[Brochure] Saemangeum Investment Guide (2016)

English version
Hub of Asia, Heart of Future saemangeum
Saemangeum Investment Guide
(30064) 31 Dasom 1-ro, Sejong-si, Republic of Korea
T. +82-44-415-1000 F. +82-44-415-1251
www.saemangeum.go.kr
January 2016

0302 Saemangeum Investment GuideHub of Asia, Heart of FutureSaemangeum Development and Investment Agency
Saemangeum opens new values to NEA's economy.
As the global free trade hub, Saemangeum sets new standards
for industry, tourism and leisure, and eco-environment.
The land of hope and opportunities.
Find new possibilities in saemangeum.
World’s Longest
SeaWall
33.9
billionUSD bil.USDbil.USD
㎞
Project CostTwo thirds of Seoul
Contents Location 04 • Development strategy 06 • Land use plan 08 • Infrastructure 09
Site overview 10 • Investment Status : Industrial complex 11 • FAQs 12 • Investment procedures 18
Big Market
City of New Possibilities
Hub ofAsia,
Heart of Future
㎢ billionpeople
409 22 15

Gimpo International Airport
Seoul
180㎞
Russia
CHINA
TAIWAN
JAPAN
KOREA
250㎞
BusanPort
saemangeum
saemangeum
Suwon
Vladivostok
Dalian
Beijing
Tianjin
Yantai
Tsinan Qingdao
Nanjing
Shanghai
Hong Kong
Taipei
Osaka
Seoul
Tokyo
Cheonan
Daejeon
Ulsan
Daegu
Gwangju
Jinju
Cheongju International Airport
Daegu International Airport
Gimhae International Airport
Muan International Airport
90-minutedistanceto
MuanInternationalAirport
Incheon International Airport
Gunsan Airport
•Less then three-hour distance from major cities of Korea such as Seoul, Incheon and Busan
•Easily accessible through interconnected transportation system
• Strategically situated at the center of west coast industrial belt and tourism belt, laying the
foundation for Korea's creative economy
Center of Korean Economy
1hr
2hr
Location
• Strategic location at the heart of North East Asia
with easy access to huge markets(China, Japan, etc.)
• Perfect base for global businesses to advance into China
thanks to close proximity to Chinese economic zones.
• Profound understanding on and support for international cooperation
as well as global free trade.
Economic Heart of North East Asia
Adjacenttomajorglobalmarkets
includingChina,JapanandRussia
Easilyaccessiblewithinthreehours
frommajoreconomicbasesinKorea
Global Free Trade Hub

Development Strategy
Phased Development Development Strategies
Saemangeumprojectisdividedinto3phases.First,weaimtomaterialize
investment conditions as well as developing land for China-Korea
Economic Cooperation Complex by 2017. Second, the following four
yearswillbefocusedonprivateinvestmentpromotion.Lastly,weplanto
finalizeinternaldevelopmentbyintroducingglobalstandards.
Saemangeumisdevelopingworld-classbusinessenvironmentinordertobecomeaglobalopencity.
Hereareoursignificantdevelopmentstrategiesthatwillrealizeourvision.
Initiation and
Visualization
Expansion of Private
Investmant
Internal Development
Promotion
City of New Possibilities
~2017
2018~2022
2023~
Phase1
Phase2
Phase3 5 Goals of Saemangeum Project
Attractive Investment Environment
International Cooperation for Economic
Cooperation Complex development, and
introduction of tailor-made incentives and
deregulation.
Consumer-oriented City
Flexible development plan guaranteed for
changingconditionsanddemands.
(open-planning)
Comfortable Eco-friendly City
Eco-friendly waterfront city with premium
globallivingstandards.
City of
Deregulation
and Incentives
Tailor-made
Open Plan City
Vibrant Green
Waterfront City
Premium City for
Living Exchange
International
Economic
Cooperation
Hub

