2011 디렉토리 투자가이드

1. EUCCK Membership Directory 2011
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GUIDE
Central Government 040
Local Government 106
Free Economic Zone (FEZ) 198

2. CENTRAL GOVERNMENT
INVESTMENT GUIDE
CENTRAL
GOVERNMENT
PRESIDENTIAL COMMITTEE ON 040 THE 4 MAJOR RIVERS RESTORATION 068
GREEN GROWTH PROJECT
PRIME MINISTER’S OFFICE 046 MINISTRY OF EMPLOYMENT AND 074
(EXECUTIVEOFFICEOFSAEMANGEUM LABOR ( MOEL )
DEVELOPMENTPLANING) MINISTRY FOR FOOD, 080
MINISTRY OF KNOWLEDGE 052 AGRICULTURE, FORESTRY AND
ECONOMY ( MKE ) FISHERIES ( MIFAFF )
MINISTRY OF EDUCATION, SCIENCE 060 MINISTRY OF CULTURE, SPORTS 086
AND TECHNOLOGY ( MEST ) AND TOURISM ( MCST )
ASEM-DUO 061 KOREA CREATIVE CONTENT 088
NATIONAL RESEARCH 064 AGENCY ( KOCCA )
FOUNDATION OF KOREA ( NRF ) MINISTRY OF JUSTICE ( MOJ ) 092
MINISTRY OF LAND, TRANSPORT 066 MINISTRY OF UNIFICATION ( MOU ) 098
AND MARITIME AFFAIRS ( MLTM )

3. Growth was adopted along with the Five-Year Plan for Green Growth. The National Strategy and
Presidential Committee on the Five-Year Plan are mid- to long-term (2009~2050) national agendas which are to be
implemented through the collaborative efforts between various governmental organizations,
Green Growth industries and civil society. The National Strategy is divided into ten specific policy directions:
Green Korea
(1) effective mitigation of greenhouse gas emissions;
(2) reduction of the use of fossil fuels and the enhancement of energy independence;
(3) strengthening the capacity to adapt to climate change;
(4) development of green technologies;
(5) the “greening” of existing industries and promotion of green industries;
(6) advancement of industrial structure;
Introduction
(7) engineering a structural basis for the green economy;
At the 60th anniversary of the founding of the Republic of Korea on August 15, 2008, President (8) greening the land, water and building the green transportation infrastructure;
Lee Myung-bak proclaimed “Low Carbon, Green Growth” as Korea’s new national vision. This (9) bringing green revolution into our daily lives; and
vision aims to shift the current development paradigm of quantity-oriented, fossil-fuel dependent (10) becoming a role-model for the international community as a green growth leader.
growth to quality-oriented growth with more emphasis on the use of new and renewable energy 041
resources. Using less energy and ensuring environmental sustainability, “Low Carbon, Green In order to put into action the agendas set out in the National Strategy in a more systemic and
PRESIDENTIAL COMMITTEE ON GREEN GROWTH
Growth” aims to simultaneously pursue three objectives by creating a synergistic relationship consistent manner, the Korean government revived the practice of the five-year plans, which had
between economic growth and environmental protection: (1) to promote eco-friendly new growth been very effective during the early development era of the Korean economy. The first Five-Year
engines for the national economy, (2) to enhance the quality of life for the members of the society, Plan for Green Growth, covering 2009 through 2013, is a manifest of the political commitments as
and (3) to contribute to the international efforts to fight climate change. well as a blueprint for government actions, containing specific budget earmarks and detailed tasks
assigned to line ministries and local governing entities. Under the plan, the government will spend
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In order to facilitate the realization of the new vision, the Presidential Commission on Green Growth about 2 per cent of the annual GDP on green growth programs and projects that comprise the
was established in February 2009. The Framework Law on Green Growth was enforced on April construction of various green infrastructures as well as spending plans for research and
14, 2010. The legislation provides the legal and institutional basis for aligning all national and local development of green technologies. The investments on the infrastructure will be initially much
rules and regulations under the overarching vision of green growth. bigger than on R&D due to the ‘New Deal’
element, designed to counter the current economic downturn. However, as the economy
To implement the national vision of green growth more effectively, the National Strategy for Green recovers, the R&D portion will be increased.

