BJFEZ - The Global Hub for International Business and Logistics: High Tech and International Business

Positioned as a global leader in high-tech industries and international business, the Busan-Jinhae Free Economic Zone (BJFEZ) is committed to advancing its infrastructure to support a diverse array of sectors. Spanning 51 square kilometers, BJFEZ features advanced industrial parks designed to attract foreign investment through substantial incentives, including tax exemptions and cash grants. Key aspects include: -Foreign Investment Zones (FIZs): Dedicated areas for foreign-invested companies, offering: *Tax reductions or exemptions *Low lease expenses *Regulatory alleviations -Major Incentives: *Tax Incentives: These include customs duty exemptions, acquisition tax exemptions, and property tax reductions, tailored to promote investment in sectors like shipbuilding, automotive, machinery, and electronics. *Infrastructure Support: BJFEZ features exclusive land for foreign-invested companies, ensuring that businesses have the resources they need to thrive. The total area allocated for these activities is substantial, with a population capacity exceeding 80,000, bolstered by an 8 million consumer market within a one-hour radius. -Excellent Accessibility: *Just 10 minutes from Busan New Port, 20 minutes from Gimhae International Airport, and 30 minutes from Busan City Center, BJFEZ offers unmatched logistical advantages for businesses. *Community and Living Environment: Myeongji International City within BJFEZ is designed to provide an ideal living environment for employees of foreign companies, featuring international schools, hospitals, and eco-friendly residential areas. This focus on community infrastructure ensures a high quality of life, making it easier for companies to attract and retain talent. BJFEZ invites businesses seeking a competitive edge in Asia, fostering long-term partnerships that enhance mutual growth and innovation.