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Boost for Woollett as Zincox's Korean site wins tax breaks

May 11, 2010 - 11:27 GMT Location: London

KEYWORDS: zinc , Korea , Janie Davies

Zincox's chosen operating site for its recycling plant in Gyeongju City has been designated a foreign investment zone (FIZ) by Korea's Foreign Investment Committee, granting the company incentives including a five-year tax holiday.

ZincOx's plans in Korea have been supported by the mayor of Gyeongju City and the governor of Gyeongsangbuk-Do Province, both of whom have been "instrumental" in the outcome of ZincOx's FIZ application, the company said. "We are delighted to have obtained these substantial benefits and we are very grateful for the strong and dynamic support from the Korean authorities at both a...

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