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Service-Based Foreign Investment Zone

Designation of Foreign Investment Zones

A foreign investment zone is designated and announced by a Mayor or Do Governor
under the Foreign Investment Promotion Act to vitalize foreign investment

Service-Based Foreign Investment Zone

Engaging in the service business with high added values,
such as finance and R&D
A zone(including buildings) designated for lease or transfer
to foreign direct invested companies
Eligibility
Eligibility
Research and development business At least 5 researchers hired
Financial and insurance business
Knowledge service industry At least 15 employees hired
Culture industry
Tourism(excluding casino)
Requirements
  • Foreign investment ratio of at least 30 percent
  • Investment equating to at least the total amount granted as building rent and at least 100 percent of the value equivalent to the leased land or building
Details
  • Amount limit : Up to 50 percent of the standard rent (not including a rental security deposit)
  • Duration : Up to five years during the term of the occupancy contract. One renewal to be allowed during the same period.
  • Payment : Ex-post settlement of rent on a yearly basis