Detailed Contents of Plan for Designation of Investment Promotion Zone

(Related to Article 5 (1) 1)

1. Name, location and size of the investment promotion zone:

(a) Name (to determine the name of the investment promotion zone in consideration of the character of the investment project, such as Jeju ○○○ investment promotion zone);

(b) Location (location map indicating lot number and main facilities in the surrounding area);

(c) Size (total size, surface area where a facility in which investment is to be made and subsidiary facilities are to be installed, surface area where infrastructure, such as roads, etc. necessary for the operation and management of a facility in which investment is to be made and subsidiary facilities, is to be installed).

2. Trade name or name and nationality of the investor:

(a) Personal information on the investor:

i. Trade name or name (personal information of the representative in cases of an enterprise);

ii. Address;

iii. Nationality;

(b) Main business in operation (in cases of an enterprise).

3. Method of developing or managing the investment promotion zone:

(a) Methods of development;

(b) Methods of management, etc.

4. Details of investment, scale of employment and details of the project:

(a) Outline of the project (details);

(b) Details of investment:

i. Details of total investment;

ii. Annual investment plan;

iii. Investment plan by project, etc.;

(c) Scale of employment and employment plan:

○ Status of directly and indirectly employed persons, employment plan, etc.

5. Plan for raising funds:

(a) Details of investment cost and money required;

(b) Structure of ownership;

(c) Annual investment plan, plan for raising funds, etc.

6. Land utilization plan and plan for main infrastructure:

(a) Layout plan by facility, etc. to be included in the land use plan;

(b) Roads, waterworks, sewerage, wastewater treatment facilities, etc. to be included in the main infrastructure plan.

7. Support plan for main facilities in the investment promotion zone:

8. Details of land, buildings, articles or rights, if any, to be expropriated or utilized:

9. Data concerning the examination of environmental nature:

(a) Measures to prevent environmental degradation;

(b) Measures to prevent degradation to scenery;

(c) Measures to decrease environmental impact due to the implementation of the project.

10. Possibility of making investments to be attracted:

(a) Analysis of state of development;

(b) Prediction of demand for development and prospects of implementation;

(c) Financial structure of the investor or investing enterprise (capital, liability, form of asset, status of property, financial standing, etc.);

(d) Details of the joint investor or joint investment enterprise, etc.

11. Expenses incurred in designating the investment promotion zone and anticipated effect:

(a) Investment cost;

(b) Anticipated impact (employment creation effect, ripple effect on economy, expected amount of revenue and tax reduction and exemption, etc.).

 

Detailed Contents of Plan for Designation of Investment Promotion Zone

(Related to Article 5 (1) 2)

1. Name, location and size of the investment promotion zone:

(a) Name (to determine the name of the investment promotion zone in consideration of the character of the investment project, such as Jeju ○○○ investment promotion zone);

(b) Location (location map indicating the lot number and main facilities in the surrounding area;

(c) Size (total size, surface area where a facility in which investment is to be made and subsidiary facilities are to be installed, surface area where infrastructure, such as roads, etc. necessary for the operation and management of a facility in which investment is to be made and subsidiary facilities, is to be installed);

2. Institution developing the investment promotion zone:

(a) Developing institution and its representative;

(b) Address;

3. Plan for attracting investments:

(a) Facilities for which investments are to be attracted;

(b) Standards for selecting facilities in which investments are to be made;

(c) Plan for activities to attract investments in and outside Korea.

4. Development plan for the investment promotion zone:

(a) Methods of development: Class 2 district-unit plan pursuant to the National Land Planning and Utilization Act or the development of an amusement park;

(b) Period for the development project;

(c) Land use plan: Size of site divided according to the layout plan for facilities in which investment is to be made, and scheme drawing of land use plan;

(d) Plan for installation of main infrastructure;

○ Plan for transportation facilities, such as internal roads, access roads, etc. of the investment promotion zone;

○ Plan for supplying water, such as water for living, etc.;

○ Plan for the treatment of sewage and wastes;

○ Plan for energy facilities and communication facilities, etc.

* To attach a topographical map indicating the location of the existing infrastructure and infrastructure to be newly installed;

(e) Plan for supporting main infrastructure

○ Infrastructure to be installed by the State, local governments, government-invested institutions, etc. besides the developing institution;

○ Amount or rate of subsidy granted by the State or local governments, etc. for the infrastructure installed by the developing institution;

(f) Plan for raising funds.

5. Management plan for the investment promotion zone:

(a) Person entitled to manage infrastructure:

○ Facilities to devolve on the managing agency;

○ Facilities to be owned and managed by the investor;

(b) Plan for maintenance and repair of facilities;

(c) Measures for safety management and against disasters.

6. Possibility of making investments to be attracted:

(a) Analysis of state of development, such as demand for development, etc:

○ Examination of upper-tier development plan and special-purpose area;

○ Infrastructure surrounding the investment promotion zone and connectivity between them;

○ Topography of the investment promotion zone, etc.;

(b) Profitability of the project in which investment is to be made:

○ Anticipated price of sale in lots of developed land or rental charge;

○ Comparison between the price of sale in lots or rental charge and development expenses in cases of development by the investor after being designated as an individual investment promotion zone;

○ Assistance for administrative convenience, etc.

7. Expenses incurred in designating the investment promotion zone and expected effect:

(a) Scale of employment: Direct employment and indirect employment;

(b) Effect on local economy:

○ Effect arising from investment in facilities;

○ Effect arising from management of the project;

(c) Effect of expanding revenue.

8. Data concerning the examination of environmental nature:

(a) Measures to prevent environmental degradation;

(b) Measures to prevent degradation to scenery;

(c) Measures to decrease environmental impact due to the implementation of the project.

9. Details of land, buildings, articles or rights, if any, to be expropriated or utilized.

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