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01Application of letter of intent for investment
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- Submit investment proposal (business plan)
- Submit letter of intent (LOI)
- Submit evidences to prove implementation capabilities
- Business Information Memorandum among investors and participating parties of the consortium
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- Provide various information related to the project
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02Submit investment proposal
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- Objectives and background of the project
- Development plan (concept, introducing facilities, developmental strategies, blueprint of buildings, and so on)
- Financial plan : owner’s capital, borrowed capital
- Project implementation plan and organization structure
- Profitability analysis results and ripple effects
- Project Management
- Plan for fund collection and return
- Plan for management and operation
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- Introduce domestic partners, if necessary
- Parties for enforcement/construction, legal services, accounting, consulting, banks, and so on
- Introduce supporting items including incentives, administrative services, and so on
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03Review investment proposal
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- Feasibility analysis and adequacy review for investment proposal
- Validation of investors’ implementation capabilities
- If accepted for implementation capabilities, select as the priority negotiation partner
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- Credit inquiry
- Check willingness and financial potential of the consortium participants (interviews with stakeholders)
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04Negotiation
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- Set negotiation agenda for agreement
- Agree the principles of investment (MOU or basic agreement on implementation)
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05Assignment of project vendor
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- Execution of investment preceding procedure: completion of organization for implementation, and so on
- Assign project vendor : foreign company of consortium
- Execution of investment procedure : ①investment report ②introduce initial fund ③capital payment ④found SPC or branch office ⑤registration of foreign investment company
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- Introduce on SPC foundation
- Consulting including legal affairs, accounting, and so on
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06Contract of land acquisition (contract of land)
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- Land valuation
- Land contract and deposit payment
- Property right transfer after balance payment
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- Sell state-owned and shared properties and private contract on borrowing
- Long-term payment, rental fee reduction, and so on
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07Acquisition of business licenses
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- Execute environmental audit, approval of implementation plan
- Licenses for design and building review
- Initiation of factory construction, initiation of lot preparation (civil engineering)
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- PM assignment and service provision
- Support SOC facilities
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