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Distribution Businesses

Distribution Businesses

img-Distribution Businesses
  • The Free Trade Zone, Industrial Logistics Complex and Song new Port Logistics Complex are under construction in IFEZ. Some of these areas in the process of development.
  • Yeongjong District is undergoing development focused on the Air Logistics Complex, Cargo Terminal and Industrial Logistics Complex
    • The ‘Free Trade Zone’ has been designated within Incheon International Airport, with a total area of 2.12km² of airport logistics (0.99km²) and cargo terminal (1.13km²), with the first concentrating on manufacturing and logistics and the latter being operated with the world’s leading airlines and multinational logistics companies
  • Songdo District will be turned into a distribution hub based on port logistics.
    • A large-scale logistics complex of more than 4.96km² in the Songdo New Port (Sections 9 and 10) to complete its strategy of becoming the distribution hub of 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 $5million is invested. For more information, please refer to the section on tax reduction and exemption for investment benefits.