Solaseado

Investment Strengths

Classification

20,899,330㎡

Empty new town, can incorporate Fourth Industrial Revolution technology

Best solar radiation in the country, second-most farming families in the country (150,000 Households)

Tourism Environment

Creating a new growth tourism belt on the southwest coast (4 trillion KRW investment)

Surge of new visitors due to the designation of the Mokpo Modern Culture and History Zone

Mokpo Marine Cable Car (Opening in September 2019)

Shinan County Cheonsa Bridge opened in April 2019 (2.2 million people / 100 days)

Natural Environment

Ecotourism using natural resources

A vast flatland and inland waterway surrounded by two lakes and the Yellow Sea
- No. 1 in National Environment Survey for Yeongam Lake, and Kumho Lake

Climate Conditions

Fine dust-free areas (8.7% of the national average) : Mokpo 41μg/㎥
※ Nationwide 47μg/㎥, 44μg/㎥ in Jeju, 49~62μg/㎥ in Gyeonggi Province
(WHO Standard: bad levels 51~75㎍/㎥)

Temperate climate (a yearly average of 14°C) with outdoor activities available for all four seasons

Behind-the-scenes Infrastructure

Fostering talent centered on the Fourth Industrial Revolution (GIST, Energy, S/W Convergence University, etc.)

Automotive Infrastructure (F1 racecourse, tuning center, e-mobility center)

Bitgaram Energy Valley (Korea Electric Power Corp. and 16 other public organizations)

Namak New Town (Jeonnam-do Provincial Government), Daebul National Industry, Samho General Industrial Complex

Local Government Support

Department in charge of corporate cities

Jeollanam-do corporate city office

Haenam-gun enterprise city team in operation

Classification

6.32 million pyeong

Empty new town, can incorporate Fourth Industrial Revolution technology

Best solar radiation in the country, second-most farming families in the country (150,000 Households)

Tourism Environment

Creating a new growth tourism belt on the southwest coast (4 trillion KRW investment)

Surge of new visitors due to the designation of the Mokpo Modern Culture and History Zone

Mokpo Marine Cable Car (Opening in September 2019)

Shinan County Cheonsa Bridge opened in April 2019 (2.2 million people / 100 days)

Natural Environment

Ecotourism using natural resources

A vast flatland and inland waterway surrounded by two lakes and the Yellow Sea
- No. 1 in National Environment Survey for Yeongam Lake, and Kumho Lake

Climate Conditions

Fine dust-free areas (8.7% of the national average) : Mokpo 41μg/㎥
- Nationwide 47μg/㎥, 44μg/㎥ in Jeju, 49~62μg/㎥ in Gyeonggi Province
(WHO Standard: bad levels 51~75㎍/㎥)

Temperate climate (a yearly average of 14°C) with outdoor activities available for all four seasons

Behind-the-scenes Infrastructure

Fostering talent centered on the Fourth Industrial Revolution (GIST, Energy, S/W Convergence University, etc.)

Automotive Infrastructure (F1 racecourse, tuning center, e-mobility center)

Bitgaram Energy Valley (Korea Electric Power Corp. and 16 other public organizations)

Namak New Town (Jeonnam-do Provincial Government), Daebul National Industry, Samho General Industrial Complex

Local Government Support

Department in charge of corporate cities, Jeollanam-do corporate city office, Haenam-gun enterprise city team in operation

Incentives

Tax Exception Eligible

Domestic and foreign-investment enterprises (Limited to newly established corporation)

Corporate Tax / Income tax

Domestic/foreign investment company (investment by foreign companies in parenthesis): 100% for three years and 50% for two years.
- Manufacturing, etc. (business services such as engineering) : 2 billion KRW(over $10 million), 30 or more full-time workers
- R&D : 5 billion KRW(over $2 million), 10 or more full-time workers
- Logistics : 1 billion KRW (over $5 million), 15 or more full-time workers
- Project Operator : Over 100 billion KRW

Local Tax

Domestic/foreign investment companies: 50% reduction in acquisition tax, 50% reduction in property tax (until December 31, 2019)
※ Income tax/income tax reduction industry, amount and standard are the same
※ Exemption of Special consumption tax related to golf course within corporate city

Regulation Exceptions

Permission to establish foreign educational institutions (university)

Permission to establish foreign hospital (including domestic patients)

Special exemptions for foreign investment companies
- Simplification of visa issuance and extension
- Deregulation of labor laws: mandatory employment, exclusion from paid leave, deregulation of dispatched workers
- Casino for foreigners
- Payment support for foreigner teaching faculty

Government Aid Access Road

Support for necessary resources for the development of infrastructures, such as access roads, water, and sewage facilities

Other

Support for site creation and installation of convenience facilities (company lease terms)

Priority support for employment training expenses

Tourism Investment Benefits

Tax Exemption :
- 100% tax exemption for $10 million for 3 years of tourism investment / 50% for 2 years, local tax exemption for 15 years

Infrastructure :
- Designated as foreign investment area with $20 million in investment (funds for designation and development)
- Roads, water facilities, gas, power, and sewage treatment plants

Tax Exception
Eligible

Domestic and foreign-invested enterprises
(Limited to newly established corporation)

Corporate Tax / Income tax

Domestic/foreign investment company (investment by foreign companies in parenthesis) : 100% for three years and 50% for two years.
- Manufacturing, etc. (business services such as engineering) :
  2 billion KRW (over $10 million), 30 or more full-time workers
- R&D : 5 billion KRW (over $2 million), 10 or more full-time workers
- Logistics :
  1 billion KRW (over $5 million), 15 or more full-time workers
- Project Operator : Over 100 billion KRW

Local Tax

Domestic/foreign investment companies: 50% reduction in acquisition tax / 50% reduction in property tax (until December 31, 2019)
※ Income tax/income tax reduction industry, amount and standard are the same
※ Exemption of Special consumption tax related to golf course within corporate city

Regulation Exceptions

Permission to establish foreign educational institutions (university)

Permission to establish foreign hospital (including domestic patients)

Special exemptions for foreign investment companies
- Simplification of visa issuance and extension
- Deregulation of labor laws: mandatory employment, exclusion from paid leave, deregulation of dispatched workers
- Casino for foreigners
- Payment support for foreigner teaching faculty

Government Aid
Access Road

Support for necessary resources for the development of infrastructures, such as access roads, water, and sewage facilities

Other

Support for site creation and installation of convenience facilities (company lease terms)

Priority support for employment training expenses

Tourism Investment Benefits

Tax Exemption: 100% tax exemption for $10 million for 3 years of tourism investment, 50% for 2 years, local tax exemption for 15 years

Infrastructure :
- Designated as foreign investment area with $20 million in investment
  (funds for designation and development)
- Roads, water facilities, gas, power, and sewage treatment plants

Investment Inquiries

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솔라시도 담당자가 최대한 빠르게 답변드리도록 하겠습니다.

홍석원 과장02-721-8855swhong@bosung21.com
염주영 사원02-721-8169yeomju@bosung21.com
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