- home
- Incentive
- Incentive
- Designating the Foreign Investment Zone
Designating the Foreign Investment Zone
Designating the Foreign Investment Zone
- Foreign investment zones are areas designated and declared by mayors or provincial governors to
facilitate foreign investment
in accordance with the Foreign Investment Promotion Act
- Foreign investment zones operated by the Seoul Metropolitan Government are classified into
service-type and individual- type zones.
Each type has different requirements, types of resident businesses, and incentives for investment.
Service-type
-
Areas (including buildings) for lease or transfer to foreign-invested companies in high-value-added
services such as finance, R&D, etc.
Eligibility
| R&D business | Hiring five or more dedicated researchers |
|---|---|
| Financial and insurance business | Hiring 15 or more people |
| Knowledge service industry | |
| Cultural industry | |
| Tourism (excluding casino business) |
Requirements
- Foreign investment ratio of at least 30 percent
- Investing more than the total subsidy for building rent
Investing more than 100 percent of the land or building price corresponding to rental space, except for building rent
Details
- Rental fee : Up to 50 percent of the standard rental fee(security deposit not included)
- Duration : Within the occupancy agreement period, up to five years. Renewal of the occupancy agreement available one time only for the same period
- Payment : Ex-post settlement of rent on a yearly basis
Current status of Service-type foreign investment zones designated by SMG
| Location | Dimension | Company | Date of initial designation |
|---|---|---|---|
| 330 Sangam-dong, Mapo-gu | 3,624.5㎡ | Intuitive Surgical Korea | April 2017 |
| 330 Sangam-dong, Mapo-gu (High Tech Industry Center) | 779.69㎡ | ABiotech | December 2018 |
| ASEM Tower, Gangnam-gu | 1,458㎡ | Boeing Korea Engineering Technology Center | December 2019 |