Invest in Andong
Andong, the Capital of Korean Spirit
- Industry&Economy
- Invest in Andong
Gyeongbuk Bio Industrial Complex
- Project
- Location: Goejeong-ri and Maegok-ri of Pungsan-eup, Andong-si
- Development Area: 941.012㎡
- Project Term: 2004~December 2009
- Total Cost of Project: 73.9 billion KRW
- Major Facilities: Industrial facilities, assistance facilities, and infrastructure
- Project Manager: Andong City
- Executor: Gyeongbuk Development Corporation
- Investment Environment
- SOC plan: Entryway, water supply, substation, optical communications network, wastewater treatment facilities, parks, etc
- Traffic: The center of traffic that connects to any region in Korea within 3 hours since the opening of Jungang/Jungbu Inland Expressway, 9㎞ of Seoan-dong IC, and 4-way expressways from east to west
- Tourist attractions: Hahoe Village, Bongjeong Temple, Dosanseowon, Andong Maskdance Festival, Advanced Center for Korean Studies, Traditional Cultural Contents Museum
- Nearby facilities: Pungsan Agricultural Complex, Agricultural Produce Wholesale Market, Andong General Distribution Complex
- Other: Center of education, healthcare, culture, and administration in the northern part of Gyeongbuk
- Incentives
- Administrative aid: Ordinances for Andong’s local companies and attraction of investors, one-stop service
- Financial aid: Employment/education/training, investment in facilities, transfer subsidies up to 8.4 billion KRW
- Tax aid: Full exemption of acquisition tax·registration tax, 50% deduction of property tax·general land tax for 5 years
Andong Culture & Tourism Complex
- Project
- Location: Seonggok-dong & Seok-dong of Andong-si
- Development Area : 1,662,629㎡
- Project Term : 2000 ~ 2010
- Total Cost of Project : 4,8588 billion KRW
- Major Facilities: Golf course, Confucian Culture Experience Center, hotels, condominiums
- Project Manager : Andong City
- Progress : Gyeongbuk Development Corporation has paid compensations for property.
- Investment Environment
- SOC plan: Entryway, wastewater treatment facilities, public parking lot, water/sewer, etc
- Traffic: The center of traffic that connects to any region in Korea within 3 hours since the opening of Jungang/Jungbu Inland Expressway, 9㎞ of Seoan-dong IC, and 4-way expressways from east to west
- Tourist attractions: Hahoe Village, Bongjeong Temple, Dosanseowon, Andong Maskdance Festival, Advanced Center for Korean Studies, Traditional Cultural Contents Museum
- Nearby facilities: Andong Folk Museum, drama studio on the water and outdoors
- Other: The clean and beautiful landscape of Andong Lake, Korea’s greater collection of wooden heritage
- Incentives
- Administrative aid: Ordinances for Andong’s local companies and attraction of investors, one-stop service
- Financial aid: Employment/education/training, investment in facilities, transfer subsidies up to 8.4 billion KRW
- Tax aid: Full exemption of acquisition tax·registration tax, 50% deduction of property tax·general land tax for 5 years
