구미시청영어

Target businesses

• Tax-break beneficiary, sophisticated technology-accompanied businesses under the Restriction of the Special Taxation Act
• Sophisticated technologies and product production businesses specified by the Minister of Trade, Industry, and Energy Notice according to Article 5 of the Industrial Development Act
• Material parts producers under Article 2 of the Act on Special Measures concerning the Fostering of Materials, and Parts Specialist Businesses, etc.
• Of the qualified occupant businesses in Gumi Complex 4, 7 businesses under the Korean Standard Industrial Classification

Occupancy qualification

Foreign exclusive investment firms, and joint-venture firms with foreign investors' stake representing over 30% of total stocks or of the total investment amount, whose foreign investment amount is over KRW 100 million, and which are registered as foreign-invested businesses under Article 21 of the Foreign Investment Promotion Act.

Occupancy limitations

• The factory construction area size is subject to the site area size, which is based on the Standard Factory Area rate according to manufacturing businesses specified under the Notice on Article 8 - Paragraph 2 of the Industrial Sites and Development Act.
• Leased area limitation by business
  • Complex type : Under the area size equivalent to the value of 100% of the foreign investment amount
  • Individual type : Under the area size equivalent to the value of 50% of the foreign investment amount

Support overview

• Support for business location : Rent break recipients after requests for rent breaks are approved.

  Provision of site: 50 years (the contract shall be renewed every 10 years)

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  Business Overview

  Exemption	Target business	Note
  100%	Businesses operating in areas designated as individual-type foreign investment area Business accompanied with advanced technology and an investment of USD1 million and more Material parts production industry with an investment of USD5 million or more (material parts-type foreign investment area) Manufacturing business with 200 full-time workers and an investment of USD2.5 million or more
  90%	Manufacturing business with more than 150 but less than 200 workers and an investment of USD2.5 million or more
  75%	Manufacturing business with an investment of USD5 million or more Manufacturing business with more than 70 but less than 150 workers and an investment of USD2.5 million or more Business determined by the deliberation of the Foreign Investment Committee

• Support for taxes : Tax-break recipients after requests for tax breaks are approved

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  Support for taxes : Tax-break recipients after requests for tax breaks are approved

  Type	Introduction of Capital Goods			Acquisition Tax	Property Tax	Note
  	Customs Duty	Special Consumption Tax	VAT
  New Growth Industrial Technology (Advanced Technology-accompanying Business)	100% for 5 years			100% for 15 years	100% for 15 years	Over USD2 million of foreign investment (FDI)
  Individual-type Foreign Investment Area	100% for 5 years			100% for 15 years	100% for 15 years	Over USD30 million of foreign investment (FDI)
  Complex-type Foreign Investment Area	100% for 5 years	-		100% for 15 years	100% for 15 years	Over USD10 million of foreign investment (FDI)

Contact Information

• Investment Attraction Section of the Corporate Support Division, Gumi City
• Tel : 054-480-6132
• Fax : 054-480-6109