4. Presidential Committee on Green Growth Imperatives for a National Strategy
To provide a stronger momentum, a presidential
CLIMATE CHANGE
committee was established on 16 February 2009.
Natural disasters, destruction of ecosystems, environmental degradation and pollution pose major threats to
The Committee is co-chaired by the Prime Minister
humanity. Even with the government’s strong commitment, the fight against climate change still remains a
and an eminent scholar, Dr. Soogil Young
formidable challenge. In 2007, Korea’s CO2 emissions from fuel combustion reached 489Mt(1.7% of the
representing the private sector, and consists of 50 world°Øs total) which is the 9th highest level in the world. To tackle these environmental challenges while
members including relevant government ministers simultaneously continuing economic growth, Korea is willing to make changes and transform the nation’s
and representatives from private stakeholders. economic and industrial structure in accordance with the low carbon green growth paradigm.
The Committee is supported by a secretariat of 60 staff comprised of seconded officials from over
14 government agencies and public/private institutions. The Committee has the mandate to
discuss all subjects relevant to pursuing green growth as well as coordinating government works ENERGY CRISIS AND DEPLETION OF NATUAL RESOURCES
on this area. If demands for conventional energy sources continue to rise, another global energy crisis may soon be
triggered. To curtail the reliance on fossil fuels, Korea will make efforts to acquire new sources of energy,
As of December 2010, the Committee has met ten times and meetings were attended by the improve energy efficiency and promote the adoption of an energy-saving lifestyle by its citizens. Korea will 043
President. Important agenda Items were discussed and adopted including the ‘National Strategy strive to curb the use of fossil fuels by making massive investments in the new and renewable energy sector.
PRESIDENTIAL COMMITTEE ON GREEN GROWTH
By doing so, it will seek to circumvent the fluctuations in the global oil market.
for Green Growth,’ and the ‘national midterm greenhouse gas reduction target’.
National Strategy for Green Growth SHIFT TO A NEW PARADIGM
“Green Growth” will be the centerpiece of Korea’s vision for the next 60 years and will lead to new
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The National Strategy for Green Growth, with a mid- to long-term (2009~2050) perspective, opportunities for economic growth. As demands for energy-efficient products, eco-friendly businesses and
encompasses policy guidelines as well as specific action plans for various entities. It is an green markets increase in the coming years, a “Green Conversion” will be completed to enable Korea to
integrated grand plan which was carved out through a collaborative process involving numerous achieve both economic growth and environmental protection.
governmental organizations, industry, the academia and civil society. The motivation behind
developing the National Strategy for Green Growth has been the necessity of building a
comprehensive long-term master plan to address the myriad of challenges exacerbated by both
Ten Policy Directions to achieve Three Objectives
climate change and resource depletion.
The National Strategy for Green Growth envisages three main objectives which are expected to be fulfilled in
the process of taking actions in accordance with ten policy directions. The three objectives and ten policy
directions are based on the consensus among the civil society, businesses, academia and government.
The first objective is to effectively deal with climate change and attain energy independence. Moving beyond
fossil fuels will help Korea to achieve energy independence and effectively mitigate greenhouse gas
emissions. This objective calls for actions such as setting mid- to long-term mitigation goals, increasing the
use of new and renewable energy sources, as well as efficient management
of demand for energy. Measures will be taken to strengthen the nation’s adaptation capacities to counter the
adverse impacts of climate change. These include improving the climate monitoring and forecasting abilities
and securing a stable supply of water resources, among others.
The second objective is to create new engines of growth on multiple fronts. This includes the development of
green technology, greening of industries, transition to a more advanced industrial structure, and laying the
groundwork for a green economy. Emphasis will be placed on increasing strategic investments in the R&D of
the green sector, development of green small and medium enterprises, cutting-edge convergence industry
and high value-added service industry, the creation of a national carbon emissions trading market, laying the
structure for green finance, and tax incentives for eco-friendly activities.
