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Global Inspiration GyeongGi-Do

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We are proud of all we have to offer our residents.Here, you can find information on working in Korea, medical care and living information

Meet the past and the future of Gyeonggi-do.You will discover the arts and culture unique to Gyeonggi-do.

Whether you run a small business ormajor corporation, Gyeonggi-do provides the businessenvironment and support your companyneeds to succeed and grow.​​

Obtain a wide range of useful information on Gyeonggi-do here.

Come visit the attractive cities of Gyeonggi-do and enjoy an extensive range of attractions.

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 nameDate of designationDetail
Dongwoo Fine-ChemDec. 29, 2003Products–Color filter for TFT-LCD panels, etc.
Location–Pyeongtaek (Poseung district)
Floor area (m2)–252,334
AvanStrate Korea Inc.Dec. 30, 2004Products–Glass substrate for LCD
Location–Pyeongtaek (Hyeongok Complex)
Floor area (m2)–88,770
HOYA Electronics KoreaDec. 30, 2004Products–Large photomask for TFT-LCD
Location–Pyeongtaek (Hyeongok Complex)
Floor area (m2)–18,642
Praxair KoreaNov. 28, 2005Products–Industrial gas
Location–Giheung-gu, Yongin
Floor area (m2)–48,608
TimesAerospace Korea, LLC.Mar. 29, 2006Products–Helicopter and parts
Location–Daegot-myeon, Gimpo
Floor area (m2)–336,770
Linde KoreaNov. 23, 2005Products–Industrial gas
Location–Giheung-gu, Yongin
Floor area (m2)–26,672
Fairchild KoreaDec. 29, 2010Products–Power semiconductor
Location–Wonmi-gu, Bucheon
Floor area (m2)–6,579
Molex Korea Co., LtdMay. 26, 2011Products–Electronic connector design
Location–Danwon-gu, Ansan City
Floor area (m2)–13,926
Denso International KoreaJul. 20, 2011Products–Automobile parts research
Location–Uiwang
Floor area (m2)–20,586
ASE KoreaSep. 28, 2012Products–Semiconductor and System solution
Location–Paju
Floor area (m2)–27,432
Korea Nitto OpticalDec. 23, 2013Products–Industrial film
Location–Pyeongtaek
Floor area (m2)–13,195
Air Products KoreaDec. 20, 2013Products–Industrial gas
Location–Hwaseong
Floor area (m2)–5,892
ASM Genitech KoreaNov. 30, 2015Products–Machinery for semiconductor manufacturing
Location–Hwaseong
Floor area (m2)–7,198
Air Products KoreaNov. 30, 2015Products–Industrial gas
Location–Pyeongtaek
Floor area (m2)–34,167
TotalLocation – 14 areas Floor area(m2) – 900,772
semiconductor

Designation Criteria
and Tax Reductions

Designation Criteria and Tax Reductions Table
CategoryIndividual-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
Content may be re-used/re-distributed only if the original source is appropriately credited,
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30 Docheong-ro, Yeongtong-gu, Suwon City, Gyeonggi Province, Republic of Korea, 16508 (Tel: 82-31-120) Copyright 2015 GYEONGGI PROVINCE All Rights Reserved.
Global Inspiration GyeongGi-Do
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