Industrial Complex · South Korea
Hwajeon General Industrial Complex Active
35.1493°, 128.8290°
29 ha
Zone area
16.4 km
Nearest port
10.5 km
Nearest airport
Gateway access
Zone profile
Zone type
Industrial Complex
Region
South Gyeongsang
Status
Active
Established
2010
Management
Public agency
Operator
Busan-Jinhae Free Economic Zone Authority
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
Ports
- 1Chinae16 km
- 2Busan19 km
- 3Masan24 km
- 4Ulsan62 km
- 5Gwangyang Hang102 km
Airports
- 1Gimhae International Airport11 km
- 2Ulsan Airport69 km
- 3Sacheon Airport / Sacheon Air Base69 km
- 4Daegu International Airport84 km
- 5Tsushima Airport107 km
Cities
- 1Changwon7 km
- 2Busan New Port7 km
- 3Busan13 km
- 4Koryong14 km
- 5Jinhae16 km
DatabookThe Record of Consolidated Knowledge
South Korea beyond logistics?