• Foreigners, foreign companies, and international economic organizations can be involved in free corporate
• activities in a free economic zone.
• You may take part in the implementation of a project in the capacity of a foreign individual, corporation, or
• foundation, upon designation by the Incheon Free Economic Zone Authority(IFEZA) as a project developer.
• In order for you to be designated as a project developer in IFEZ, you must meet the follwing conditions.

• Classification		Manufacturing		Development Project
  Qualifications		- Investment in newly constructing a plant - Investment by way of acquiring stock or equity or in the form of a long-term loan - Single investment by a foreing- invested company or a joint venture with a domestic company		- Ability to attract foreign investment - Financial health and financing ability - Experience of implementing similar projects - Other qualifications that Minister of Finance and Economy indicates as necessary to conduct a development project smoothly - Article 4-2, Enforcement Decree of the Designation and Operation of the Free Economic Zone Act (DOFEZA) * Article 4-2, Cnforcement Decree of the DOFEZA
  Areas for Preferential Treatment		- Advanced industries, including IT & BT - R&D & technology introduction/transfer - Establishing a regional headquarters for Asian operations		- Logistics facilities - Tourist/leisure projects - Finance and international busienss-related projects - Projects to support living environment for foreigners, including international schools and hospitals
  Tenant Location		- Industrial complexes in IFEZ		- Locations allocated for individual projects in IFEZ

Foreigner Investment Method

• Foreign investors can make investment single-handedly or by joint venture(acquiring newly issued or outstanding
• shares) by way of FDI. Your investments and corporate activities can be protected by relevant laus.
• Pursuant to the Foreign Investment Promotion Act(FIPA) and Designation and Operation of the Free Economic
• Zone Act(DOFEZA), Foreign Direct Investment(FDI) can take many forms, including direct investment by building a plant, implementation of a development project, equity investment, and introduction of capital goods.
• Foreign investors can make a joint investment with a Korean firm. Management decisions on a joint venture,
• such as equity portion, may be made by industry in accordance with standards provided in the DOFEZA.

Investor’s participation method

• Location support		Participation method		Remarks
  Project Developer		- Project implementation by single or joint venture investment ※ Means investment in the form of building a plant in the manufacturing - Project implementation through organizing a consortium and establishing a SPC		- Major Investor or Master Developer
  Project co-developer		- Project participation on internal agreement, including signing a joint implementation agreement - Joint implementation by joint investment ※ Domestic companies may participate in investment or project implementation		- Co-investor & Co-Developer - Domestic companies may participate
  Equity Investment(Acquiring newly issued or outstanding shares)		- Investment by SPC's issuing new issues or acquiring outstanding shares - Through M&A, P&A, or strategic alliance - Income investment, including fund investment, in investment implementation corporations (SPCs) as financial investor - Finacing or direct investment by institutional investors in SPC		- Domestic companies may participate - Public organizations/corporations may make equity participation in SPC up to 20% of the shares
  Long-term Loans Investment		- Investment in the form of long-term loans of five years or longer to SPC - Introducing equipment financing under the above condition		- The borrower to be direct investors or parent company/affiliated company of the investor
  Investment of capital goods		- Introducing or investing in equipment, installations, and raw/auxiliary materials		- introducing capital goods according to business plan
  Operator		- Participating as the SPC managing/operating company or an operating company or an operating company on individual facilities		- Scope of participation to be decided upon consultation with SPC
  Tenant		- Participating as a tenant or a direct user of the developed facilities - Participation as a equity tenant on consultation with SPC is welcome		- Specifics to be consulted with SPC
  Technology Transfer		- Evaluation on introduction, provision, and transfer of technology or direct investment		- On consultation with SPC
  Research corporation and foundation		- R&D institutions, hospitals, and schools		- Joint establishment with a domestic organization is possible