Foreign Investment Zone · South Korea
Pyeongdong Foreign Investment Zone Under Development
35.1331°, 126.7712°
117 ha
Zone area
52.6 km
Nearest port
3.3 km
Nearest airport
Gateway access
Zone profile
Zone type
Foreign Investment Zone
Region
South Jeolla
Status
Under Development
Established
2001
Management
State-owned enterprise
Operator
KICOX
Regulatory authority
Mayor or provincial governor
Legal framework
Foreign Investment Promotion Law and Enforcement Decree
Location
Fiscal & incentives
Corporate tax
22%
Tax relief
100% exempt
Relief duration
3 to 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
Manufacturing investment of $10 million; tourism investment of $10 million; logistics investment of $5 million; no minimum requirement for high-tech firms
Min. export
0%
Employment incentive
Employment and training subsidies
Developer incentive
No established framework
Nearby Logistics Neighbours
Ports
- 1Mokpo53 km
- 2Gwangyang Hang93 km
- 3Kunsan96 km
- 4Masan163 km
- 5Chinae171 km
Airports
- 1Gwangju Airport3 km
- 2Muan International Airport39 km
- 3Yeosu Airport84 km
- 4Gunsan Airport / Gunsan Air Base87 km
- 5Sacheon Airport / Sacheon Air Base118 km
Cities
- 1Gwangju2 km
- 2Naju14 km
- 3Jangseong/Jangseong-gun19 km
- 4Hwasun-gun21 km
- 5Muan-gun24 km
DatabookThe Record of Consolidated Knowledge
South Korea beyond logistics?