JEONBUK STATE

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Complex-type foreign investment zone (investment of less than 3 Million USD, based on manufacturing business)

  • (Tax support) tariff reduction for 5 years (100%) and local tax reduction for one year (100%) for investment of over 10 Million USD.
  • (Rent support) 1% (Site lease for up to 100 years)

Individual foreign investment zone (investment of over 300 Million USD, based on manufacturing business)

  • (Tax support) tariff reduction for 5 years (100%), local tax reduction for one year (100%), full rent reduction
  • (Site lease) ree lease after purchase of site by the Ministry of Industry and Local Authority (renewable for up to 50 years)
    • * Limit of dimension: smaller than the site equivalent, with less than 50% of foreign investment by a tenant.