I Love

Living the Dream.... It's a great place to live!

BUSAN
Build your dreams in this global city of opportunities

I BUSAN

Investment incentives for foreign businesses

Eligibility
Businesses in stand-alone type foreign investment : tax credits for 7 years, 100% tax credits for 5 years and 50% tax credits for the next 2 years Businesses in Free Economic Zone : manufacturers with FDI over $10 million, businesses in the tourism industry with FDI over $10 million, logistics businesses with FDI over $5 million, medical institutions with FDI over $5 million, and R&D institutions with FDI over $1 million. Businesses in complex-type foreign investment and free trade zone manufacturers with FDI over $10 million, businesses in the logistics industry with FDI over $5 million.

Living the Dream....

I BUSAN
It's a great place to live!

Tax credits
National tax
High-tech companies, industry-supporting service businesses and businesses in Industrial-Type Foreign Investment Zones tax credits for a total of 7 years (100% tax credit for 5 years, 50% for the next 2 years) Businesses in Free Economic Zones, Complex-Type Foreign Investment Zones, Free Trade Zones tax credits for a total of 5 years (100% for 3 years, 50% for the next 2 years)

Local tax
Acquisition tax : 100% tax exemption for 15 years Property tax : tax credits for a total of 10 years (100% for 7 years, 50% for the next 3 years)

Move-in Support and Financial Aid

Rent exemption for up to 50 years for businesses moving into Foreign Investment Zones Subsidizing land purchasing cost and other cash grants such as education & training grants, and employment grants.

Int'l air services at Gimhae Int'l Airport

Airlines
Korean Air Asiana Airlines Air Busan Lufthansa Vladivostok Air Japan: 80 Japan: 32 Japan : 42

Weekly flights for each destination

Southeast Asia : 26 Southeast Asia : 42 Southeast Asia : 7 China: 64 China: 62 Taiwan: 14 Americas: 4 Americas: 4 China: 6

Contact
051-970-3346 051-971-2626 051-974-8770 051-972-3402 051-465-2267

Germany : 12 (via Incheon) Russia : 2

594 flights by 20 airlines to 29 int'l destinations in 10 countries

1001, Jungang-daero, Yeonje-Gu, Busan, Korea(Yeonsan-dong) [Investment Promotion Division,Investment Planning Bureau] Tel.82.51.888.4801~4 Fax.82.51.888.4809 [Seoul Office] Tel.82.2.733.4381~2 Fax.82.2.722.4349

www.busan.go.kr

Take a Look at our Educational Infrastructure connecting Students to the World!

Busan has now created globally-oriented educational infrastructures with the opening of the Busan International Foreign School, Busan Global Village, and Busan e-FM (90.5MHz) in order to develop the city's own homegrown global talents and future leaders.

Come and experience this City of Fascinating International Festivals, Cultural Activities & Shopping
In Busan, a wide range of prestigious international festivals and events are held all year round. Come and enjoy the exciting entertainment and shopping available here.

An Excellent Educational Environment

Busan International Foreign School (BIFS): K1-K12, 310 students (built for maximum 720 students), opened August 2010 Busan Foreign School: K1-K12, 160 students Chinese Korean Busan School & Overseas Chinese High School in Busan: 260 students, from kindergarten to high school Busan Japanese School: 50 students, from elementary to middle school Korea Science Academy of KAIST, Busan International High Schools, Busan Science High Schools, Autonomous Private High School, Pusan Foreign Language High School, etc
Busan International Foreign School

Year-round Festivals
Asia's premier international film festival: 335 films from 70 different countries screened in 2010 Asia's biggest fireworks festival (to be held in Sept/Oct): More than 100,000 fireworks let off in hour-long display G-STAR Global Game Festival: international game festival with a record 280,000 visitors Busan Sea Festival, International Rock Festival, Magic Festival, Busan National Amateur e-Sports Games event, International Yacht Races
Busan International Rock Festival

Cultural Facilities
Busan National Science Museum - to be built on a 110,000 site inside the East Busan Tourist Complex and to serve as a key facility for improving science education in the southern part of Korea as well as being a great tourism resource National Maritime Museum - Korea's largest maritime museum where maritime culture, history, science, industry and artifacts from 100 countries will be on display Busan Citizens Park - A world-class park to be established over an area of more than 525,000, incorporating beautiful elements including park greenery, water features and cultural activities.
Busan Foundation for International Activities

World's leading research institutes in Busan

An MOU has been signed with the Biotechnology Research Institute of Technical University of Berlin to establish a subsidiary research institute in Busan. Friedrich-Alexander University's Busan Campus and a research center opened recently Fraunhofer Institute for Manufacturing Technology and the Rolls Royce University Technology Center are also here in Busan. One of the world's biggest business consulting firms, Accenture, has built its Korea Delivery Center here

Expat Communities in Busan

National Maritime Museum

Expat Communities in Busan

Expat residential communities have grown up in beach-side apartments and villas in Haeundae and Gwangalli Busan International Womens Association, Expatriate Parents Support Group, and many other expat communities Busan Foundation for International Activities: a city government-funded agency to support expat communities Busan e-FM (90.5MHz): 24/7 English radio station for expats

Superb cultural infrastructure including the National Center for Traditional Performing Arts in Busan, Busan Cultural Center, Busan Citizens Hall, and the Nakdong Estuary Eco Center, all located right here in Busan.

