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Investment Thesis |
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Sovereign Guarantee |
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| The investment will be protected under “Inter-Korean pacts on economic cooperation”. |
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| Inter-Korean pacts on economic cooperation |
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Guaranteeing investment properties |
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Preventing double taxation |
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Establishing procedures for disputes settlement |
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Establishing settlement account system |
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Repatriation of profits |
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| Repatriation of profits and/or capital is not a problem for the investment in the
Mt. Kumgang Special tourism zone, as it is guaranteed under “the Special Laws on
Mt. Kumgang Tourism Zone”. |
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Taxes |
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| No taxes on the tourism development activities and business activities under
“the Special Laws on Mt. Kumgang Tourism Zone”. |
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Anticompetitive Protectione |
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| Hyundai Asan Corporation can give guarantee the exclusive business right for investors. |
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Management Team |
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| We are going to outsource specialist or experienced staff not only from Hyundai Group but
also other companies. Also, if necessary, we will hire foreign staff for the project operation. |
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