Investment Information
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) |
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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 |
Climate Conditions |
Fine dust-free areas (8.7% of the national average) : Mokpo 41μg/㎥ Temperate climate (a yearly average of 14°C) with outdoor activities available for all four seasons |
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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 |
Climate Conditions |
Fine dust-free areas (8.7% of the national average) : Mokpo 41μg/㎥ 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) |
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Corporate Tax / Income tax |
Domestic/foreign investment company (investment by foreign companies in parenthesis): 100% for three years and 50% for two years. |
|
Local Tax |
Domestic/foreign investment companies: 50% reduction in acquisition tax, 50% reduction in property tax
(until December 31, 2019) |
|
Regulation Exceptions |
Permission to establish foreign educational institutions (university) Permission to establish foreign hospital (including domestic patients)
Special exemptions for foreign investment companies |
|
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 :
Infrastructure : |
Tax Exception | |
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Eligible |
Domestic and foreign-invested enterprises |
Corporate Tax / Income tax |
Domestic/foreign investment company (investment by foreign companies in parenthesis) : 100% for three years and 50% for two years. |
Local Tax |
Domestic/foreign investment companies: 50% reduction in acquisition tax / 50% reduction in property tax
(until December 31, 2019) |
Regulation Exceptions | |
Permission to establish foreign educational institutions (university) Permission to establish foreign hospital (including domestic patients)
Special exemptions for foreign investment companies |
|
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 : |