The third objective is to raise the overall quality of life for the people and to enhance the contributions to the
international community through strong advocacy for green growth. Efforts will be directed toward greening
the land and water and building a green transportation infrastructure. As a result, green vehicles will be more
widely utilized and bicycles will become the main means of city transportation. Campaigns will be conducted

5. to promote public awareness and acceptance of green lifestyles. Furthermore, Korea will strive towards <Fiscal Expenditure on Green Growth for 2009-2013> (trillion KRW, %)
building its national image as a role-model for green growth by redoubling its efforts for mitigating climate
change and assisting developing countries to effectively deal with the adverse impacts of climate change. Key Category Total1) ’09 ’10~’11 ’12~’13 Rate of
Increase
Total 107.4 17.5 48.3 41.6 10.2
Mitigation of climate Creating new engines Improvement in quality Mitigation of climate change & energy independence 56.9 8.6 29.2 19.2 14.0
change & energy for economic growth of life and enhanced Creating new engines for economic growth 28.6 4.8 10.7 13.1 9.4
independence international standing Improvement in quality of life and enhanced international
27.9 5.2 10.5 12.2 3.6
standing
1) The total amount eliminated overlaps among allocations to projects under the 10 policy directions.
1. Effective mitigation of 4. Development of green 8. Greening the land, water and
greenhouse gas emissions technologies building the green
transportation infrastructure
2. Reduction of the use of fossil 5. The “greening” of existing 9. Bringing green revolution Global Green Growth Institute (GGGI)
fuels and the enhancement industries and promotion of into our daily lives 045
of energy independence green industries Founded in June 2010, the Global Green Growth Institute (GGGI) is a
globally represented, non-profit institute dedicated to the promotion of
PRESIDENTIAL COMMITTEE ON GREEN GROWTH
3. Strengthening the capacity 6. Advancement of industrial 10. Becoming a role-model for economic growth and development while reducing carbon emissions,
to adapt to climate change structure the international community increasing sustainability, and strengthening climate resilience (i.e. green
as a green growth leader growth). GGGI is founded on the belief that economic growth and
7. Engineering a structural environmental sustainability are not merely compatible objectives, but
basis for the green economy are mutually necessary for the future of humankind.
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GGGI currently supports several projects in partner countries through
program development, implementation, capacity building, best practice sharing, and the provision
of grants to local institutions. Through its work, GGGI seeks to position the green growth model as
one which is both practical and effective in the pursuit of economic growth and sustainable
development.
Green Growth Investment Plans
GGGI is headquartered in Seoul, Republic of Korea.
The envisaged fiscal spending as contained in the Five-Year
Plan for Green Growth is 107 trillion KRW (86 billion USD)
for 2009-2013. Under the plan, three objectives and ten
policy directions will be implemented in an efficient and
Vision & Mission
predictable manner. The Global Green Growth Institute (GGGI) was founded on the belief that economic growth and
environmental sustainability are not merely compatible objectives, but are mutually necessary for
- The fiscal budget will be mainly spent on R&D in green the future of humankind.
technology, such as solar energy and fuel cells,
restoration of the four major rivers and green It is dedicated to supporting the creation and diffusion of a new model of economic growth, known
transportation. As the economy recovers, the weight as “green growth”, that integrates objectives for poverty reduction, opportunity creation, and social
given to R&D will become more significant. development, with objectives for environmental sustainability and climate and energy security.
- Fiscal realities will be appropriately reflected as well as the GGGI supports emerging and developing nations in their efforts to create and implement national
mid-term plan covering 2009 through 2013. Budget and local strategies and policies for pursuing green growth. In so doing, GGGI seeks to contribute
priority will be appropriately rearranged so that the budget to increasing the effectiveness and impact of national and local action on green growth, promoting
for important programs can be speedily implemented. best practice, building capacity, and encouraging international cooperation. Through its work,
GGGI will help advance both the theory and practice of green growth.
- Roughly 2% of the nation’s annual GDP is allocated to
green investment which is twice the amount As a politically neutral source of independent expertise, GGGI will provide a comprehensive set of
recommended by the Green Economy Initiative capabilities, skills and services aimed at answering key questions related to green growth planning,
advocated by the UNEP (1% of GDP). and play a critical role in the post-Copenhagen landscape.

6. Vision of Saemangeum
Executive Office of Saemangeum
Development Planing The City of Neo Civitas,
Saemangeum(Ariul)
“Creating Tomorrow”
The Saemangeum Project is a government-run project with the goal of The Most Attractive Economic Hub in Northeast Asia
constructing a global premium city of green growth and a clean environment.
