Korea Eases Requirements for FIZ Rental Rates
25 Aug 2014
The government of Korea halved the minimum 'Foreign investment amount' and 'Factory construction area ratio' applied to foreign investors in 'Complex-type foreign investment areas'. Prior to the revision, companies could benefit from a special rental rate (1 percent of the land value) only when its investment was more than double the amount of the land cost and when the ratio of the plant was more than double the building-to-land ratio (3-20 percent). Companies that failed to meet the requirements had to pay a rate of 5 percent.
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Promotion and facilitation (Special economic zones)
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