Free Trade Zone · South Korea
Masan Free Trade Zone Active
35.2156°, 128.6021°
95 ha
Zone area
4.8 km
Nearest port
30.8 km
Nearest airport
Gateway access
Zone profile
Zone type
Free Trade Zone
Region
South Gyeongsang
Status
Active
Established
1970
Management
Public agency
Operator
Administration Agency of Masan Free Trade Zone, The Ministry of Knowledge Economy
Regulatory authority
Ministry of Knowledge Economy
Legal framework
Act on the Designation and Operation of Free Trade Zones
Location
Fiscal & incentives
Corporate tax
22%
Tax relief
100% exempt
Relief duration
3 years
VAT
No exemption
Import duty (inputs)
100% exempt
Import duty (capex)
100% exempt
Profit repatriation
No exemption
Capital gains
No exemption
Withholding tax
No exemption
Min. investment
Manufacturing investment of $10 million; logistics investment of $5 million; no minimum requirement for high-tech firms
Min. export
50%
Employment incentive
Employment and training subsidies
Developer incentive
No established framework
Nearby Logistics Neighbours
Ports
- 1Masan5 km
- 2Chinae10 km
- 3Busan41 km
- 4Ulsan77 km
- 5Gwangyang Hang85 km
Airports
- 1Gimhae International Airport31 km
- 2Sacheon Airport / Sacheon Air Base50 km
- 3Daegu International Airport76 km
- 4Ulsan Airport80 km
- 5Yeosu Airport99 km
Cities
- 1Masan4 km
- 2Jinhae10 km
- 3Koryong17 km
- 4Haman-gun19 km
- 5Busan New Port24 km
DatabookThe Record of Consolidated Knowledge
South Korea beyond logistics?