IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Jul 2009 | Removal date: open ended
Still in force

FDI: Financial incentive

On 31 July 2009 the Foreign Investment Promotion Act came into force. According to the Korean Ministry of Knowledge Economy, in a press release issued by its Trade Policy Division, "rent-free land will be provided at four parts and materials complexes reserved exclusively for foreign businesses. The revisions also encourage local governments to support foreign schools by providing financial assistance for construction work or the purchase of land." 

AFFECTED COUNTRIES

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