Industrial Complex · South Korea
Waegwan General Industrial Complex
35.9631°, 128.4140°
251 ha
Zone area
87.7 km
Nearest port
23.2 km
Nearest airport
Gateway access
Zone profile
Zone type
Industrial Complex
Region
North Gyeongsang
Established
1992
Management
State-owned enterprise
Operator
Waegwan Industrial Complex Management Corporation
Regulatory authority
National, provincial or city-level governments
Legal framework
Industrial Sites and Development Act, and the Industrial Placement and Factory Act
Location
Fiscal & incentives
Corporate tax
22%
Tax relief
100% exempt
Relief duration
5 years
VAT
No exemption
Import duty (inputs)
0% exempt
Import duty (capex)
100% exempt
Profit repatriation
No exemption
Capital gains
No exemption
Withholding tax
No exemption
Min. investment
$30M
Min. export
0%
Employment incentive
Employment and training subsidies available to companies that newly employ 20 more individuals
Developer incentive
No established framework
Nearby Logistics Neighbours
Airports
- 1Daegu International Airport23 km
- 2Yecheon Airbase74 km
- 3Pohang Airport (G-815/K-3)91 km
- 4Ulsan Airport94 km
- 5Gimhae International Airport99 km
Cities
- 1Chilgok-gun3 km
- 2Waegwan4 km
- 3Gumi14 km
- 4Goryeong-gun15 km
- 5Seongju-gun15 km
DatabookThe Record of Consolidated Knowledge
South Korea beyond logistics?