2021 Saemangeum Development & Investment Agency(SDIA) Business Video Conference
• Date : May 28th, 2021, from SGT 07:00 AM-09:00 AM
• Host : Saemangeum Development & Investment Agency(SDIA)
• Organizer: SDIA Business Video Conference 2021 Committee(SDIA_BVC 2021)
• Attendees: Choong-mo Yang(Administrator, SDIA), Beom Lee(Director, SDIA), Bryan Im(Deputy Director, SDIA), Jee-eun Kim(Assistant Director, SDIA), Jinseok Lee(President, SDIA_BVC 2021) & US Companies
• Agenda: The Current Investment Environments in the Republic of Korea & Saemangeum Area
• The Connection Tool: Zoom
WHY ATTEND? Learn Learn about Korea & Saemangeum Area's investment environment, cooperation opportunities, and successful investment cases of leading enterprises, governments and global corporations. Learn more about how and the reasons to invest in Korea, especially in the Saemangeum Area.
Get Support Through close cooperation with Saemangeum Development & Investment Agency(SDIA), we can provide maximum support ranging from investment planning to follow-up management.
【Business Video Conference Program】
Time (SGT) Program Speaker Jee-Eun Kim 06:30∼06:55 Zoom Connection & Welcome Speech (Assistant Director, SDIA) Choong-mo Yang 07:00∼07:10 Opening & Greeting Speech (Administrator, SDIA) The Introduction of the Industrial Status and Bryan Im 07:10∼07:40 Recent Trends of the Investment Environment (Deputy Director, in Korea & Saemangeum Area SDIA) 07:40∼09:00 Q&A All Attendees
Ÿ Contact: SDIA Business Video Conference 2021 Committee(SDIA_BVC 2021)
Jinseok Lee, [email protected], +82-17-261-2533 Saemangeum Project The Saemangeum Development Project is a national project that builds the world's longest seawall connecting Gunsan and Buan to create reclaimed land lakes/swamps, thereby building the center for ‘global free trade’ and ‘economic cooperation’, encompassing economy, business, and tourism.
Saemangeum Project Overview
A world-class reclamation project, promising the future of Korea
· Location Gunsan-si, Gimje-si, Buan-gun, Jeollabuk-do
· Scale Area: 409㎢ (Land 291㎢, Lake 118㎢) World's longest seawall: 33.9 km
· Expenses 22.2 trillion won (government expenses 10.9, local expenses 0.9, private investment 10.3) Site creation 10.9, infrastructure 6.6, water quality improvement 2.9, others 1.8 'Investment of 6.5 trillion won by 2018
· Expected population When the development is completed, the total triggering population is 759,000, Plannig to accommodate 290,000 people in the Saemangeum project area
Vision
Saemangeum (Ariul), The city opening up a new civilization
글로벌 정주·교류 Cooperation거점도시 between countries and industries for mutual prosperity and solving common problems
Creation of special zones for Global settlemen transnational texchange hub city economiccooperation A luxury city with world-class Formation of an economic settlement conditions community between Cultural convergence city cooperating countires embracing multiculturalism
Deregulation Customized A vibrant green & Incentive city planning waterfront city Specialize City
A city that flexibly reflects the Eco-friendly city where needs of investors humans and nature harmonize A city that flexibly reflects and companies Sustainable high-tech the needs of investors agricultural green city and companies
Saemangeum's competitiveness
“The only national project dedicated by central administrative agencies to create an economic hub in Northeast Asia”
Flexible regulation compared to National-level leading Designated as the other special zones in Korea investment and support only Korean-Chinese industrial such as Free Economic Zone and cooperation complex in Korea Free Trade Zone
· A leading project with decent · Regularly holding Korea-China · Unlimited storage period for speed promoted by the public, industrial cooperation complex imported goods and various tax benefits with full support from the government cooperation exchange conferences · Providing long-term rental land · Establishment of Saemangeum · Mutual economic development (50 years + 50 years) to domestic Development Corporation, plan and active investment and foreign investment companies which is in charge of landfill attraction in progress · Significantly simplifies the procedure business and infrastructure expansion · Exemption of customs duties when for issuing a visa (C-3) through exporting imported raw materials a letter of recommendation
Construction of a Attraction of Saemangeum Gunsan-specialized job model Gunsan Small-strong New Transportation for electric vehicles Special R&D Zone Special Zone
· After creating the electric car cluster, · In the background of Saemangeum · A special zone that can test and a total of 177,000 electric cars are Industrial Complex and Gunsan National commercialize the core technologies expected to be produced by 2022 Industrial Complex, 6 regional research of the 4th industrial revolution related ‘Investment of KRW 412.2 billion support institutes including Kunsan to land, sea, and air mobility, such as and job creation of 1,902 by 2022’ University and Automobile Convergence autonomous vehicles, drones, and · Participating companies: Technology Institute are participating to Wig ships in the Saemangeum region, 4 medium-sized companies and form a special R&D zone will be created 5 parts manufacturing companies
· Myungshin, Saemangeum Consortium, Edison Motors, Daechang Motors, and MPS Korea
Saemangeum Land Use Plan and Major Projects
The only state project charged wholly by the central administrative agency to create an economic hub in Northeast Asia.