The construction of the world’s longest sea dike (33km), which connects Gunsan GLOBAL GREEN WATER HUMAN CULTURE
Attractive Living Low-Carbon, Vibrant, Attractive Human-Oriented, Neo Culture Embracing
and Buan, is to create 283km2 of reclaimed land and a lake with a surface area of Environment for Green Growth Waterfront City with Multifunctional, Mixed Korean Traditions and
Foreign Residents Development Excellent Amenities Use Development Global Cultures
118km2 .
This project will transform Saemangeum into the economic hub of Northeast
Asia serving not just industrial but also tourism and residential purpose. Land Use Plan
047
Lot configuration
PRIME MINISTER’S OFFICE(EXECUTIVE OFFICE OF SAEMANGEUM DEVELOPMENT PLANING)
Gunjang National
Land of opportunities is being created in Industrial Complex
Industrial Zone
Saemangeum, Korea Mangyeonggang(river)
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Yellow Sea Scientific research Zone
Scientific research Zone
Ecological Agricultural Zone Behind urban city
environmental Zone
Seohaean
New & Renewable
energy Zone
Expressway
Gogunsan Agricultural city
Seo Gimjae IC
Archipelago
Agricultural Zone
Agricultural city
Dongjingang(river)
Agricultural Zone
Ariul(Multifunctional city)
Buan IC
Area for each site and period of development
Total(283km2) Phase 1(Until 2020) Phase 2(After 2021)
Division
Area(km2) Ratio(%) Area(km2) Ratio(%) Area(km2) Ratio(%)
Ariul(Multifunctional city) 67.3 23.8 40.4 14.3 26.9 9.5
Agricultural Zone 85.7 30.3 85.7 30.3 - -
Scientific research Zone 23 8.1 - - 23 8.1
New & Renewable energy Zone 20.3 7.2 8.8 3.1 11.5 4.1
Saemangeum, at the Center of Pan-Yellow Sea Region Ecological environmental Zone 42.4 15.0 42.4 15.0 - -
- Saemangeum is close to a fast growing market, China.
- The North East Asia is a huge, attractive market with a population of 1.5billion. Urban site(Agricultural, behind urban city) 14.6 5.2 4.6 1.6 10 3.5
- Beijing can be reached in one hour, and Tokyo in 1.5 hours. Industrial Zone 18.7 6.6 18.7 6.6 - -
- 51 cities with population of over 1million are reachable within 3.5 hours. Inner dyke 11 3.9 11 3.9 - -

7. Land development plan
Ariul(Multifunctional city)
∙Area ∙67.3km2
∙Development period ∙Phase 1(-2020): 40.4km2(60%)
∙Phase 2(2021-): 26.9km2(40%)
∙Managing agency ∙Ministry of Land, Transport and Maritime
Affairs, Ministry of Culture, Sports and
Tourism, Ministry of Environment,
Ministry of Knowledge and Economy,
Saemangeum Gunsan FEZ authority
∙Business opportunities ∙Manufacturing sector- Green car, food-
processing, high-tech machinery,
renewable energy generation
∙Business sector- multinational corporate headquarters/branch office, business park 049
∙Financial sector- financial institutions
PRIME MINISTER’S OFFICE(EXECUTIVE OFFICE OF SAEMANGEUM DEVELOPMENT PLANING)
∙Research facilities- universities, research centers
∙Logistics - storage, warehouse at the new port
∙Service sector- convention center, shopping mall, hotels, restaurants, Ecological environment Zone
education, medical facilities
∙Tourism, leisure ∙Area ∙42.4km2
∙Development period ∙-2030
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∙Managing agency ∙Ministry of Environment
New & Renewable Energy Zone ∙Land Use ∙Northern part - wildlife habitats and eco
park, stopover for migratory birds.
