Free trade zone
Designation of free trade zones
- Free trade zones refer to areas designated by the Ministry of Trade, Industry and Energy in consultation with the head of the central administrative agency concerned, the related Mayor, and Do governor to ensure free manufacturing, logistics, distribution, and trade activities through special cases and support for relevant Acts, such as the Customs Act and the Foreign Trade Act (Subparagraph 1 of Article 2 and Article 4 of the Act on Designation and Management of Free Trade Zones).
Authorized administrator of free trade zones
- Authorized administrators of each free trade zones are as follows (Articles 8 (1) and Subparagraph 1 of Article 5 of the Act on the Designation and Management of Free Trade Zones).
Division
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Relevant statutory provisions
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Authorized administrator
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Industrial complex
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Subparagraph 8 of Article 2 of the Industrial Sites and Development Act
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Minister of Trade, Industry and Energy
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Airport and hinterland
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Subparagraph 3 Article 2 of the Airport Facilities Act
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Minister of Land, Infrastructure and Transport
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Logistics terminal and logistics complex
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Subparagraphs 2 and 6 of Article 2 of the Act on the Development and Management of Logistics Facilities
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Minister of Land, Infrastructure and Transport
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Ports and hinterland
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Subparagraph 1 of Article 2 of the Port Act
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Minister of Maritime Affairs and Fisheries
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Support for free trade zones
Support for free trade zones
- The main contents of support for foreign-invested companies moving into free trade zones under the Act on the Designation and Management of Free Trade Zones are as follows.
Support type
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Relevant statutory provisions
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Extension of the payment deadline for land, factories, etc. and installment payment
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Article 19 of the Act on Designation and Management of Free Trade Zones
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Rent reduction
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Article 20 of the Act on Designation and Management of Free Trade Zones
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Exemption and refund of customs duties
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Articles 45 (1), (2) and 46 of the Act on Designation and Management of Free Trade Zones
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Zero-rating of value-added tax
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Article 45 (3) of the Act on Designation and Management of Free Trade Zones
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Corporate tax, income tax, acquisition tax, and property tax reduction
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Article 47 of the Act on Designation and Management of Free Trade Zones
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Exemption from traffic inducement charges
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Article 48 of the Act on Designation and Management of Free Trade Zones
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Support for technology development activities of located enterprises
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Articles 49 of the Act on Designation and Management of Free Trade Zones
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