Chungnam! Best Choice for your investment Optimum Location
Locational Conditions of Foreign Investment Area
Qualification : Over 30% share of foreign investment / Over KRW 0.1 billion in foreign investment costs.
Targets : Businesses in high-technology, cutting-edge technology, chemical products and auto parts.
Land Lease period : 50 years(contract renewal : every 10 years)
Implementation Conditions(for five years) : Construction projects with a higher land ratio than the stnadard factory area, and
investment with more than the land price.
Incentives : High-technoligy businesses with over USD 1 million of foreign investment costs(Tax exemption of 100%)
Over USD 5 million in foreign inverstment costs among general manufacturing businesses.
Local Tax reduction for over USD 10 million of foreign investment(15years 100%)
Songsan 2 Foreign Investment Zone (Songsan 2 General Industrial Complex)
Location : Donggok-ri & Gagok-ri, Songsan-myeon, Dangjin city
Area : 1,616,276㎡[FIZ 417,268.5㎡(1st:134,023㎡, 2nd:165,309㎡, 3rd:117,936.5㎡)]
Zoning : Non-Metal Mining, Metal & Steel, Metal Processing, New materials Hightech parts & materials,
Automatic & its parts, Chemicals, etc
Easy access(thru Songak IC in Seohaean Expressway - National Route 38 10km, thru Dangjin IC - Route 63310km away)
12 berths in Dangjin Port 4km away
Waste water trement facilities : 14,200㎥/day
Power supply : 381MW(Max. capa.), 345KV, Substation(located in complex)
Using LNG anytime
Qualifications and Terms of the FIZ Tenancy
Qualifications : Foreign share over 30% & FDI over KRW 0.1 billion
Zoning : High-tech business, Cutting-edge technic business, Chemicals, Parts & materials, etc.
Lease fee : KRW 290/㎡/Month, Down payment of the one year lease fee
Lease period : 50 years(renewal of the contract every 10 years)
Conditions for maintaining tenancy : Construct buildings over the standard building construction to land ratio and invest FDI
over a land price within 5 years.
Benefits : High-tech business & investment over USD 1 Mil.(Free of Lease fee)
General business & investment over USD 5 Mil.(75% of the Lease fee reduced)
Local Tax reduction for 15 years(100%) as you invest over USD 10 Mil.