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

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

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

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

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

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

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)