Future car cluster · Creating a 3.4㎢ future car cluster in Saemangeum Industrial Complex (Agreement with 10 agencies) · Designated as a special research zone for eco-friendly future vehicles, Building infrastructure such as commercial vehicle driving test bed
Renewable energy cluster · Period : 2018~2025 · Project entity : Saemangeum Development Agency, Saemangeum Development Corporation, Gunsan City · Business description: Water-solar 2.1GW, Land-solar 0.3GW, Fuel cell 0.1GW, Wind power 0.1GW
Eco-friendly smart waterside city · Business description : Development of a eco-friendly smart waterside city (International business, convention, hotel, resort, art center, residential, etc.) - Area: 6.6 ㎢ / Project operator: Saemangeum Development Corporation / Project period: 2018~2024
Tourism & Leisure Business/Jamboree · Business site: Gogunsangundo, Shinshiami district, Tourism/leisure districts 1,2 · World Scout Jamboree: Held in 2023/ Developing tourism/leisure district 1 (8.9 km2)
Industry & Research International Cooperation Tourism & Leisure Agro-bio Residential Area Eco-environment Saemangeum Project Infrastructure “Establishing a green transportation system centered on eco-friendly public transportation” that can efficiently support Saemangeum's future urban growth and realize low-carbon green growth.
Locational conditions of Saemangeum Project
Locates at the waist of the Korean economy, The economic center of 1.5 billion Northeast Asia
Vladivostok
Kimpo Airport Incheon SEOUL Airport Beijing Dalian 180Km Tianjin
Weiahi KOREA Deagu Airport Seamangeum Qingdao 250Km Saemangeum Tokyo Busan Gimhwa Osaka Muan Airport Airport
Namjing Shanghai Location in the Korean Peninsula · Central part of the west coast (Gunsan, Gimje, Buan, Jeollabuk-do)
Distance from main cities · 52 cities with a population of over 1 million with in 2 hours of flight · 2 hours flight from Beijing and Shanghai, China Taipei The Economic Hub Geopolitical value · FTA with 56 countries, Gateway to the global market Hong Kong of Northeast Asia · Key to the economic zone of the Pan-Yellow Sea in Northeast Asia, Adjacent to China
The Infrastructure of Saemangeum Projects
The Establishment of Green Transportation System Focused on Eco-Friendly Public Transportation
· Gunsan Airport (domestic flights in operation) · Saemangeum New Airport (completed in 2028)
· Gunsan Port: 29 berth · Saemangeum New Airport: 9 berths - 2 berths completed by 2025, 9 berths completed by 2040
· Seoul-Iksan KTX (1 hour 15 minutes, Iksan-Saemangeum 35 minutes by car) · Saemangeum-Gunsan Railway Connection from Gunsan to Gunsan National Industrial Complex
· East-West, South-North 3X3 grid type internal arterial road network · Half-day regional transportation network connected to the whole country West Coast Expressway (25 minutes) Honam Expressway (40 minutes) Iksan-Jangsu Expressway (50 minutes) Saemangeum National Industrial Complex Saemangeum Industrial Complex is the largest industrial complex in Korea connected with the Gunsan Industrial Complex. Leading domestic and foreign companies including Toray and Solvay are occupied
Strengths of Saemangeum Saemangeum National Industrial Complex, The creator of new values for the Northeast Asian economy
Status · Location: 466 Saemangeumbuk-ro, Gunsan-si, Jeollabuk-do · Area: 1,850 ha · Project period: 2008-2023 · Project implementer: Korea Rural Community Corporation · Licensee: Saemangeum Development Administration
· Affordable pre-sale and rental prices · Sales: 151,249 won/㎡, USD 126/㎡ · Lease: 1% of the published land price for 100 years (USD 1/ ㎡ per year)
· Connectivity with nearby industrial complexes · Adjacent to Gunsan National Industrial Complex and 12 other industrial complexes
· Comprehensive Bonded Area / FTA with 55 countries · Tariff reduction and hold of import tariff
