What are the advantages and disadvantages of establishing a factory in an industrial complex vs. other locations?

The general advantages and disadvantages are listed below, however, the actual advantages and disadvantages of establishing a factory in an industrial complex or another location vary for each company.

 Individual LocationIndustrial Complex
Advantages· Free choice of time, location and size
of the factory
· Purchase of farm or forest land at a
cheap price
· Industrial complexes are
systematically planned by the
government with various financial
and tax benefits such as:

– Loan and fund
– Exemption from acquisition tax and
registration tax
– 50% reduction of property tax and
comprehensive land tax (within
five years of initial acquisition)

· Extensive infrastructure and other
facilities available for convenient
living
· Easy to exchange information and
cooperate with other companies in
terms of technology or industry
exchange
· Easy access to the industrial
complex for air-polluting industries
due to the existence of a common
air pollution prevention system
· Easy process to get approval for
factory establishment

Dis-
advantages
· Complicated process to purchase
land and get approval for factory
establishment
· Weak industrial infrastructure
(electricity, water irrigation, harbor,
roads, etc.)
· Not enough educational or cultural
facilities
· Subject to various fees and
payments
· Civil petitions
· It is difficult to find adequate
factories when needed, because
they are usually sold first before
occupation
· It is difficult to find factories in the
desired locations, because the
factory site locations are fixed and
dispersed throughout the country
· The locations are usually only a
section of land so that it is difficult to
expand the factory after moving in
· Generally, the price for the industrial
complex is fairly expensive.