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General information |
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Location |
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Located in Gaeseong, Hwanghae-Do in North Korea |
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60km away from Seoul, South Korea (Gyeonggi inter-Korean road and railroad) |
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160km away from Pyongyang, North Korea (Pyongyang-Gaeseong express road) |
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Route to Gaeseong industrial District (Daily operation of shuttle bus) |
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Hyundai Bldg ∼ Jayu road ∼ Tongil bridge ∼ Doransan CIQ(Customs, Immigration, and Quarantine ) Gyeonggi inter-Korean road ∼ MDL (Military Demarcation Line) ∼ Panmun CIQ ∼ Pilot industrial complex of Gaeseong industrial District |
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Gaeseong Industrial Complex |
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Gaeseong Industrial Complex will be developed like the Shenzhen Special Economic Zone in China and it will become an industrial hub by connecting South Korea to China, Russia and Europe through Trans-Siberian Railroad and Trans-Chinese Railroad. |
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Business Structure with investors |
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Co-investment and Co-management |
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Joint venture |
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Consortium |
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100% foreign direct investment (FDI) |
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Loans and lease |
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Barter trade |
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Consulting and advisory services |
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Pilot industrial complex in the 1st phase industrial zone |
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Tenant company : 15 companies |
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Completion of factory construction : December, 2005 |
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Average factory size : 1.5 acres |
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Construction cost : USD 300 ∼ 800/㎡ |
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Construction criteria : building to land ratio (50%), floor area ratio(100%), green zone ratio (15%) |
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Hyundai Asan Corp. in charge of construction |
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Law ＆ Regulations |
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Legal system : Publication of special Law for 'Gaeseong Special Industrial zone' |
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Business rights : acquisition of exclusive business rights and land use rights for 50 years |
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Sightseeing |
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Current Status of Gaeseong |
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Agreed with North Korea to commence Gaeseong tour after considerable development of the pilot industrial park (Expected to start August 2005) |
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Abundant historic legacy and cultural assets
Natural spectacle, historic legacy, cultural assets, hot spa, traditional souvenirs, conservation of Goryeo dynasty's history and culture, etc
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High accessibility from Seoul and securing of big tour market demand |
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Various inter-Korean linkage tour program(ex. DMZ ecology tour, inter-Korean peace tour) |
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Plan |
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Main tour attractions |
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'Sun-juk bridge, Royal tomb of King 'Wang-Gun', 'Park Yeon' water-fall, Goryeo museum, Goryeo ginseng factory, Goryeo folk village etc. |
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Tour package |
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Daily, 1 night and 2 days etc. |
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Main accommodation |
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Janamsan hotel(100 rooms), Goryeo folk village, etc. |
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Construction plan |
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Improvement and expansion of tour road, restaurants, shopping center, etc. |
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Investment Opportunity in tourism facilities |
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Hotel, condominium, shopping center, golf resort, etc. |
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