2. 02
Flight Hours to Major Regional Centers
· Beijing (1.5 hrs)
· Vladivostok (1.5 hrs)
· Shanghai (2 hrs)
· Tokyo (2 hrs)
· Hong Kong (3.5 hrs)
· Manila (4 hrs)
· Singapore (6.5 hrs)
Major Ports within 100km
· Busan
· Ulsan
· Okpo
· Pohang
· Yeongilman
· Masan
· Jinhae
Paveyourwaybychoosing
theoptimallocationforyourbusiness
Daegu-Gyeongbuk
Surrounded by North-East Asia's 1.5 billion people, Daegu-Gyeongbuk is the birthplace for global
companies such as Samsung and Posco. The area has a population of 5.2 million and boasts an
energetic business environment, prosperous lifestyle, and quality education.
Features
· The world's fastest internet, convenient lifestyle, and advanced healthcare
· With 47 FTAs and ranked the 3rd in ease of trading across borders, Korea is a world class trading economy
· Daegu-Gyeongbuk boasts access to both domestic and international markets via 7 seaports in the surrounding
area including the number 1 and 2 seaports in Korea, around 100 trains a day to Seoul and Busan, 2 international
airports, and 7 expressways
· Highly skilled labor supplied by some 50 universities and colleges with low employee turnover rate (2.04%)
· DGFEZ will support the administrative process, provide incentives, and deliver one to one customized support to
help your company establish and operate efficiently
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3. Location | Daegu-Gyeongbuk, South Korea
Total Area | 19.72km2
Available for | Manufacturing, R&D, Logistics
Target Industries | Transportation Components (Automotive, Shipbuilding, Aviation),
IT Convergence (Software, Display, Mobile, Robotics),
Medical (Healthcare, Medical devices, Pharmaceutical)
DGFEZ
Daegu-Gyeongbuk Free Economic Zone
The Daegu-Gyeongbuk Free Economic Zone Authority was created by the Korean Government in 2008 to offer
customized facilities and space for Korean and foreign companies operating in Korea and the Asia-Pacific market.
DGFEZ also provides financial incentives and business-friendly government regulations for global companies.
Daegu-Gyeongbuk Free Economic Zone has 8 sites in Daegu Metropolitan City and Gyeongbuk Province. With a
focus on industries such as IT Convergence, Transportation Components, and Healthcare, each site is equipped
with manufacturing land, R&D facilities, commercial land, and residential housing.
Incentives
Incentives include tax exemptions, cash grants, reduction of tariffs and regulations.
Tax Reduction & Exemption
Requirements
- Manufacturing Industry : More than US $30 million of FDI
- R&D Facility : More than US $2 million of FDI
- Manufacturing Industry : More than US $10 million of FDI
- R&D Facility : More than US $1 million of FDI
Corporate&EarnedIncometax
100% for 5 years,
50% for 2 years thereafter
100% for 3 years,
50% for 2 years thereafter
Customs Duty
100% for 5 years
(imported capital goods)
Acquisition&Propertytax
100% for up to 15 years
Financial Support
Category
Investment
Subsidy
Facility
Subsidy
Employment
Subsidy
Training
Subsidy
Operating
Expenses
Manufacturing
Industry
R&D Facility
Requirements
- Over US $30 million of FDI or more than 300 regular employees
- Over US $10 million of FDI and one of three categories below
- High technology industry
- Certified parts & material manufacturing business
- Certified advanced technology & products business
- Hiring more than 20 new Korean nationals
- Hiring and training more than 20 new Korean nationals
- More than US $5 million of FDI and high technology industry
- More than 10 researchers with regular employment
Incentives
Up to 20% of FDI
Special lease rate
(1% of land price)
Up to KRW 1 million per employee
exceeding 20 persons for 6 months
Up to KRW 1 million per employee
exceeding 20 persons for 6 months
Varies by case
04 05
4. Target Sector | Automotive Parts, Electronics Parts, Machines and Machinery, Mechatronics
Size | 7.26km2
