Procedures of FTZ move-in
| Move-in procedures | Schedule | Related grounds | Remarks |
|---|---|---|---|
| Selection of preferred bidders | - | Selection notice | YGPA |
| Selection of tenants | After completion of negotiation - Lease zone, lease area, etc. |
FTZ move-in guidance after the selection | YGPA → Yeosu Regional Office of Oceans and Fisheries → preferred bidders |
| Application for permission to FTZ move-in | Within 90 days after the receipt of the FTZ move-in guidance | Article 17 of 'Guidance on class 1 port hinterland management' | Preferred bidders → Yeosu Regional Office of Oceans and Fisheries |
| Signing of the lease contract | The rent shall be paid within 60 days after the date of application for the permission to FTZ move-in is granted |
Article 17(2) of 'Guidance on Class 1 Port Hinterland Management' | YGPA ↔ preferred bidders |
| Application and permission of building | Within 6 months after the date of permission to FTZ move-in granted | Article 13 of the「Act on designation and management of free trade zones | Tenants → Yeosu Regional Office of Oceans and Fisheries |
| Start of building | Within 1 year after the date of the building permit and before the end of specified period stipulated on the business plan of the tenant |
Article 17(7) of 'Building Act' and condition precedent of the leasing contract | Yeosu Regional Office of Oceans and Fisheries |
| Beginning of the business | Date of building permit of non-administrative port construction or the date of first cargo is handled (Korea Customs Service basis) |
Article 2 of ‘Guidance on Class 1 Port Hinterland Management | Yeosu Regional Office of Oceans and Fisheries, Korea Customs Service |
