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Rents

Rents within YFTZ may be waived or reduced in accordance with Section 6 or 8 of Article 13 and Article 18 of the Foreign Investment Promotion Act.
Rent of private factory land

Rent of private factory land
Rent	Lease Criteria	Applicable Period
Free of charge	The land used by companies under one of the following circumstances (Applicable for 10 years after the lease agreement date) 1. The new foreign investment amount is USD 10 million. 2. High-tech businesses under Section 1 of Article 5 of the Industrial Development Act; businesses that require advanced technologies under Section 1 of Articles 121-122 of the Tax Incentive Limitation Law; and industrial support businesses with new foreign investment exceeding USD 1 million	Aug. 1, 2011 - Jul. 31, 2013
On payment basis	Land used by other tenants: 40 won (㎡/month)

Tax Breaks

YFTZ benefits from tax breaks under Article 121 of the Tax Incentive Limitation Law, Article121
Details

Tax breaks Details
Category	Beneficiaries	Support details
Tax breaks	Foreign-invested businesses that require high technologies, and industry support service businesses	Seven years of breaks on corporate tax and income tax (five years of 100% exemption, two years of 50% exemption) 15 years of 100% exemption from acquisition tax, registration tax, and general income tax
	Manufacturing businesses in which the foreign investment amount is USD 10 million	Five years of breaks on corporate tax and income tax (three years of 100% exemption, two years of 50% exemption) 15 years of 100% exemption from acquisition tax, registration tax, and general income tax
	Foreign-invested logistics businesses in which the foreign investment is over USD 5 million
Special incentives	All tenants	FTZ, which is not included in the customs territory, does not impose tariff on foreign goods. Tariff exemption or refund is given for local goods allowed to enter the FTZ.
Zero-rate VAT	All tenants	Local goods allowed to enter the FTZ Foreign goods and services that are supplied and provided between FTZ tenants