Location | Hyunpung-myeon and Yuga-myeon, Dalseong-gun, Daegu
Facilities | Proving Ground for Intelligent Vehicle & Transportation, Korea Institute of Machinery and Materials (KIMM),
Electronics and Telecommunications Research Institute (ETRI), Korean Institute of Industrial Technology
(KITECH), Daegu-Gyeongbuk Institute of Science and Technology (DGIST), Daegu National Science
Museum (Scientry)
Key Tenants | 84 companies including Hyundai-IHL, SMEC CO., Ltd., Hyundai Cummins, Hycon Korea, Assab Steel Korea,
Korea Nakamura-Tome Company, UGint
06 07
5. Target Sector | Fashion, Textile
Size | 1.18km2
Location | Bongmu-dong, Dong-gu, Daegu
Facilities | Daegu Textile Complex, Korea Research Institute for Fashion Industry (KRIFI), College of Korea Textile
& Fashion Polytechnic, Daegu International School (DIS), Lotte Outlets
Key Tenants | 36 companies including CMA Global and ing A
08 09
6. Target Sector | Automotive Components, Mechatronics, Parts and Materials
Size | 1.46km2
Location | Chaesin-dong, Bonchon-dong, and Geumho-eup, Yeongcheon City, Gyeongsangbuk-do
Facilities | Manufacturing Space (550m from Gyeongbu Expressway, Korea's main highway), Gyeongbuk Hybrid
Technology Institute (GHTI)
Key Tenants | 53 companies including DSSK, PNDT, Hwajin & DIC, LFJ Korea, BPH Korea, SEWON
10 11
7. Target Sector | Healthcare (international hospital, specialty hospital, medical R&D center), Medical Tourism, Information
Technology and Software, Educational Institute
Size | 1.23km2
Location | Daeheung-dong, Suseong-gu, Daegu
Facilities | Software Convergence Technology Center, Daegu Art Museum, Daegu Stadium, Daegu Baseball Stadium
12 13
8. Target Sector | Construction Equipments, Automotive Parts, Shipbuilding Materials,
Advanced Medical Equipments, New Medical Materials
Size | 3.78km2
Location | Hayang-eup and Wachon-myeon, Gyeongsan City, Gyeongsangbuk-do
Facilities | Next Generation Construction Equipments Design Support Center,
Next Generation Construction Equipments Convergence Center,
High-Tech Medical Convergence Textile Center
14 15
9. Target Sector | Aerospace (MRO), Intelligent Vehicles, Medical Molding
Size | 2.30km2
Location | Jungang-dong and Hwasan-myeon, Yeongcheon City, Gyeongsangbuk-do
Facilities | Airforce Logistics Command (AFLC), Avionics & System Technology Center
(ASTEC), Gyeongbuk Research Institute of Vehicle Embedded Technology (GIVET),
Bio Medical Center (KITECH)
16 17
10. Target Sector | Medical Devices, New Drugs, Healthcare R&D
Size | 1.05km2
Location | Sinseo-dong, Dong-gu, Daegu
Facilities | Daegu Gyeongbuk Medical Innovation Foundation (DGMIF), Korea Brain Research Institute (KBRI),
Korea Institute of Oriental Medicine, 3D Convergence Technology Center
Key Tenants | 59 companies including GE Healthcare, Medi-sensor, Daewoo Pharm
18 19
11. Target Sector | Biotechnology, Green Energy, Parts and Materials, R&D centers
Size | 1.46km2
Location | Heunghae-eup, Buk-gu, Pohang City, Gyeongsangbuk-do
Facilities | POSCO, POSCO Power, Yeongilman Port, High-tech R&D foundation POSTECH, Max-Plank Institute,
Pohang Accelerator laboratory
20 21
12. Brett Kimber (President, Linde Korea)
We've invested in the Gyeongbuk province and will continue to invest there and in Korea, and the industries specifically aroundthe IT
and the semi-conductors and the LCD have driven our growth business, and so as those industries grow we'll continue to grow with
them.
Harry Rudolph (Executive Vice President, Delphi Korea)
For thirty years we've had excellent access to all of our customers. With our products we have to deliver just in time, at least to the
Korean customers, so we have to have parts at our customer dock within four hours, and so all of our customers are located within
four hours. And then, usually by truck, and then we also ship to overseas customers and we're within ninety minutes of the Busan
port, so we've got great access to global shipping as well.
