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Status of Wonju City

Traffic Network

2nd Yeongdong Expressway (Gwangju, Gyeonggi ~ Jijeong, Wonju)

- Start: June 2009
- Completion: 2013

Jungang Line Railway (Deokso ~ Wonju)

- Deokso ~ Paldang ~ Guksu opened in 2008
- Guksu ~ Yongmun opens in 2009 - Yongmun ~ Wonju opens in 2011

Industrial Complex Establishment Plan

Nation’s Best Incentive

Section	Support	Limit
Aid for moving HQ, lab	1 million won for each employee after 10 full time employees	500 million won
Investment funds	Within 10% of amount after 300 million won for plant construction and facilities (excluding land prices)	2 billion won
Employment promotion funds	600 thousand won per month for each employee after 20 full time employees / For no more than 6 months	1 billion won
Training funds	600 thousand won per month for each new employee after 20 employees for training / For no more than 6 months	1 billion won
Special support for medium to Large scale land purchase	Over 100 full time employees, within 30% of investment amount for land purchase after 20 billion won	4 billion won
	Over 150 full time employees, within 40% of investment amount for land purchase after 25 billion won	6 billion won
	Over 200 full time employees, within 50% of investment amount for land purchase after 30 billion won	10 billion won

Main Tax Benefits

Exemptions	Support	Current Location	Transfer	Remark
Special tax exemption for corporate tax on transfer income for 5 years	Plant	Within large city	Outside of large city	Tax Exemption Law 60
Special tax exemption for corporate tax on transfer income for 5 years	Main Office	Crowded area	Outside of Crowded area	Tax Exemption Law 61
Exempt from corporate tax for 5 years and then 50% tax cut for following 2 years	Small-medium company plant 2 years or more	Crowded area near Seoul	Outside of Crowded area	Tax Exemption Law 63
Exempt from corporate tax for 5 years and then 50% tax cut for following 2 years	Plant, Office, 3 years or more	Crowded area near Seoul	Outside of Seoul area	Tax Exemption Law 63-2
Exempt from corporate tax for 3 years and then 50% tax cut for following 2 years	Companies in Enterprise city	-	Within Enterprise City	Tax Exemption Law 121-17
Exempt from acquisition and registration tax	Plant, Office	Crowded area near Seoul	Outside of Crowded area (Within Enterprise City)	Provincial Tax Law 274, 275 (Tax Exemption Law 33-2)
Exempt from property tax for 5 years and then 50% tax cut for following 3 years	Plant, Office	Crowded area near Seoul	Outside of Crowded area (Within Enterprise City)	Tax Cut Law 28, 30
Exempt from property tax for 3 years and then 50% tax cut for following 3 years	Plant, Office	Development area in Seoul, Nature preservation area	Outside of Seoul area	Tax Cut Law 28, 30

Strong Financial Support

Fund	Loan Target	Limit	Interest	Loan Period (Term Unredeemed)
Management Stabilization Fund	Manufacturing, Manufacturing-Related services	Company from Seoul area 500 million Strong Venture company 400 million Export company 400 million Others 300 million	6.5~7.95% Interest kept 4%	Tax Exemption Law 60
Venture and Competency Improvement Support Funds	Venture company Competency improvement business Industrial support business	Facilities funds 1 billion Operation funds 300 million	4.09% (Variable interest)	Within 8 years (3 years) Within 3 years (1 year)
New Technology, Venture Company Support Funds	New technology development businesses	Facilities funds 1 billion Operation funds 300 million	4.5%	Tax Exemption Law 63-2

Call Center (Contact Center) Special Support

Up to 5 billion won per company

Lease Support: 50% for 5 years, Up to 1 billion won
Land purchase, construction expense support: 10%
Employment promotion funds: 3.6 million won per person after 20th person, up to 1 billion won
Training Funds: 3.6 million per person after 20th person, up to 1 billion won
※ Female human resources between ages of 20~35: 46,111