∙Area ∙20.3km2 ∙Southern part - Water quality control
∙Development period ∙Phase 1(- 2020): 8.8km2 facilities, research center, landscaping
∙Phase 2(2021- ): 11.5km2 and forests
∙Managing agency ∙Ministry of Knowledge and Economy,
Ministry of Food, Agriculture, Forestry
and Fisheries
Scientific research Zone
∙Land Use ∙Renewable energy R&D facilities, bio-
crop production facilities ∙Area ∙23km2
∙Development period ∙2021-
∙Managing agency ∙Ministry of Education, Science and
Industrial Zone Technology
∙Land Use ∙World class research facilities,
∙Area ∙18.7km2 universities for basic and applied
∙Development period ∙-2020 research, corporate research centers
∙Managing agency ∙Saemangeum Gunsan FEZ authority
∙Major industry ∙Automobiles, car parts, machinery,
shipbuilding equipment, renewable
energy, new material, convergence
technology, radiation fusion technology, Agricultural Zone
biotechnology, food processing industry
∙Area ∙85.7km2
∙Development period ∙-2020
∙Managing agency ∙Ministry of Food, Agriculture, Forestry
and Fisheries
∙Land Use ∙High tech agriculture complex Export-
oriented agriculture industry sustainable
agriculture and eco-tourism.

8. Business environment
Executive Office of Saemangeum Development Planning
Strong government support based on special act
- The central government of Korea undertakes the Saemangeum project as a core Head’s Message
national agenda providing full support. After 19 years of efforts, Saemangeum reached a historical turning point in April
- Special Act on Promotion of the Saemangeum Project ensures institutional support of 2010 with the completion of 33.9km long sea dike construction. The master plan
tax incentive, financial subsidies, and regulatory exemption for businesses. for comprehensive development will be announced at the end of this coming
February. It will further explain the Saemangeum Project’s goal to transform the
vast land of 401km2 into a global premium city dedicated to green growth and
Vastness of the land
sustainable development in the fields of economy, industry, and tourism.
- The state-owned land is as large as 2/3 the size of Seoul
- Saemangeum offers a long-term lease program(max. 100years) and land sales at an Located at the heart of a huge global market with 1.5 billion consumers, Saemangeum holds ideal
affordable price geographical conditions for a global business environment and will turn itself into the economic hub of
Northeast Asia by working with renowned companies that are highly competitive on the global stage.
Relevant government ministries and local governments, as well as the Executive Office of Saemangeum
Excellent transport infrastructure Development Planning, are committed to providing full support to create the City of Neo Civitas.
- The road network will connect the area to expressways and high-speed railroads. 051
- The existing airport and a new port will offer you easy access to Saemangeum We have reclaimed the sea, built up hope, and finally changed the map of South Korea. Now I hope all of you
PRIME MINISTER’S OFFICE(EXECUTIVE OFFICE OF SAEMANGEUM DEVELOPMENT PLANING)
will join us in filling up Saemangeum with prosperity and creativity. Let’s create a whole new future.
Yellow Sea Economic Bloc Prime Minister’s Office,
Head of Executive Office of Saemangeum Development Planning
- Proximity to China provides you easy access to the emerging market of China.
- Located at the center of North East Asia, Saemangeum serves as a strategic base for Lee Byoung-Gook
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the market with population of 1.5billion.
Organization
Tourism resources and leisure development
The Executive Office of Saemangeum Development Planning is organized for promotion and efficient
- The natural resources such as Gogunsan Archipelago and Byeonsan Peninsula National
management of the Saemangeum Project under the direct control of the Prime Minister’s Office.
Park are famous tourist attractions.
- Tourism and leisure industry will thrive with a land mark, marina, mega resorts, golf Duties : Integration and coordination of Saemangeum project-related policies
course, art centers and other amenities. - Matters regarding the administrative affairs and support for Saemangeum Development Committee
- Matters regarding a master plan on land development (including general execution plan)
- Matters regarding adjustment of a master plan by land use
Industrial hub in North East Asia - Matters regarding enactment and amendment of Saemangeum-related rules
- The existing industrial complex in Gunsan will offer Saemangeum synergy effects for - Matters regarding establishment of water-quality improvement plans for Saemangeum
industries such as machines, automobiles, shipbuilding, renewable energy and bio - Matters regarding integrated management of disaster, water quality and water quantity
- Matters regarding support, advertisement and international cooperation to attract investments in Saemangeum
cluster.
- Requirements from related organizations, etc.
