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South Korea Business Opportunities

25 October 2010

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25 October 2010

On Monday 25th October from 11am-1pm, there will be a free seminar in Central London for the Yellow Sea Free Economic Zone Authority (YESFEZ).

The main mission of YESFEZ is to develop “an international-level high-tech industrial cluster” and set up a “bridgehead for trading with China.”

OCO Global are currently in the process of contacting UK and Irish based companies to gain a better insight into their investment and expansion plans, especially those focused on East Asia within the next 12-36 months.

The Yellow Sea Free Economic Zone (www.yesfez.go.kr/eng) is located at the heart of Northeast Asia. Located less than an hour away from Incheon International Airport and nearby Seoul, YESFEZ becomes the optimum base to commerce with China thanks to the 53% of the port handling volume that takes place in the capital region of Korea and in the central region of Korea.

As the gateway for YESFEZ, Pyeongtaek-Dangjin Port will connect Northeast Asian region with Seoul and Korea’s industrial cluster. The area will be a strategic location to export manufactured items from Korea to China and to other Northeast Asian countries with the lowest cost – effectively providing a bridge-head to the Chinese market.

The wide-ranging benefits of YESFEZ include numerous tax and regulatory exemptions – including zero-rated corporate tax for the first 5 years -, special incentives, a one-stop administrative process as well as everyday public services in foreign languages, and furthermore, employment and training support up to the value of $1 million dollars for 6 months.

OCO Global would be interested to hear from both members and followers of the Cambridge Science Park who would be interested in networking with Senior Officials from YESFEZ who can provide an insight into trade and investment opportunities.

The main key sectors which would apply in this case are;

  • Pharmaceutical
  • Biotech
  • Medical devices

This is not an exhaustive list and additional requests are welcomed from companies working in different sectors also.

YESFEZ can assist high-tech UK companies in a number of ways, including;

  • Provision of all relevant information on business opportunities and investment incentives;
  • Building contact networks for project development
  • Guidance through the investment location (sites/buildings) selection process, finding JV partners;
  • Organising site and company visits, incoming and outgoing missions;
  • Providing investment aftercare service.

All associated services are entirely at no cost.

YESFEZ will be happy to act as a single point-of-contact for your company and can help with regulatory, financial, labour and real estate issues.
Key commercial advantages available to you by locating in the Yellow Sea Free Economic Zone are:

  • Bridgehead into the huge Chinese market
  • Numerous tax and regulatory exemptions
  • Zero-rated corporate tax for the first 5 years of investment
  • Employment and training support up-to the value of $1million
  • One-stop administration process

YESFEZ provides foreign investors with high-quality support for key decision-making processes and a wealth of supplementary services.

Any companies interested in attending the YESFEZ UK Investment Seminar please contact Daniel Callaghan directly on +44 (0) 7827 968818 or via email at email to receive an invite.