Investment Guide
Investment Guide Procedures
- Initial Contact: Consultation via phone call or personal visit to local governments of province, cities, and counties (guns), and the Free Economic Zone
- Investment Consultations: regarding-investment environment, investment conditions, establishment of business plans, and search for potential sites
- Site Selections: on-site guidance, site purchases, settlement of contracts, and review of all subsidy systems
- Signing the Agreement on Investment: Mutual agreement on investment plans and for administrative/financial support
- Support for Licensing and Approval: Permission for industrial purposes (or farming purposes) land and construction, business establishment, and factory registration, preliminary environment studies, deliberation of zone level plans, and approval for business plans
- Establishment of Factories: completion and operation of factories
Investment Guide Procedures
Support Processes for Foreign-Invested Companies
- Steps
- Investors
- Jeollanamdo
STEP 01
Investment consultations
Investment policies for foreigners, foreign investment environment, tax reductions/exemptions and subsidies, labor market
STEP 02
Site selection
On-site guidance, preliminary feasibility studies, deliberation of projects for potential investment, size of business types, environmental effect evaluations, review of subsidy systems
STEP 03
MOU signing
STEP 04
Submission of business plan
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Non-approved area for execution plans
Approved area for execution plans
STEP 05
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Feasibility study
Feasibility study
STEP 06
Foreign investment report
-
Designation of business operators
STEP 07
Corporation establishment
-
Designation of business operators
Land purchas
STEP 08
Foreign-invested company registration
-
STEP 09
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Approval for execution plans
(Land purchas)Approval for factory establishment Construction permission
STEP 10
Tax and finance-related support
-
Implementation of construction
Implementation of construction
STEP 11
Expat assistance for living in Korea
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Completion of construction
Completion of construction
STEP 12
Follow-up management
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Commencement of business
Commencement of business