- World class research institutes and facilities will be established to foster an attractive
R&D environment. Organization
Prime Minister’s Office
Executive Office of Development Planning
Incentive schemes 82-2-735-1255
The Korean government established the Special Act on Promotion of Saemangeum Project in
2008 to systematically support investors and businesses. Policy Planning Bureau Development Policy Bureau
82-2-735-1257 82-2-735-1258
Tax incentives and financial subsidies for businesses
- Tax exemption programs will facilitate investment and business operation in Saemangeum. Policy Coordination Environmental policy Project Management Development Culture and Public Investment
Division Division Division Planning Division Relabions Division Promotion Division
- Subsidies for employment and training can be best utilized by businesses. 82-2-3210-2867 82-2-3210-2897 82-2-3210-2891 82-2-3210-2784 82-2-3210-2657 82-2-3210-2660
Facilities and services for residents
Address : 5F Central Government Complex Extension Bldg.,Sejongno, jongno-gu, Seoul, Korea(110-787)
- Special Housing service for foreigners and interpretation & translation service will be provided. Fax : 82-2-3210-2685 E-mail : smgc@pmo.go.kr
- International schools and medical institutions will make for convenient living conditions. Homepage : http://smgc.go.kr

9. MKE Ministry of Knowledge
Economy
Core responsibilities
Redefining Korea Now that we are at the threshold of a new global economic system-which, it is widely agreed, is
based on the concept of a “knowledge economy”-Korea is working to transform itself into a global
in a changing global environment economic superpower.
MKE for the 21st century MKE is leading the way in three key policy areas-trade, energy and industry. Building upon Korea’s
traditional strengths, which lie in core industries such as shipbuilding, MKE is also taking steps to
equip the nation with cutting-edge R&D, advanced IT, and value-added goods and services. We
are making bold strides in our efforts to nurture future growth engines, secure a sustainable supply
of energy, improve living standards, develop breakthrough technologies and ideas, and build
The Ministry of Knowledge Economy is the result of a transformation of the Korean economy that constructive partnerships. Every one of these measures underscores Korea’s potential as a major
053
took place over 60 years. MKE’s earliest precursor was the Ministry of Trade and Industry, player in the new global economic environment.
MINISTRY OF KNOWLEDGE ECONOMY
established in 1948; others included the Ministry of Energy and Resources; the Ministry of Trade,
Industry, and Energy; and the Ministry of Commerce, Industry and Energy.
Strategic industrial policies
In 2008, acting upon his election mandate to invigorate the Korean economy, President Lee
Myung-bak launched the Ministry of Knowledge Economy. This Ministry encompasses functions Throughout its history, Korea has
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that were previously the responsibility of the former Ministry of Commerce, Industry and Energy found its economic strength in a
solid and diverse industrial base. As
and the Ministry of Information and Communication, as well as some that were under the
the nation aspires to make a further
jurisdiction of the Ministry of Finance and Economy and the Ministry of Science and Technology. leap, MKE is paving the way for a
promising future where knowledge
is the primary engine of the Korean
economy, driving productivity and
growth. To make this vision a
reality, MKE is pursuing a wide
range of strategies with a particular
focus on these five objectives:
building a favorable investment
environment; promoting the growth
of local economies; establishing an
innovative R&D system; upgrading
core industries; and supporting
small and midsize enterprises.
After conducting a thorough
analysis of Korea’s strengths, the
Korean government has selected
17 new growth engines that we
intend to actively foster and promote. These 17 industries fall into three broad categories: green
technology, high-tech convergence and high value-added service.
MKE is taking the lead role in promoting 10 of these promising business areas: renewable energy,
low-carbon energy, a green transportation system, LEDs, broadcast and communications media,
intelligent robots, information technology, biopharmaceuticals and medical devices, nano-
convergence, and cultural content and software.

10. New Growth Engines in 3 Sectors MKE’s organizational structure
※ For a complete list of new growth engines, scroll over the following sectors.
MKE is composed of five offices, 16 bureaus and 68 divisions under one Minister and two Vice
※ MKE initiatives are highlighted in green.
Ministers. We also have more than a dozen affiliated organizations - Korea Post, the Korean
Agency for Technology and Standards, the Korea Trade Commission and the Office of Free
Economic Zones, just to name a few.
