Laws related with Foreign Investment
Siheung City Tax Reduction Law
Article 1 General Provisions
Item 23 (Reduction for supporting to attract foreign investments) Local tax is exempted on properties owned by foreign investment company for operating business according to regulations set out below. But, exempted local tax will be collected if it becomes subject for collection according to Clause 121-5 Item 3 of Tax Exemption Restriction Law.

1. Property Tax and Comprehensive Land Tax subject for foreign investment rate according to Clause 121-2 Item 1 and 2 of Tax Exemption Restriction Law will be exempted for 15 years on the entire amount subject for exemption (deduction amount) from the date of starting the business according to the regulations in the same item.

2. Property Tax and Comprehensive Land Tax subject for foreign investment rate according to Clause 121-2 Term 5 Item 2 and 3 of Tax Exemption Restriction Law will be exempted for 15 years on the entire amount subject for exemption (deduction amount) from the date of acquiring the property according to the regulations in the same item.

3. Property Tax and Comprehensive Land Tax subject for foreign investment rate according to Clause 121-2 Term 12 Item 3 (a) and (b) of Tax Exemption Restriction Law will be reduced by 50/100 of the amount subject for exemption (deduction amount) for 10 years from the date of starting the business according to the regulations in the same item.

4. Property Tax and Comprehensive Land Tax subject for foreign investment rate according to Clause 121-2 Term 12 Item 4 (b) and (c) of Tax Exemption Restriction Law will be reduced by 50/100 of the amount subject for exemption (deduction amount) for 10 years from the date of acquiring the property according to the regulations in the same item.
Siheung Common Property Management Law
Article 4 Miscellaneous Assets
Chapter 1 Loan
Clause 26 (Subject for loan ·sales to foreign investment company) Common properties that can be loaned sold to foreign investment company according to Clause 25 are as follows.
1. Common property of the entire of part national industry complex sold to the City according to Clause 38 Item 4-2 of 「Law on Industrial Location and Development」
2. Common property within local industrial complex, agricultural complex according to Clause 7 and 8 of 「 Law on Industrial Location and Development 」
3. Common property in a region approved for constructing apartment typed factory according to Clause 2 of 「Law on Promoting Industry Integration and Factory Construction」
4. Common Property within foreign investment region appointed by the Mayor according to Clause 18 of 「Foreign Investment Promotion Act」
5. Common property within industrial complex created by the City for special purposes and per industry
6. Other common property recognized by the City to be necessary for attracting foreign investment

Full Reduction 75% Reduction 50% Reduction
A. Business accompanying high-technology, business with foreign investment amount over US$1 Million 
B. Business with foreign investment amount over US$20Million
C. Business with more than 300 employees per day in average 
D. Business exporting more than 50% of total products and whose parts and raw.sub materials are 100% supplied domestically 
E. Foreign investment company exporting 100% of total products
F. Falls under Term A or Term E, existing invested company transferring to Siheung from other regions
G. falls under Term A or Term X, existing invested company expanding factories according to <Law on vitalization of industry integration and factory construction>		 A. Business with investment amount between US$ 10 Million and 20 Million
B. Business employing between 200 and 300 employees per day in average 
C. Business exporting more than 50% of total products and whose parts and raw·sub materials are supplied domestically between 75% and 100%
D. Foreign investment company exporting between 75% and 100% of total products 
E. Falls under Term A or Term D, existing invested company transferring to Siheung from other regions 
F. Falls under Term A or Term D, existing invested company expanding factories according to 「Law on vitalization of industry integration and factory construction 」 		A. Business with investment amount between US$ 5 Million and 10 Million
   B. Business employing between 100 and 200 employees per day in average
C. Business exporting more than 50% of total products and whose parts and raw·sub materials are supplied domestically between 50% and 75%
D. Foreign investment company exporting between 50% and 75% of total products 
E. Falls under Term A or Term D, existing invested company transferring to Siheung from other regions 
F. Falls under Term A or Term D, existing invested company expanding factories according to 「Law on vitalization of industry integration and factory construction 」
    G. When falls under Clause 26 Item 1 or Item 3