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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

  • Non-approved area for execution plans

    Approved area for execution plans

  • STEP 05

  • 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

  • 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

  • Completion of construction

    Completion of construction

  • STEP 12

  • Follow-up management

  • Commencement of business

    Commencement of business