Shinji TATSUKAWA (Vice President & Plant Manager, Daicel Safety Systems Korea)
We deliver our products directly to Hyundai Mobis, our biggest customer, using the highway nearby. For international travel and
logistics we use Busan port and Gimhae International Airport that are in close proximity. DGFEZ site is ideal for our logistics.
Our employees are very enthusiastic. They are very passionate about manufacturing work, and they have ambition. Their will to learn
based on their ambition corresponds with our aim to be a global company. Next is language proficiency. Nearly every employee can
speak English, and there are many who can also speak Japanese. We believe that we have acquired talented workers.
Yukio Hamano (Executive Director, Korea Nakamura Tome CO., LTD.)
We asked DGFEZ to provide support including our employees' lodging and business partner matchmaking. With the help of DGFEZ,
today's KNT exists.
Moshe Sharon (Former President, TaeguTec)
The quality of human resources in Daegu is the first level, the highest level. The background of it is the abundance of universities
existing in Daegu and institutions existing in Daegu. Teaching and training scientists and engineers into the tens of thousands every
year. And this is actually the group of people which are candidates to be recruited by TaeguTec along the years.
EndorsementsMore than 500 foreign companies have invested USD 5.3 billion in Daegu-Gyeongbuk to partner
with Korea's leading companies and deliver value to Korea's 50 million consumers with high
purchasing power. These companies also access North East Asia's 1.5 billion consumers.
22 23
13. ExcellentR&Dinfrastructure
foryourbusiness
R&D Facilities
· Asia Pacific Center for Theoretical Physics
· Korea Multi-Purpose Accelerator Complex
· Max Planck Institutes in POSTECH
· National Institute for Nanomaterials Technology
· Pohang Accelerator Laboratory
Major Local Tertiary Institutions
· Daegu-Gyeongbuk Institute of Science and Technology
· Daegu University
· Deagu Haany University
· Keimyung University
· Korea Polytechnics
· Kyungpook National University
· POSTECH
· Yeungnam University
Machinery, Parts & MaterialsMachinery, Parts and Materials
· Daegu Mechatronics & Materials Institute
· Gyeongbuk Hybrid Technology Institute
· Gyeongbuk Institute of Convergence Industry Technology
· Korea Institute of Machinery & Materials
Information and Technology
· Daegu Digital Industry Promotion Agency
· Dassault Systemes Daegu R&D center
· Electronics and Telecommunications Research Institute
· Gumi Electronics & Information Technology Research Institute
· Korea Institute of Industrial Technology
· Mobile Convergence Technology Center
Healthcare
· Daegu Gyeongbuk Medical Innovation Foundation
· Gyeongbuk Institute for Bio Industry
· Institute for Korea Traditional Medical Industry
· Korea Brain Research Institute
· POSTECH Biotech Center
Textile and Fashion
· DYETEC Institute
· Gyeongbuk Natural Color Industry Institute
· Korea Research Institute for Fashion Industry
· Korea Textile Development Institute
· Korea Textile Machinery Research Institute
Automotive
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· Gyeongbuk Research Institute of Vehicle Embedded Technology
· Gyeongbuk Institute for Advancement of Eco-friendly
Auto Parts Technology
· Korea Intelligent Automotive Parts Promotion Institute
· Proving Ground for Intelligent Vehicle & Transportation
14. 26
Enjoy
Sophisticated and diverse facilities, led by fine dining, value-priced shopping
centers, modern sports facilities, and unique cultural attractions
Learn
Daegu International School, one of the top international schools in Korea,
providing AP curriculum for expat families in the region
Travel
Korea's cultural, historical landmarks surrounded by beautiful nature in all
seasons - Gyeongju (Korea's ancient capital city) and Andong (Korea's center
of Confucianism)
Live
One of the Korea's largest, well-serviced metropolitan regions. A convenient,
safe and pleasant area to live with an outstanding quality of life
LivingEnvironment
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