi-do provides customized land in consideration of the characteristics of
individual companies as well as various tax incentives
Gyeonggi-do actively supports foreign investors interested in other plots apart from the industrial Complex exclusive for FICs when they go through the administrative procedures including land purchase and factory construction permit. 14 company sites including those of Dongwoo Fine Chem and AvanStrate Korea Inc. have already been designated as individual-type foreign investment zones; these companies are benefiting from various incentives including national and local tax reductions.
Individual-type Foreign Investment Zone

Current Status Of Individual-type Foreign Investment Zone In Gyeonggi-do

Current Status Of Individual-type Foreign Investment Zone In Gyeonggi-do Table
FIC name Date of designation Detail
Dongwoo Fine-Chem Dec. 29, 2003 ProductsColor filter for TFT-LCD panels, etc.
LocationPyeongtaek (Poseung district)
Floor area (m2)252,334
AvanStrate Korea Inc. Dec. 30, 2004 ProductsGlass substrate for LCD
LocationPyeongtaek (Hyeongok Complex)
Floor area (m2)88,770
HOYA Electronics Korea Dec. 30, 2004 ProductsLarge photomask for TFT-LCD
LocationPyeongtaek (Hyeongok Complex)
Floor area (m2)18,642
Praxair Korea Nov. 28, 2005 ProductsIndustrial gas
LocationGiheung-gu, Yongin
Floor area (m2)48,608
TimesAerospace Korea, LLC. Mar. 29, 2006 ProductsHelicopter and parts
LocationDaegot-myeon, Gimpo
Floor area (m2)336,770
Linde Korea Nov. 23, 2005 ProductsIndustrial gas
LocationGiheung-gu, Yongin
Floor area (m2)26,672
Fairchild Korea Dec. 29, 2010 ProductsPower semiconductor
LocationWonmi-gu, Bucheon
Floor area (m2)6,579
Molex Korea Co., Ltd May. 26, 2011 ProductsElectronic connector design
LocationDanwon-gu, Ansan City
Floor area (m2)13,926
Denso International Korea Jul. 20, 2011 ProductsAutomobile parts research
LocationUiwang
Floor area (m2)20,586
ASE Korea Sep. 28, 2012 ProductsSemiconductor and System solution
LocationPaju
Floor area (m2)27,432
Korea Nitto Optical Dec. 23, 2013 ProductsIndustrial film
LocationPyeongtaek
Floor area (m2)13,195
Air Products Korea Dec. 20, 2013 ProductsIndustrial gas
LocationHwaseong
Floor area (m2)5,892
ASM Genitech Korea Nov. 30, 2015 ProductsMachinery for semiconductor manufacturing
LocationHwaseong
Floor area (m2)7,198
Air Products Korea Nov. 30, 2015 ProductsIndustrial gas
LocationPyeongtaek
Floor area (m2)34,167
Total Location14 areas Floor area(m2)900,772
semiconductor

Designation Criteria
and Tax Reductions

Designation Criteria and Tax Reductions Table
Category Individual-type Foreign investment zone
Criteria Manufacturing : USD 30 million or more
Tourist hotels, resorts, convention centers : USD 20million or more
Logistics (distribution), SOC : USD 10million or more
R&D : More than USD 2 million, employing 10master degree holders or more
Tax
Benefits
National taxes
(corporate tax, income tax)
Seven years
(100% for the first five years and 50% for the next two years)
Local taxes
(acquisition tax, property tax)
acquisition tax 15 years, property taxfrom 7 to 15 years
Custom duties,
special consumption tax, VAT
Capital goods for which import declarations are completed within five years from the investment registration date are exempt from all of these taxes.

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Person in charge of content : Gyeonggi-do Provincial Office
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