Industrial clusters are considered planned locations managed by the State and before choosing, businesses need to consider many factors. The industrial cluster management board will create favorable conditions for businesses to operate easily, and provide optimal conditions to support the production process. Currently, South Korea is implementing separate zones developed to attract foreign direct investment.
Types of industrial cluster locations that foreign investors can consider
- Industrial complexes: Industrial parks developed by the central government, general industrial parks, urban industrial parks for advanced hi-tech businesses, industrial parks in rural areas, and lease type industrial parks.
- Locations focusing on foreign investment attraction: Foreign investment zones (complexes for lease exclusively to foreign-invested companies), free economic zones, free trade zones.
- Key industrial regions to attract local and foreign investment: Operat.
- Key clusters for R&D, technologies, and specific business categories: Special R&D zones, international science business belt, advanced medical complex, industrial parks specializing in basic industries, industrial technology parks, environment industry research parks, venture business promotion regions, new technology startup cluster regions, urban small business.
- Smart Regulatory Innovation District: Regulation-free zones, special zones for regional development.
- Locations for balanced development: State-operated industrial complex for innovation and convergence, innovation cities and happiness cities.
Factory Establishment Procedures for Planned Location and Individual Location
