Business Preparation Phase
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Expression of Intent to Invest
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Submission of Investment Proposal
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Investment Proposal Evaluation
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Negotiation
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Appointment of Project Implementer
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Land Contract
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01
Step 01Expression of Intent to Invest
Main Content
- Submission of Investment Proposal (business plan)
- Submission of Letter of Intent (LOI)
- Submission of Proof of Ability to Implement
- Business information memorandum of investors and consortium participants (company status, performance, financial status, organization, internal agreements, etc.)
- Financing plan and proof of financial ability certified by relevant financial institutions
Support Offered
- Support for the implementation of Feasibility Studies
- Pertinent information on the physical environment, and other investment conditions (site survey, etc.)
- Provision of data on risk factors (risk factors for the country, market, business, approval, management, etc.)
- Provision of various industry-related information
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02
Step 02Submission of Investment Proposal
Main Content
- Objectives/Background of the Business
- Development plan (concept establishment, facilities to be introduced, development strategy, architectural plan/rendering)
- Financing and Investment Plan
- Equity Capital, Debt Capital
- Project Implementation Plan and Structure
- Results of business feasibility analysis and the ripple effect
- Project Management
- Business Process Management Plan
- Risk management
- Negative effect reduction plan
- Fund recovery, repayment plans
- Management/Operational Plan
- Land/Facilities/Management/Disposal, Sales
- Attraction of Brands and Tenants, etc.
Support Offered
- Guidelines for investment proposal preparation
- Introduction of local Korean partners if desired (implementation/construction/ legal affairs/accounting/consulting/financial institutions, etc.)
- Provision of technical data on corresponding businesses
- Information and guidance on incentives and administrative services
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03
Step 03Investment Proposal Evaluation
Main Content
- Evaluation of the feasibility and adequacy of the investment proposal
- Verification of the investor's ability to implement
- If deemed qualified to implement, appoint as a preferred bidder
Support Offered
- Evaluation of the validity, feasibility and stability of the business plan
- Review of the adequacy of the project implementation plan
- Conduct a credit background check
- Confirmation of companies' willingness to participate and their financial capacity
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04
Step 04Negotiation
Main Content
- Establishment of the negotiation agenda through consultation
- Proceed with negotiations
- Agreement on Principles for Investment (MOU or Basic Agreement on Implementation Agreement)
Support Offered
- Create a negotiation agenda to shorten the time period and minimize administrative costs
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05
Step 05Appointment of Project Implementer
Main Content
- Implementation of investment prerequisites
- Completion of the implementing organization's composition, etc.
- Designation of project implementer
- Foreign companies or consortiums
- Project Implementation Plan and Structure
- Investment Report
- Introduction of initial capital
- Capital Payment
- Establishment of SPC or establishment of branch office
- Enterprise registration
Support Offered
- Support for handling authorizations and permits
- IFEZ's Collective Support Service
- Operation of a dedicated support system for each business (designated project manager)
- Designation as a Foreign Investment Zone
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06
Step 06Land Contract
Main Content
- IFEZ's Land Appraisal
- Land contract and payment of deposit
- Transfer of ownership registration after payment of the balance
Support Offered
- Transfer of ownership registration after payment of the balance
- Acceptance of long-term payment plan at the time of purchase
- Reduction or exemption of loan fees in case of a rental
- Land acquisition tax reduction or exemption (primarily local taxation)
Project Implementation Stage
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01
Step 01Business license acquisition before construction
Main Content
- Environmental impact assessment
- Implementation plan approval
- Design and construction approval
Support Offered
- Support for handling authorizations and permits
- IFEZ's Collective Support Service
- Operation of a dedicated support system for each business (designated project manager)
- Designation as a Foreign Investment Zone
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02
Step 02Business License Acquisition
Main Content
- Factory establishment initiation
- Groundbreaking of the construction site (public works)
Support Offered
- Approval for use of sites and facilities before completion of the inspection
- SOC facility support (priority support for introduction infrastructure facilities)