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Distribution Businesses

Distribution Businesses

img-Distribution Businesses
  • The Free Trade Zone, Industrial Distribution Complex, and Songdo New Port Distribution Complex are being constructed in IFEZ. Some of these areas are in the process of development
  • Yeongjong District is undergoing development, focused on the Aviation Distribution Complex, Cargo Terminal, and Industrial Distribution Complex
    • The “Free Trade Zone” has been designated within Incheon International Airport, with its Aviation Distribution (0.99 ㎢) and Cargo Terminal (1.09㎢) - a total of 2.08㎢. The Aviation Distribution Complex has promoted residential corporations based on manufacturing, distribution, and ETHAO and Cargo Terminals with the world’s leading airlines and multi-purpose distribution businesses, operating since 2006. Currently, international enterprises owning global networks such as DHL and TNT have decided to invest and move into this area.
    • As soon as the 2nd phase of the construction is complete, 4.13 ㎢ of distribution facilities - 1.98 ㎢ of Airport Free Trade Zone and 2.14 ㎢ of Cargo Terminals will be constructed to increase the capacity of airport distribution
  • Songdo District will be turned into a distribution hub based on port logistics.
    • A total of 13.22㎢ of large distribution complexes will be constructed at Songdo New Port (sections 8, 9, and 10) to carry out distribution hub strategies for Northeastern Asia.
  • Foreign investment corporation promotion for distribution is divided into complex construction and facility relocation.
    • Distribution complex construction is a public infrastructure business, so IFEZ and Incheon Metropolitan City will construct a complex through public development and provide foreign investment corporations with facility sites through lease and sales to promote distribution, retail and wholesale, and distribution related corporations.
    • Relocation decisions on foreign investment corporations are aligned with the investment promotion guidelines of IFEZ, and will be confirmed based on the submitted business plans (investment proposals) and discussion.
  • Distribution facilities in the Free Economic Zone and Free Trade Zone are provided with tax reduction benefits on governmental and local taxes if more than $5 million is invested. Investments higher than $10 million can be designated as foreign investment zones.