· Access to excellent human resources & Cooperation with Industry-Academia · 10 universities, 10 specialized high schools, 28 lifelong educational institutions, 11 R&D institutions
· Central government support and investment incentives · Special Eco-friendly Vehicle Regulation Zone, Gunsan small-strong special R&D zone · Corporate tax exemption for 5 years + 50% reduction for 2 years, long-term rental of land
Flagship industry in Saemangeum National Industrial Complex
Saemangeum National Industrial Complex 6 Major Industries
Advanced Renewable Mobility Materials Energy
Electric vehicle OEM, Wind and solar New material Automobile, components /materials, Nano fusion Flying car, Flying ship Fuel cells, LED applications
Parts ICT/ Food & Bio Manufacturing Data Center
ICT convergence/ Automotive parts, convergence Bio/food fusion technology Machine parts Hyperscale data center
Major Business Model in Saemangeum National Industrial Complex
IMPORT
Made in Korea EXPORT General Bonded Area
MANUFACTURE
Seamangeum China, Import materials Southeast Manufacture& Asia Tariff Reduction Processing& Storage
FTA with 55 nations Export Tariff Reduction Sell product to Global Market
Greater Saemangeum Industry Cluster
OEM maker(Car & Machine tools)
Parts & Materials Industry
Renewable Energy Investment incentives for foreign companies in Saemangeum National Industrial Complex The Saemangeum Development Project provides incentives for investors in various forms such as the Saemangeum Special Act and the Foreign Investment Promotion Act
The Incentives for Foreign Company Investment
Saemangeum National Industrial Complex to Create New Value for Northeast Asian Economy
Division Contents
· Qualification: Foreign investment of 30 million dollars or more Location · Benefit: Free rental · Degree of support: less than 50% of the investment Government expenses (Subsidy) · Qualification: Foreign investment ratio of 30% or more Cash · Limit: 5 ~ 40% of foreign investment (Supported by negotiation)
· (Location) 50% of the sale price General · (Cash) Up to 5 billion won each (province, city)
· (Location) 50% of the sale price (Cash) Up to KRW 40 billion is supported when investing Large-scale more than 100 billion won or employing 300 or more employees Municipality Investment ※ Location support is deducted from cash support (Subsidy) · (Factory-based) Up to 5 billion won when investing in industrial complexes (Facility investment support) Up to 5 billion won in case of site support
· 1.5 million won per person over 20 people *6 months, Employment 1.2 billion won (Province 10, City 2)
Educational · 1 million won per person for more than 20 people* for 6 months, Training 700 million won (Province 5, City 2)
· 100% exemption for 5 years for startups and new companies Corporate tax + 50% exemption for 2 years Government expenses (until April 4th , 2022 in industrial crisis areas) (Tax) · 100% exemption for 5 years Customs (imported capital goods reported for foreign investment)
Local tax Acquisition, · 100% exemption for 15 years (Tax) Property tax
Incentive Case · Toray (2016) · (Field) Automotive PPS resin and compound · (Benefit) Free rental for 100 years / 100% exemption of corporate tax for 5 years, 50% reduction for 2 years · Solvay (2016) · (Field) Eco-friendly tire silica · (Benefit) Cash support/ 100% exemption of corporate tax for 5 years, 50% reduction for 2 years
· 8 small hidden champions in the electric vehicle field (2019) · (Field) Bus, truck, camper, etc. · (Benefit) Subsidy/100% exemption of corporate tax for 5 years
Contact
[English-speaking countries] · Bryan IM : [email protected] · Jee Eun Kim : [email protected]
[Chinese-speaking countries] · KIM EUN CHEOL : [email protected] · KIM JIEUN : [email protected]
[Japan] · Yeo, Kyeong Joo : [email protected]
[Homapage, QR Code] · www. saemangeum.go.kr