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CHUNGBUK hopes for your success, because it is related
to our success as well as to Korea and to the world.
As a partner for your future, CHUNGBUK is ready to provide
you with the best possible conditions for your business. |
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CHUNGBUK
provides an initial 100% tax exemption for 5 years then
50% tax cut for 2 years thereafter to foreign business
investing in industries related to high technology, industrial
supporting services and enterprises housed in Foreign
Investment Zone.
On top of the above national tax cut, CHUNGBUK also offers
additional tax cuts in local taxes such as acquisition
tax, registration tax, property tax.
We are ready to designate the land of scale required by
any foreign investor as an exclusive district to foreign
investors, to whom we will provide extensive financial
support needed for their acquisiton of national property
in the estate at the most favorable pricing.
We closely coordinate with the Ministry of Commerce, Industry
and Energy, KOTRA and the Ombudsman’s Office to provide
you and your business various administrative support. |
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Single-Company
Type Foreign Investment Zone 
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Requirements |
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Manufacturing : foreign investment worth over US$30 million with a plan to establish a new factory |
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Tourism : tourist hotels worth over US$20 million, (surface water tourist hotels, comprehensive resort estates, comprehensive resort parks) |
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Logistics: comprehensive cargo terminal, common pick-up and delivery complex and port facilities operating business (over US$10 million) |
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Research facility: research institute facility worth over US$5 million and employing over 10 standing researchers. |
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Industrial supporting service business: research facility requiring high technology. |
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Incentives |
| - Tax cuts, land rental free of charge, financial supports, etc. |
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Foreign Investment Zone
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Lease content |
- Period: 50 years (extendable)
- Rental charge: within 1% of annual land price |
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Rental charge cut |
- High-tech businesses worth over US1 million: 100% exemption
- General manufacturing businesses worth over US$5 million: 75% reduction |
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Current status of CHUNGBUK |
- A land site of 805,954m² is constructed within the precincts of the Ochang Industrial Complex
- Another site of 330,580m² is now under construction within the Osong Bio Technopolis. |
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Incentives |
| - Tax cuts, Rental charge cuts, Financial supports, etc. |
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