Land use plan Infrastructure
Various and Flexible Use of Land Well-connected Transport System
Global corporations are higly concerned with transportation and logistics. Saemangeum, the business hub of NEA, is well
equipped with transportation network and various distribution channels including New Saemangeum Port. Major cities with
more than a million population are now easily accessible within a half business day from Saemangeum.
IndustryResearch
(41.7㎢)
•Clusterofmajorindustries,newgrowthengineindustries,and
ralatedresearchfacilities.
International
Cooperation
(52.0㎢)
•Industry,logistics,intelligenceandtechnologicalinnovation
internationalcooperationandculturaltourism,andurbanservice
•Priordevelopmentofeconomiccooperationcomplexthrough
internationalcooperation
LeisureTourism
(36.8㎢)
•Buildinglarge-scaleleisureandtourismcomplexthrough
attractionofglobaltourismcapital
•Integrationofvariousleisurefunctionforglobaltourismmarketing
Agro-bio(94.3㎢) •Cutting-edgeagriculturalarea
Residential(Urban)(10㎢) •Premiumwaterfrontarea
Eco-environment (42.0㎢) •Environmentalprotectionnaturalandecologicalsites
6 Function Areas
Ground
Water Air
Dynamic and flexible business strategy is the key to winning out ever-growing global competition.
Saemangeum ensures flexible and autonomous use of land to guarantee developers’success as well as multifunctional uses.
Planned
Guidelines for
Land Use
Flexibility
Setminimumandmaximumrangeforlandsize
accordingtofunctionandusage
Autonomy
Developer'sowndecisionson
locationsareallowedtotheextentof
linksbetweenindividualbusinesses.
Multipurpose
Multipurposelandusageisallowed
withinacertainrangeforcomplex
developmentofvariousfunctions.
3x3internalroadnetworkconnectingto
nationwideexpressway
East-West2ndAxisRoad(4lanes,20.4㎞)
From New Saemangeum Port(West point) to Jeonju and
allthewaytoPohang(Eastpoint)
North-South2ndAxis Road(6~8lanes,26.7㎞)
FromSaemangeumindustrialcomplexto
LeisureTourismarea
Saemangeum-JeonjuExpressway
NewSaemangeumPort-DaeyaRailway
■ IndustryResearch
■InternationalCooperation
■ LeisureTourism
■ Agro-bio
■Residential(Urban)
■Eco-environment
NewSaemangeumPort
18berthscovering5㎢tobe
constructedby2030.
Earlyintroductionof4berthsby2020.
GunsanPort
30berthswithannualvolumeof
200,000-TEU.
Airportarea(6㎢)securedfor
internationalflightsinSaemangeum.
CurrentlyGunsanAirportisthe
closestairporttoSaemangeum.
Muaninternationalairportis
90min-away,andCheongju
internationalairport120minutes.
East-West 1st
Axis
East-West 2nd
Axis
Saemangeum-Jeonju
Expressway
East-West 3rd
Axis
North-South 1st
Axis
New Saemangeum
Port Station
Namgunsan
Station
Daeya
Station
Janghang Line (planned)
Gunjang Industrial Complex
Railroad (under design
and construction)
Iksan
Station
Saemangeum
Station
Gunsan Airport
Station
North-South 2nd
Axis
Saemangeum-Daeya
double-track railway
North-South 3rd
Axis
Seohaean
Expressway
Honam High
Speed
Railway (KTX)