New Growth Engines
Organizational Chart
Green Technology High-Tech Convergence Value-Added Service Minister
Spokesperson
New growth engines New growth engines New growth engines Public Relations Division / Media Relations Division
- Renewable energy - Broadcast and - Healthcare Director General for Audit & Inspection
Audit Inspection Division
technologies communications media - Green financing
- Water treatment technologies - Intelligent robots - Cultural content and software Vice Minister for Industry and Technology Vice Minister for Trade and Energy 055
- Low-carbon energy - Biopharmaceuticals and - Education General Service & Personnel Division
technologies medical devices
MINISTRY OF KNOWLEDGE ECONOMY
- MICE and tourism-related Office of International Trade & Investment
- Green transportation systems - Information technology industries Office of Planning & Coordination ∙Director General for Trade
Trade Policy Division / Trade Promotion Division / Export & Import
- IT convergence citywide - Food Industry ∙Director General for Policy Coordination
Planning & Budget Division / Public Management Division / Division / Export Control Policy Team
- LEDs - Nano-convergence
Regulatory Reform & Legal Affairs Division / Information ∙Director General for Trade & Industrial Cooperation
Management Division / Evaluation & Customer Relations Division Trade Cooperation Division / Europe & Americas Division / Asia &
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∙Director General for Emergency Planning Oceania Division / China & Russia Division
Contingency Planning Division ∙Director General for Cross-Border Investment
Foreign Investment Policy Division / Foreign Investment Promotion
Office of Industrial Economic Policy
Stimulating international trade and investment ∙Director General for Industry & Knowledge Economy
Division / Overseas Investment Division / Inter-Korean Economic
Cooperation Division
Industrial Economic Policy Division / Service Industries Division / SME
As an advocate of freer and more active trade, MKE places
Advocacy Division / Industry & Environment Coordination Division / Office of Energy & Resources
special emphasis on three areas: First, we seek to maximize Distribution & Logistics Division / Better Business Climate Division ∙Director General for Energy Policy
Korea’s great potential with a solid, broad trading platform. Energy & Resources Policy Division / Climate Change Policy Division /
∙Director General for Technology Policy
Second, we are intensifying ties with major trading partners and New & Renewable Energy Division / Energy Technology Division
Industrial Technology Policy Division / Industrial Technology
welcoming new partnerships. Last, we strive for a business- Development Division / Technology Market Division / Technology ∙Director General for Energy Industries
friendly environment so as to become a more attractive Diffusion & International Cooperation Division / Technology Petroleum Division / Gas Division / Electric Power Division / Energy
destination for investors. Infrastructure Division Safety Division
∙Director General for Regional Economic Development Policy ∙Director General for Energy Resources Development &
Regional Economic Policy Division / Regional Industry Promotion Nuclear Power
Division / Industrial Complex Division / Regional Investment Resources Development Policy Division / Oil & Gas Development
More sustainable and greener energy policies Promotion Division / Corporate Relocation Division Division / Mineral Resources Division / Nuclear Power Industry
Division / Nuclear Power Plant Cooperation Division
Energy initiatives are also at the heart of MKE’s responsibilities. Office of Industries
In line with global trends, MKE is committed to promoting the ∙Director General for Emerging Industries ∙Energy Efficiency Bureau
Growth Engine Policy Division / Biotech & Nanotech Division / Energy Efficiency Policy Division / Energy Efficiency Management
wiser use of energy and is actively engaging in energy
Software Policy Division / Software Promotion Division / Design & Division / Energy Cooperation Division
cooperation projects and efforts to expand the use of cleaner Brand Division / Robot Division
energy technologies. In addition, we are drafting
∙Director General for Electronics & IT Industries
environmentally friendly economic policies that will usher in a
Electronics & IT Policy Division / Information & Electronics Industries
low-carbon society. Division / Semiconductor Display & Electric Industries Division /
Information & Telecommunication Division / IT Innovation Division
At the same time, MKE is working to ensure a stable energy
∙Director General for Manufacturing Industries
supply to meet the nation’s growing demand. To this end, we Components & Materials Division / Machinery, Aerospace & Defense
are pursuing a long-term strategy emphasizing overseas energy Industries Division / Metals & Chemicals Division / Textile, Apparel &
development projects. Consumer Goods Division / Automobile & Shipbuilding Division

11. Foreign direct investment and MKE Incentives for foreign companies investing in Korea
Foreign direct investment (FDI) is crucial to the Korean economy. As of 2008, it accounted for 13% FDI incentives exist to alleviate the burden of establishing new business operations and to thank
of sales revenue and 6% of employment in the manufacturing sector. However, Korea still needs to foreign investors for all they contribute to the Korean economy. The government currently offers tax
attract more FDI as it represented only 13.3% of the nation’s GDP in 2009, a figure far below the relief to foreign companies with the potential to contribute significantly to the Korean economy. We
global average of 30.7%. In light of these circumstances, the Korean government is eager to also provide affordable land and assist with related administrative procedures. Foreign-invested
improve its business environment through deregulation and we are strongly promoting FDI. MKE is companies also benefit from cash grants and other financial support.
