In the case of opening a foreign medical institution in a free economic zone, various support systems such as tax reduction and exemption and financial support are in operation.
As for the tax reduction and exemption details, as a foreign medical institution newly established in a free economic zone, 100% reduction in corporate tax and income tax for 3 years and 50% exemption for an additional 2 years when an investment of USD 5 million or more is established by local government ordinance 15 100% exemption every year.
Local governments are actively supporting foreign-invested companies to provide financial support for site development, land rent reduction, and the installation of convenient facilities for foreigners, such as medical facilities.
As for public and public land, the Korean government and local governments can provide foreign-invested companies with rent reduction or exemption for national and public property, permission for use and profit through private contracts, and reduction or exemption of rent for state and public property so that they can be loaned or sold. is also actively supported.
In addition, foreigners or corporations who have established foreign medical institutions in the Free Economic Zone are granted preferential treatment* for incidental businesses* such as health care spas, bathhouses, and tourism and lodging businesses with permission from the Minister of Health and Welfare.

* Medical tourism facilities such as bathhouse business, installation and operation of healing hot springs, tourist lodging business, tourist use facility business, international conference business, etc.