Site overview Investment Status : Industrial complex
Shinsi-YamiDistrict
GogunsanIslandsDistrict
LeisureTourism
Zone1
Leisure
TourismZone2
③ International Cooperation Area
Development in Progress
Parts of Industry Research Area and Tourism Leisure area are currently transforming into a strategic
hub of high-tech industries, RD, and logistics, while Shinsi-Yami District is already available for immediate
development.
Favorable Choice for Global Companies
Future is for those who prepare and act first. Already a number of global companies have joined
Saemageum for brighter future, which has developed strong ties with China, the rising world
economic center.
④ Leisure Tourism Area
• Project Developer :
(Zone1- 1.1㎢ out of 9.9㎢) Jeonbuk Development Corp.
(Zone2 - 21.7㎢) TBD
• Development status : Prior development of 1.1㎢
from Zone 1
• Project Developer :TBD
• International business, industrial logistics, cultural
tourism,etc.
Gogunsan Link Road
•To connect four islands
•Project cost : 340 million USD
•Area : combined length of 8.77㎞/width of 15.5m
(under construction)
•Construction period : 2007 to 2017
② Shinsi-Yami District
•Project developer being determined (1.9㎢
available for immediate use)
1
2
3 5
4
① Industry Research Area
• Project Developer :
Korea Rural Community Corp.
• Developmental status : Reclamation and
infrastructure underway (industrial complex
18.7㎢)
⑤ Agro-bio Area
• Project Developer : Korea Rural Community Corp.
• Development status : (Lot 5- 15.13㎢) Under
construction
(Lot 2·6 - 20.6㎢) Under reclamation
Investment amount : 103 million USD
No. of employees : 80
Area : 69,934㎡
Business : High-disperse silica (for eco-friendly tires)
construction period : April 2015 to June 2016
Investment amount : 1.9 billion USD
No. of employees : 2,000
Area : 571,352㎡
Business : Poly silicon (for solar energy)
construction period
• 1st
construction stage to be completed
by 2019
• 2nd
construction stage to be completed
after 2019 (Units 3, 4 and 5)
Area : 215,000㎡
Business : PPS resin (components for
electronic and electric goods)
construction period
• December 2013 to February 2016
Investment amount : 2.4 million USD
Area : 6,612㎡
Business : Heat exchangers and tanks
construction period
• March 2015 to August 2015
Area : 165,000㎡
Business : Cogeneration plant (heat and
steam)
construction period
• december 2013 to March 2016
Solvay (Lot 2)
OCI (Lot 1)
Toray (Lot 2)
ECS (Lot 2)
OCISE (Lot 2)
Development Status Testimonials

Join Saemangeum for Brighter Future
A. Highly accessible from major transportation hubs.
A. 1. Geographical Advantage Saemangeum is located in proximity to huge global
markets like China, Japan and Russia, and can easily access major cities with over 1
million population within 3 hours.
2. Industry Cluster Adjacent to numerous national industrial complexes as well as
colleges and research institutes, allowing synergy effects through clustering and
collaboration.
3 New Territory Newly created area in Saemangeum is a state-owned land free of any
conflict and regulation, which ensures creative development.
4. Government-led Development Project As part of the governmental support, Special
Act on Saemangeum has been introduced, and as the test-bed for creative economy,
Saemangeum is taking deregulation in order to create business-friendly climate.
5. International Cooperation China and Korea have forged bilateral cooperation
at state-level for the development of China-Korea Economic Cooperation
Complex(CKECC).
A. 1. Industrial Area Compared to other economic zones in Korea, Saemangeum offers
highly reasonable land price at 151,249KRW/㎡(≒130 USD/㎡). while industrial area
in Seamangeum costs 500,000KRW per 3.3㎡, Songdo, Incheon, costs 1.7million KRW,
Yeongjongdo, Incheon 4 million KRW, and Busan 1.8million KRW.
2. Leisure Tourism Area The estimated land price of Leisure Tourism zone 1 is
96,000 KRW/㎡(80 USD/㎡), and Gateway area 48,000 KRW/㎡(40 USD/㎡). The
estimated average price of the Shinsi-Yami District is 112,600 KRW/㎡(96 USD/㎡),
and Gogunsan Islands District is 147,610 KRW/㎡(126 USD/㎡).
• Shinsi District 1: 78,350 KRW/㎡(67 USD/㎡), Shinsi District 2: 163,170 KRW/㎡(139
USD/㎡)
• Munyeo District 1: 179,600 KRW/㎡(153 USD/㎡), Seonyu District: 206,590 KRW/㎡(176
USD/㎡)
As of Oct.2015.
Q. Transportation
systems to
Saemangeum?
Q. Saemangeum’s
competitiveness?
Q. Land price?
A. Foreign-invested companies can receive a wide range of benefits from tax breaks,
simplified administrative procedures to living convenience.
• National tax benefits
① Corporate and income tax will be exempted for five to seven years according to
investment scale and business type.
② Corporate and income tax will be exempted for five years for project developer.
③ Customs, individual consumption tax and VAT on other capital will be fully
exempted for five years.
• Local tax benefits
Acquisition and property taxes will be exempted for maximum 15 years.
• Cash grants
Investment with foreign ratio of 30% or more are eligible for cash grants up to 30% of
investment amount(40% in case of RD)through negotiation.
• Resident benefits
Benefits in rent and lease period(up to 100yrs).
• Subsidy benefits
Up to 5 billion KRW of investment subsidy can be granted. A monthly employment
subsidy of 1 million KRW per person will be provided to corporations with more
than 20 permanent employees for six months, and a monthly education subsidy of a
500,000 KRW per person under same condition.
• Simplified administrative procedures
Approval of development plan will directly connect to one-stop licensing.
• Living convenience
Residents will enjoy higher living convenience including foreign educational
institutions (K-12 grades and university), foreign medical centers, rental homes for
expats, and foreign-language services and broadcasting.
A. • Benefits in common : Operational cost support for five years at institutional level (less
than 1 billion KRW per year)
• Non-profit organization, comany research institute : National 50%, local 50%, private
100%
• University research institute : National 50%, local 50%, private 100%, and more (annual
subsidy)
Q. Incentives or
benefits for
foreign-invested
companies?
Transportation Section Distance Time
West-seaExpressway Seoul↔Gunsan 202㎞ 2hours10minutes
Railway Seoul↔Iksan(KTX) 208㎞ 1hour14minutes
Airport SaemangeumIndustrialComplex↔GunsanAirport Shortdistance 15minutes
Port
SaemangeumIndustrialComplex↔GunsanPort Shortdistance 15minutes
SaemangeumIndustrialComplex↔
NewSaemangeumPort
Shortdistance 10minutes
Q. Investment
benefitsforforeign
educational
institutionsand
researchcenters?
FAQs

