Domestic company |
Support target |
Investment more than 2billion won and new employment more than 20 people. |
Company with investment consulting and signed memorandum of understanding (MOU). |
Support of location |
Within 20% of investment and up to 5billion won. |
Financial support |
Support moving cost |
| - Within 5% of investment over 2 billion won and up to 5 billion won. |
Support of employment fund |
| - 500,000 won per month per employees over 20 new domestic employment and within 100million won. |
Support of education and training fee |
| - 500,000 won per month per employees over 20 new domestic employment and within 100million won. |
Loan support |
Loan for site purchase |
| - Investment over 5billion won and employment over 100 people. |
| - Loan without interest within 30% of site purchasing fund and limited by 300million won. |
Loan for other operating fund |
Commencement of enterprise and enforcement of competitiveness - within 1.1billion won |
Fund for fostering venture - within 300million won |
Secondary compensation for operating fund for small and medium companies |
| - General company 3%, favored · female owner company 5% |
Tax support |
Support for companies in the industrial complex |
| - Acquisition tax, registered tax: exempted |
| - Property tax : exempted for 5 years |
Support for commencement of enterprise · venturing small and medium companies |
| - Acquisition tax, registered tax: exempted for 2 years |
| - Property tax : exempted for 5 years |
| - Corporation tax, income tax : 50% reduction for 5 years |
| |
Foreign company |
Support target |
Company with foreign investment is 30/100 or the largest shareholder of the company is a foreigner. |
Support of location |
Free loan for plant site |
Financial support |
Support of employment fund |
| - 1million won per month per employees over 20 new domestic employment and within 600million won. |
Support of education and training fee |
| - 1million won per month per employees over 20 new domestic employment and within 600million won. |
Cash support |
| - Foreign investment more than 10million dollars, High technology business, within 20% of investment |
Tax support |
Foreign company support |
| - Acquisition tax, registered tax: exempted for 15 years |
| - Corporation tax, income tax : exempted for 5 years and 50% reduction for the following 2 years. |
| - Property tax : exempted for 7 years and 50% reduction for the following 3 years. |