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 Investment Environment |
Daejeon - The Optimum Place for Investment in High-tech
Daejeon is located in the center of South Korea, a location which offers easy access to the transportation network in South Korea, a highly intellectual and educated work force, internationally attractive conditions for foreign residents, and various business enterprises. |
| Strategically located in the center of South Korea, railways, expressways, and national highways conveniently connect Daejeon to all parts of the country. In addition, Daejeon is internationally accessible through Cheongju Airport, (30 minutes away), Incheon International Airport (2 hours and 30 minutes away), and Dangjin Harbour (1 hour away). |
| Research and development institutes in Daedeok Science Town have a 19,000 highly educated and intellectual work force. The 18 universities, including the Korea Advanced Institute of Science and Technology (KAIST), the Information and Communications University (ICU), and Chungnam National University (CNU), supply a 20,000 strong highly qualified technical and research oriented work force to Daejeon every year.. |
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| Over the past 30 years, 80 research and educational research institutes, including 800 venture companies, have accrued to Daedeok Science Town. Daejeon, the second administrative capital city of South Korea, is also where the key national agencies are located. These include: Daejeon Government Office Building, the Daejeon 3rd and 4th Industrial Complexes, the Korean Intellectual Property Office (a mecca of intellectual property rights), a patent court, three armed services' headquarters, a military training center, and a venture town. These facilities undoubtedly present an industrial cluster which facilitates information exchanges, marketing opportunities, technological development, and the supply of suitable materials. |
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| Daejeon offers its foreign residents international-class amenities, such as the Taejon Christian International School, which has been in operation for 50 years and foreigner designated hospitals. The city is also planning to build a foreigner designated town and a new international school in Daedeok Techno Valley. In addition, diverse international social and professional societies and clubs in the Daedeok Science Town provide foreigners with opportunities to network and socialize. |
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| Daejeon has a designated Daedeok Science Town, a Daedeok Techno Valley, the Daejeon 3rd and 4th Industrial Complexes, and a new industrial zone. Daejeon has also promoted the R&D Special Zone Law and constructed an innovative support system to encourage innovative international research and development clusters by linking the excellent technical expertise available in Daedeok Science Town to the techno-industries in the Daedeok Valley. Daejeon is planning to improve its foreign residential amenities, such as housing, education, medical care, and cultural facilities, as well as to provide concrete support from institutions related to the setting up of foreign laboratories and businesses. |
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| Daejeon provides services for investors which include the services of the Daedeok R & D Special Zone, professional consultations on taxation, customs duties reduction, corporation establishment procedures, site support for selecting and purchasing factory sites, direct and blanket handling of the approval of business permits such as factory establishment approvals and the incorporation of business entities, as well as consultations on residential facilities for investors living in Daejeon. |
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Invest Daejeon
Investment Environment 