■Business ParticipationTypes
Details of investment may vary depending on the investor's business types and
conditions.
A. Corporations moving into Saemangeum Industrial Complex are allowed to invest
through moving-in (Jeonbuk Development Corp.companies) and land contract (Korea
Rural Community Corp.-companies) after discussion with Saemangeum Development
and Investment Agency. Construction must start within two years from the moving-in
contracts.
Developers will under the procedures of planner designation, development and
enforcement plan establishment, reclamation licensing transfer, business initiation and
construction completion.
A. For the convenience of living, various facilities such as commercial business complex,
residential complex, neighborhood public facilities, etc. will be introduced in each
function area. Moreover, in order to help settlement of foreign investors and their
families, education facilities, medical centers, etc. will be established as well.
A. We have no limits on investment destination(type of industry), but we do have target
industries for strategic investment attraction.

A. ■Qualifications
Q. Promising
industries in
Saemangeum?
Q. Qualifications
and types of
participation?
Q. Investment
process?
Target Industries
(Industry Research Area) High-tech industries and RD districts will be established
with benefits being available immediately
- Parts and materials, chemistry or U-turn corporations, profitable industries in RD
experiment equipment sharing and inter-corporation technology exchange, and
agriculture and sea food processing complex
(Leisure Tourism Area) A resort will be built through tourism capital attraction from
abroad.
- Leisure Tourism Area 1 and 2 (resorts, shopping, theme parks, golf courses, and
boat race and horse riding courses)
- Shinsi-Yami District (marine theme tourism, water sports, medical resorts, golf
courses)
- Gogunsan Islands District (marine recreational resorts, marine cultural exhibitions,
casino hotels)
Business Planner
•General construction corporations : capital or estimated value of construction capacity
higher than annual average of development project
•Real estate investment corporations : capital higher than 15/100 of project cost from
development project
Corporations with annual average investment performance over past three years that reaches
annual average cost of project
•Property developers: annual average performance over past three years that reaches annual
average cost of project
•Korea Federation of Small and Medium-sized Businesses : Interested parties who supply part
or all of the land of the Saemangeum project to union members or business operators through
purchaseorrental
•Foreign-invested companies : foreign investment ratio higher than 50/100
Companies with foreign investment amount higher than 5/100 of development project cost
Corporations Moving in
•Corporations with appropriate business types under basic management plans of
industrial complex
- Manufacturing (machine, components, new materials, chemistry and bio)
- Customs clearance, RD, technological support, educational service (including universities)
and film production
- Resort, theme park (game or health care) golf courses and accommodations
Reclamation
Site
developmnet
Land
supply
Land
purchase
Installation of
facilities
Moving in
ProjectDeveloper Tenant
Company
02
Tenant
Company
Movesintofully
developedlandfor
businessactivities
Reclamation Site developmnet Installation of facilities Selling of land
Rawlanddeveloper
01
Project
Developer(SPC)
Participatesfrom
initialstage,fromland
reclamationtosite
developmentandtoselling
ofland
ProjectDeveloper
ProjectDeveloper
reclamation
Q. Settlement
condition?
FAQs

