- The Korea Industrial Complex Corp. (KICOX) notified the foreign-invested company F of its intent to collect rental fees for a part of the idle land in the Sacheon FIZ that the company has used as an open storage yard for three years without permission. The company was also requested to immediately remove all its materials stored in the yard.
- The company F requested a postponement of moving its storage yard, for a substitute storage yard was still under construction. However, the request was rejected by the KICOX.
- The company F occasionally used a part of the 49,000㎡-idle land to store steel pipes. Nevertheless, the usage fees imposed by the KICOX amounted to approximately 800 million won, 120% added to the 5% rent rate for the entire 49,000㎡.
- The company F claimed it had obtained the consent of the local government, in charge of managing the FIZ, to use the idle land as an open storage yard, arguing the imposition of usage fees was unjust. |