at the forefront of these efforts.
FDI policy - Tax relief
Certain foreign-invested companies are eligible for tax relief on
Since the onset of the financial crisis in 1997, the Korean government has been active in its efforts
corporate, income, local and dividend income taxes for five to
to attract foreign direct investment to Korea; passage of the Foreign Investment Promotion Act in seven years. These include companies operating in the area of
1998 greatly facilitated these efforts. The Act opened up 99.8% of Korea’s industries to foreign industry support services, or in certain high-tech business areas
investment and provided significant protection for investors’ interests. Under the Act, foreign specified by the Ministry of Strategy and Finance. Companies
investors also receive incentives including tax breaks, cash grants and affordable land. involved in manufacturing, logistics, R&D, leisure or hospitality
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To make Korea a more business-friendly country, the government has established a are also eligible if they are based in Korea’s Foreign Investment
MINISTRY OF KNOWLEDGE ECONOMY
comprehensive action plan to improve the foreign investment environment; the plan is subject to Zones or its Free Economic Zones. Customs fees may be reduced
review every three years. MKE is taking the lead in implementing it in cooperation with 11 other or waived for capital goods, as long as the import declaration is
ministries and eight government agencies. completed within three years of the date the investment report is
filed.
Under the action plan for the years from 2008 to 2010, Korea has made numerous achievements.
INVESTMENT GUIDE
EUCCK Membership Directory 2011
Corporate taxes were reduced; a new system has been introduced to better protect intellectual
- Cash grants
property rights; administrative procedures have been streamlined, making it easier to establish an
industrial complex; the maximum amount of foreign capital that can be lent or borrowed without The purpose of Korea’s cash grant program is to attract FDI in business areas with exceptional potential to
the need to report the transaction has been increased; and international financial reporting benefit the national economy. The amount of each cash grant is determined through negotiations between the
standards have been adopted. At the same time, the living environment for foreign businesspeople investor and the government.
has improved dramatically-there are more educational and healthcare facilities equipped to meet To be eligible for a cash grant, a foreign investor must own at least 30% of the equity in an industry support
service or high-tech business, or in a greenfield investment project in parts and materials manufacturing.
their needs, a more convenient processing system at customs for foreign businesspeople living in
R&D laboratories and construction/expansion projects with significant job creation potential are also eligible.
or visiting Korea, a new English radio station, and more traffic signs in English.
FDI to establish a regional headquarters of a multinational corporation or a business pertaining to a regionally
strategic industry with the potential to make a significant contribution to the local economy may also confer
eligibility. The Foreign Investment Committee will deliberate such cases individually.
- Affordable land and facilities
The Korean government makes industrial sites within specially designated zones available to all foreign-
invested firms that meet certain requirements. Land within four categories of zones is provided either free of
charge or at low cost: Stand-Alone-Type Foreign Investment Zones, Complex-Type Foreign Investment Zones,
Free Trade Zones and Free Economic Zones.
For occupants of these zones, there are not only benefits in terms of location costs but also many other
beneficial factors. Tax and customs tariff reductions, as well as other forms of financial support, may apply if
certain conditions are met.
- Financial support
Financial support is provided to help with hiring, staff education and training, and projects to build
infrastructure within a Foreign Investment Zone or to enhance the living environment within it. Aid under this
program is currently extended to companies in which the foreign equity stake is at least 30% or in which a
foreign company or individual investor is the largest shareholder.