Busan Citizens Park

Shopping
7 major department stores including Shinsegae Centum City (the world's largest department store), as well as Lotte and Hyundai Department Stores. Shinsegae Chelsea Premium Outlet to be established in Jeonggwan in a 160,000 mall with 160 luxury brand stores.

Busan English Broadcasting(Busan e-FM 90.5MH )

Shinsegae Centum City Department Stores

Enjoy the Beautiful and Safe Natural Environment!

With its beautiful coastline and world-class tourist theme park, Busan is a premiere marine tourism destination where you can enjoy marine leisure, rest as well as medical services.
Haeundae Beach

Busan is an International Transportation, Logistics, and Information Hub!

An Asian gateway city where integrated sea, land, and air transportation networks allow for the free flow of capital, technology, information and people

The Arctic course

Trans-Siberian Railway (TSR)

Moscow

Trans-Manchuria Railway (TMR)

Trans-Mongolia Railway (TMR)
Shanghai Tokyo

Trans-China Railway (TCR)

North America course

Hong Kong

Kaosoong Manila

Busan
Sydney

European course

Singapore

Fun and interesting tours organized all year round

More than 20 million tourists visit Haeundae and Gwangalli every year, making them two of the most popular tourist districts in Korea Development of the East Busan Tourist Complex - A complex with 4 distinct zones : urban leisure zone, theme park zone, beach zone and leisure sports zone Development of Busan as an all year round tourism destination through the establishment of the Haeundae Tourist Resort and redevelopment of the Suyeong Marina

Center of maritime transportation and logistics

Cutting-edge container port : 14.18 million TEU handled as of 2010 (world's 5th largest container port and 73.4% of Korea's total throughput) Globally connected logistics system: Busan is connected with 500 ports in 100 countries around the world. International Passenger Terminal and Costal Passenger Terminal : 1.955 million passenger movements handled in 2010 A future terminal of the Trans-Siberian Railway & Trans-Manchurian Railway
Busan New Port

East Busan Tourism Complex

Medical Hub of Asia

Taking advantage of Busan's advanced transportation network and blessed natural endowments A total of 4,200 health facilities including 25 universities / general hospitals with approximately 220 medical professionals being produced every year Dongnam Institute of Radiological and Medical Sciences, Korea's first research-oriented hospital that combines radiological research and health services A number of luxury hotels such as Paradise and Westin Chosun, catering to important visitors (3,252 rooms in total)

Construction of Railway Infrastructure

Completion of the Busan New Port hinterland railway line (38.8km) Expansion of metropolitan railway networks Busan-Gimhae Light Rail Transit (2011), Donghae-Nambu Double-Track Railway (2015), Busan-Masan Double-Track Railway (2017) Bujeon Station as a Multi-Transit Center (176,000), Dongnae Station as a Multi-Transit Center Expansion of eco-friendly mass transit networks Completion of Metro Line 4 (2011), extension of Metro Line 1 from Sinpyeong to Anpyeong (2013), and construction of a Light Rail Transit link from Sasang to Hadan (2016)

Busan International Medical Tourism Bujeon Station as a Multi-Transit Center

Safe City Free of Natural Disasters

Busan escaped unscathed from the 183 minor tremors with a magnitude of 3.0 or higher, which hit Korea between January 1990 and March 2011 (18 earthquakes were recorded in the Seoul Metropolitan Area over the same period) Busan benefits from a relatively mild climate with less extreme cold and hot spells (average temperature : 14.9) - Average daily highs and lows of major cities in Korea from 1915 to 2010 Busan City S City I City D Average Daily Low in January -11.3 -19.2 -18.7 -14.9 Average Daily High in July 30.3 33.1 31.5 32.9 Busan has had the fewest days of any city in Korea affected by the Yellow Dust (between Jan 2000 and Mar 2011) - Seoul: 134 days, Incheon : 133 days, Busan: 87 days (with only safe levels of fine atmospheric particles recorded) Safe from any military threat from North Korea due to its southern location far from the DMZ.

Construction of a New Airport at Gadeok Island in Busan

Gwangan Bridge A New Airport at Gadeok Island in Busan
Vladivostok
Nakhodka

Busan has international flights to 27 cities in 11 countries with airport passenger volumes of 8.16 million in 2010, projected to reach 11.75 million by 2025. Flights between Busan and Seoul depart every 30 minute. Construction of a new airport at Gadeok Island will create a multi-modal transportation system to meet the increasing demand for air travel in the southeastern part of Korea

Beijing

Korea
Taean Ulleungdo Seoul Dokdo Hosan NamhaeGeoje Goheung Jeju

Japan
Kitaib araki Ajiga ura Emi Wada Maruyam a Chikura

Qingdao

Busan

IT Hub of the Asia-Pacific Region

Busan is the starting point of the international submarine cable connecting Korea, Japan, China, the U.S.A, and Europe. Busan is also home to a global Internet Exchange with the largest exchange data capacity in Korea.

China
Shanghai

Kitak Fukuok yushu a Miya zaki

Ninom iya Toyohas hi Shima

Global Cable Network