Home About Daegu eTrade
It has been a center for education, administration and culture for centuries.
Currently, the city is focusing on its post-industrial economic future which is cultural industry core of :
Climate(1973 ~ 2003)
Daegu is situated in the center of the southeastern industrial regions such as Gumi (electronics), Pohang (steel), Ulsan (automobile & shipbuilding), Changwon (machinery),and Masan (free trade). It will play a significant role as a central city of the southeastern economic block of the nation in the Pan-Asian & Pacific Age in the future.
7 Highways : Gyeongbu, Guma, 88, Jungang, and Daegu-Pohang Daegu-Busan and Gumi-Hyeongpung (under construction).
2 railways : Gyeongbu and Jungang Lines
Korean Train Express (KTX) : Daegu ~ Seoul, 99 min.
4 ports within a one hour or so drive : Busan, Pohang, Ulsan and Masan ports
Int'l flights : 7 routes, 23 times a week
Merchandise Distribution Complex (838,000m2 ) : This complex, the largest of its kind in the nation, acts as an outpost to the global community in the 21st century.
Daegu Exhibition & Convention Center (EXCO) (10,377m2 ) : It is a world-class exhibition and convention facility where international business, shopping and conferences can be held simultaneously under one roof.
Abundant excellent human resources from 27 local colleges A center of the southeast part of the nation, geographically and functionally Good environment for settlement being a city of education and an environment-friendly city An international city which successfully hosted the 2002 FIFA World cup and 2003 Summer Universiade
Aiming at being a Science & Technology Hub in the Southeast Area
International-level Investment Environment
Providing Competitively Priced Industrial Land
Optimum Investment support SystemEligible company: a company whose primary shareholder is a foreign national, or over 30% is foreign capital out of the total amount invested
Subsidizing land purchase price: up to 50% of land purchase price
50% by individual company, 37.5% by central government, 12.5% by municipal government
(Government purchases land for factory and leases it to foreign-invested company)
Rent: approx. 1% of land purchase price per year
Rent period: up to 50 years (extendable)
100%: high-tech industry investing more than US$ 1 million in Foreign Investment Zone
75%: manufacturing company investing more than US$ 5 million in Foreign Investment Zone
50%: company in national/local industrial complex
A job training subsidy will be provided in case of hiring more than 20 employees - monthly subsidy of US$ 500 per capita for 6 months
An employment subsidy will be provided when a foreign-invested company hires more than 20 new employees monthly subsidy of US$ 500 for each person exceeding 20 persons for 6 months
When a company confirms a new (or additional) investment after a feasibility study, up to 50% of the consulting fee (within KRW 500 million) will be provided.
Eligible industry or company: company in Foreign Investment Zone, industry support service, advanced technology industry - National tax (corporate tax, income tax): 100% exemption for first 5 years, 50% for next 2 years - Local tax (acquisition tax, registration tax, property tax): 100% exemption for first 10 years, 50% for next 3 years
Eligible company: A company of industrial support service industry, high-tech industry, and parts & materials industry of more than US$10 million investment, which newly builds or expands its plant
Subsidy rate & method: negotiable within 5~20%
Duplicated support/subsidy is not allowable: Cash subsidy will be offered starting the year after deciding the rate of subsidy in a lump sum or in 5-year installments
Cash usage: land sale/rent, construction, purchase of machinery/equipment, infra-facility expenses, subsidy for education, training or employment