 Investment Advertage & Incentive |
 Circumstantial Advantages |
| • Geological Advantages |
Ansan is the most ideal area for investment because it is located in the center pacific Rim
and adjacent to international airport, Incheon harbor and a large transaction center(40 Minutes). |
|
• Convenient Traffic Network |
Metro No. 4 line directly connects Ansan to Seoul, and Ansan is easily linked to Kyongpu/Youngdong Express Way and West Coast Express Way.
Convenient inter-city bus lines network Adjacent to Incheon Harbor and International Airport. |
|
• More than 4,000 factories are producing various kinds of commodities and it is easy to promote co-related business transactions. |
| |
| Taxation Advantages |
| Tax Reduction & Exemption |
| Type of Tax |
Current Exemption/Reductions
(Advanced Technology business,
Foreign Investment Zones) |
| Corporate Tax Income Tax |
Full Exemption for the first 7 years
50% reduction for 3 years thereafter. |
Local Taxes Acquisition Tax
Property Tax Aggregate Land Tax
Registration Tax |
All taxes will be fully exempted 15 years. |
Custom Duties Special Consumption
Tax Value Added Tax |
Full exemption 3 years |
|
| |
| Taxation Advantages |
|
• Liberalization of Real Estate Acquisition
|
Repealed the restrictions on the aquisition of real estate by the foreigners and liberalized
it same as it is for the Korean nationals. |
| •
Support Services for Industrial Land |
Support for and the designation of "Foreign Direct Investment Zones".
Support for Land Rental Fee Reduction(50%) or Exemption for Central Government Property. |
| •
Financial Supports |
Financial Supports from Gyonggi province Government the promotion of small & medium-size industries.
Financial Supports from the City of Ansan for the operation of small & medium-size industries.
Financial Supports for the installation of anti-pollution facilities for Central Government Property. |
| • Employment Fund |
Gyonggi province Government provides a certain amount of financial support to foreign invested companies
that create a predetermined number of new jobs. Gyonggi province Government provides a certain amount financial support for the training of workers hired by foreign invested companies |
| • Administrative Supports |
Provide services for the various administrative procedures.
One-stop Services Automatic Approval System Arrangement of joint venture and collaborative partners.
Consulting on various laws and regulations, investment related procedures, etc |
| • Support for Export |
|
Investors will be given the same treatment as local nationals. |
