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Saemangeum Block 3·7·8 Designated as Comprehensive Customs Zone… Supporting Hyundai's 9 Trillion Won Investment
AI 3-line summary
- On August 4, the Saemangeum Development and Investment Agency and the Korea Customs Service designated Saemangeum National Industrial Complex Block 3·7·8, measuring 6.0 km² (1.81 million pyeong), as a comprehensive customs zone.
- The comprehensive customs zone, which now includes Blocks 1·2·5·6, totals 14.1 km² (4.26 million pyeong) and supports the Hyundai Motor Group's investment plan of approximately 9 trillion won.
- Companies moving in receive benefits including deferral of customs duties, value-added tax exemption, and skipping of patent renewal procedures, from factory construction through manufacturing and export.
Summary written by AI from the original article · 88 languages
Official translation → Read the full article (machine translation) → Original article (Korean): 새만금 3·7·8공구 종합보세구역 지정…현대차 9조원 투자 뒷받침
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