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General Investment Procedures

Business Preparation Procedure

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    ANNOUNCEMENT OF INVESTMENT INTENTIONS

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    SUBMISSION OF INVESTMENT PROPOSAL

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    EVALUATION OF INVESTMENT PROPOSAL

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    NEGOTIATION

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    APPOINTMENT OF BUSINESS CONTRACTO

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    LAND CONTRACT

STEP 01. ANNOUNCEMENT OF INVESTMENT INTENTIONS
img-announcement of investment intentions
MAIN CONTENT
  • Submission of investment proposal (business plan)
  • Submission of investment intentions (LOI)
  • Submission of proof on operation ability
    • Business information memorandum of investors and consortium-participating enterprises (present company status, results, financial conditions, organization, inner agreements, etc.)
    • Funding plan and financial organization-issued evidential documents
IFEZ SUPPORT
  • Feasibility study implementation support
    • Guidance on physical environment and investment condition survey (Site Survey, etc.)
    • Provision of materials on risk factors (country, market, business, approval, management risk factors)
  • Provision of various industry-related information
STEP 02. SUBMISSION OF INVESTMENT PROPOSAL
img-submission of investment proposal
MAIN CONTENT
  • Business goals/background
  • Development plans (concept establishment, introduction facilities, development strategy, construction plans/blueprint)
  • Supply of funding and investment plans
    • Equity capital, borrowed capital
  • Business operation methods and structure
  • Business feasibility analysis, ripple effect
  • Project Management
    • Industrial process management plans
    • Risk management
    • Plans for reducing negative effects
  • Fund collection, status plans
  • Management/operation methods
    • Land site/facilities/management/disposal, sales
    • Attraction of brands and tenants
IFEZ SUPPORT
  • Investment proposal preparation guide
  • Introduction to a Korean partner if desired (operation/construction, legal affairs/accounting/consulting/financial organizations, etc.)
  • Technical data provision for the construction
  • Support guidance (incentives, administrative service, etc.)
STEP 03. EVALUATION OF INVESTMENT PROPOSAL
img-evaluation of investment proposal
MAIN CONTENT
  • Validity and adequacy evaluation of the investment proposal
  • Verification of investor ability
  • Appointed as a priority negotiation subject when ability is verified
IFEZ SUPPORT
  • Validity, feasibility, and safety evaluation of the business plan
  • Review on the adequacy of business operation methods
  • Conduction of credit inquiry
  • Support and funding confirmation of consortium participating enterprise
STEP 04. Negotiation
img-Negotiation
MAIN CONTENT
  • Establishment of negotiation agenda through discussion
  • Promotion of negotiation
  • Agreement on investment principles (MOU or basic agreement contracts)
IFEZ SUPPORT
  • Develop a negotiation agenda which reduces construction time and administration costs
STEP 05. APPOINTMENT OF BUSINESS CONTRACTOR
img-appointment of business contractor
MAIN CONTENT
  • Implementation of preceding investment process
    • Completed construction of operational organizations, etc.
  • Appointment of business contractor
    • Foreign business and consortium
  • Implementation of investment process
    • Investment reporting
    • Introduction of initial funding
    • Capital payment
    • SPC establishment and branch office installation
    • Registration of foreign-invested companies
IFEZ SUPPORT
  • Investment process support and business agency establishment
  • SPC establishment guidance
  • Legal affairs, accounting/taxation consulting
  • Introduction of foreign capital and investment target guidance
STEP 06. LAND CONTRACT
img-land contract
MAIN CONTENT
  • IFEZ land valuation
  • Land contracting and deposit payment
  • After escrow payment, transfer of ownership rights
IFEZ SUPPORT
  • Transfer of ownership registration after payment of balance
  • Long-term payment used at purchase
  • Reduction of payments in leasing situation
  • Land acquisition tax reduction (primarily local taxation)

Business Implementation Procedure

STEP 01. LICENSE ACQUISITION BEFORE CONSTRUCTION
MAIN CONTENT
  • Environmental influence evaluation
  • Approval of implementation plan
  • Acquisition of design and architectural license
IFEZ SUPPORT
  • Licensing matter agenda
  • IFEZ collective support service
  • Management support system for each business(appointment of project manager)
  • Designation of foreign investment zone
STEP 02. LICENSE ACQUISITION
MAIN CONTENT
  • Factory construction initiation
  • Commencement of site renovation (public work) construction
IFEZ SUPPORT
  • Completed site and facility pre-inspection use approval
  • SOC facility support (Prioritized support for infrastructure facilities)