♦ Tax reduction or exemption on corporate tax, income tax, acquisition tax, registration tax,
property tax and aggregate land tax may be granted to foreign investments, which are vital
for strengthening the international competitiveness of domestic industries and in accordance
with the Restriction of Special Taxation Act (Art. 9 of FIPA)

♦ High-technology Business
– Technology, that is of a low level or not developed at all in Korea, having substantial
economic and technological benefits for the national economy such as:

• Manufacturing and designing computers (above 64Bits);
• Manufacturing of computer memories, input-output devices, other appliances and parts;
• Manufacturing of broadcast and wireless communication devices and their core parts;
• Manufacturing of semiconductor devices, material and equipment and their parts.

♦ Industry-supporting Service Business
– Service businesses of high value-added, supporting the development of other industries
such as manufacturing and which are essential for the strengthening of the international
competitiveness of the nation’s industries such as:

• Information processing and computer management technology
• Software development and production technology
• Automated management system technology-using computers
• E-commerce-related technology