A. A real estate investment immigration system, a major benefit contributing to
stimulating investment, is under discussion with related authorities. As investment
conditions improve via specific investment project, more discussions will follow on
deciding particular areas and investment standard amounts.
A. Way of payment differs depending on payment method
• One-off payment : Ten percent of the down payment shall be paid on the contract
date, more than 40 percent of the middle payment within three months of the contract
date, and the remaining balance within five months.
• Installment :Ten percent of the down payment shall be paid on the contract date, and
the installment payment period for the remaining balance shall be decided depending
on land purpose and cost. Installments should be paid with interest. Interest rate
standard for installment (before the conclusion survey) shall be based on area account
settlement date or approval date of land use before completion of construction.)
A. It depends on land type.
• Industrial complex area : Buildings are permitted for factories, warehouses,
apartments or dormitories. Building coverage will be under 70 percent and floor area
ratio under 300 percent. No limit will be set for the number of stories.
• New regeneration energy area : Buildings are permitted for factories, warehouses,
apartments, dormitories, venture company accumulation centers or research centers.
Building coverage will be under 60 percent and floor area ratio under 300 percent.The
number of stories should be lower than 10.
A. Foreign-invested companies and their partners can move in. Industrial districts for
long-term rental will cover about two million㎡ in accordance with Saemangeum Basic
Management Plans. About 200,000㎡ will be provided in District 1 (mountain, Zone 8)
in advance, and part of the land (52,528㎡) was purchased in 2015 for this purpose.
Land can be rented within 50 years and the lease is extendable for another 50 years.
Rent will be calculated from the property amount times one percent. Rents of 100,
90 or 75 percent can be applied depending on business type, investment amount
and employment status, and an extra discount of up to 10 percent will be applied to
target industries including parts and materials for cars and flights, high-tech and fine
chemistry industry for stimulation of investment.
A. Full facility support and consideration will be provided for corporations that move in.
• Water : A combined 96,000 tons (390 KRW/ton) of industrial water and 28,000
tons (1,040 KRW/ton) of consumer water will be supplied daily from Osik-do Water
Distribution Reservoir near Saemangeum Industrial Complex. Water will be instantly
supplied through waterworks upon application.
• Gas : A gas pipe for Saemangeum Industrial Complex will be built by November 2017,
as well as a gas supply facility covering 23,375㎥ at Saemangeum Industrial Complex.
Corporations can have a stable gas supply from early 2018. (Summer time: 19.8909
KRW, winter time: 20.3942 KRW).
• Electricity : Gunjang Substation supplies electricity (59.2~89.6 KRW/kWh) to
corporations, but new electricity infrastructure (2,000MW) is planned for a more stable
supply.
A. About 3,000 students in the province graduate from 10 universities every year, and
5,000 field workers are trained yearly. In addition, seven departments with a combined
670 students will take classes at Saemangeum Campus, the academic-industrial multi-
campus of major universities nearby (Kunsan National University, Chonbuk National
University, Howon University and Kunjang University College). For now, about 400
students from Kunsan National University and Kunjang University College have
transferred.
A. As a new growth engine for the Korean economy, Saemangeum has gained keen
attention from the central government. Korea is strengthening deregulation policies
as a major task for business vitalization through government department cooperation.
In the Trade Investment Promotion Meeting held in April 2015, Saemangeum was
designated a Special Deregulation Zone and deregulation policies were arranged in
many fields able to attract investments including employment, environment, labor,
moving, immigration and clearance under the chairmanship of the Korean president.
As a result, more policies have been implemented such as employment extension
for foreigners, simplified visa procedures for investors, exemption for the cost of
balanced land purchase after public surface reclamation of water, and designation
of bonded areas. And recognizing the needs of business vitalization through more
drastic deregulation, more policies are being discussed to provide larger benefits in
development, tax, immigration and clearance by comparing the strengths of other
successful economic hubs abroad.
Q. Utilities?
Q. Workforce?
Q. Goverment's
deregulation
efforts?

Q. Plans for real
estate investment
immigration
system?
Q. Payment for
industrial
complex?
Q. Restrictions
on buildings
in industrial
complex?
Q. Lease area and
related benefits?
FAQs

18Hub of Asia, Heart of FutureSaemangeum Development and Investment Agency
Investment procedures
One-Stop Invesment Consulting
Saemangeum development and investment agency offers one-stop consulting by designating proper project managers.
Our service covers general information on Saemangeum, regulations and tax issues, tips on foreign investment incentives,
investment conditions, search for promising investment partners, civil complaints related to foreigner investment,
administrative support between governments and institutions, and other forms of support to facilitate the investment
process. Online consulting is also available on our official website.
www.saemangeum.go.kr investment information one-stop service
※ Please C.C Minaha Kim(iwadif@korea.kr) to ensure your mail has been delivered to appropriate
department / person.Thank you.
Investment consultants
InvestmentConsulting01
ForeignInvestmentReport02
InvestmentFundTransfer
(foreigncapital)
03
RegistrationofIncorporation04
CapitalTransferthrough
CorporateAccount
06
EstablishmentofFactory07
RegistrationofForeign-
InvestmentCompany
(ManufacturingSales)
08
Business
(ForeignInvestmentCompany)
Registration
05
•Investmentconsulting(realestate,MA,factoryestablishment,movinginindustrialcomplex,
small to medium-size corporations, environment, construction and transportation, national
taxandduty,andregionaltaxes) ※Applicationformshallbesubmitted.(Inpersonorviaproxy)
•Openaccountatbank→receivecodenumbers
※Existinggoods(capitalgoods),cash
•Transferthroughcorporateaccountatbank CurrencyexchangesuchasUSDorJPY→KRW
•Foreignexchangepurchasecertificatetobeissued.
•Foreignexchangebanks(inKoreaordomesticbranchesofforeignbanks)
•InvestKorea(KOTRA)
•Registrationofincorporationshallbecompletedbycompetentcourt
-Officeaddressrequiredforrentalagreement
• Researchonlocationconditions(locationdesignation)
•Setupoffactory(writeupbusinessplan)
※Licensingrequiredforfactoryestablishmentorbusinessinitiation
•Requirescompletionatdistricttaxoffice
※Registrationmustbemadewithin30daysfrompaymentdateincludingobjectofinvestment.
• Registerwithauthorities→documentsrequired
-Registrationcertificateofforeigninvestmentcompany/businesslicense/FXpurchaseanddepositcertificate
YooKyeong-sik SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1062 ksyoo@korea.kr
YangGeon-sik SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1066 yks651025@korea.kr
BryanIm SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1074 bioim@korea.kr
KimJeong-eun SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1078 kje8183@korea.kr
KimMi-hee SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1233 china21@korea.kr
ChoiMoon-Soo SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1232 choimoonsoo@korea.kr
YeoKyeong-Joo SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1065 ykj08@korea.kr
KimChong-ho SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1061 whdghrla@korea.kr
LeeIl-kwon KoreaRuralCommunityCorp. ☎82.63.450.9032 ilkwaon.lee@ekr.or.kr
ParkJeong-nam JeonbukDevelopmentCorp. ☎82.63.280.2778 goda339@korea.kr
SonDong-wol SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1107 dongwol@korea.kr
ParkJeong-nam JeonbukDevelopmentCorp. ☎82.63.280.2778 goda339@korea.kr
LeeJun-hee SaemangeumDevelopmentandInvestmentAgency ☎82.44.415.1155 ikik@korea.kr
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[Brochure] Saemangeum Investment Guide (2016)

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