Financial Support
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Financial Support Guide
| Category |
Support Condition |
Support Content |
Support Limit (FDI amount) |
| Financial Support |
- New growth engine industry
- Advanced technology & advanced product industry
- Component/material production business
- New and extension of Large size new employment creation plant (if exceeding 50-300 people by business)
- New and extension of research facilities contributed by foreign nonprofit R&D corporate or R&D research facilities
- Investments that have great effect on domestic economy compared investment amount (multi-national company local headquarters, regional strategic projects)
|
- Land/building purchase & lease
- Construction
- Capital goods purchase
- Infrastructure Installation
- Employment & education/training
|
- R&D: Up to 50%
- Advanced industry: Up to 40%
- Other: Up to 30%
|
Tax Exemption
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Tax Exemption Guide
| Category |
Type |
Exemption rate (%) |
| Tax Exemption |
New growth investment projects |
- Acquisition tax (city tax) Total exemption for 15 years
- Property tax (Gu/Gun tax)
- (Jung-gu, Nam-gu, Dong-gu) Full exemption for seven years, 50% exemption for three years
- (Buk-gu, Ulju-gun) Full exemption for 15 years
- Exemption of customs, special consumption tax, VAT
|
| investment projects in foreign investment area |
| Investment projects in Free Economy Zone |
- Acquisition tax(city tax) Total exemption for 15 years
- Property tax (district/county tax)
- (Jung-gu, Nam-gu, Dong-gu) Full exemption for seven years, 50% exemption for three years
- (Buk-gu, Ulju-gun) Full exemption for 15 years
- Customs duty exemption: Full exemption for five years
|
Other Support
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Other Support Guide
| Category |
Support Condition |
Support Content |
Support Limit (FDI amount) |
| Special Support |
- Foreigner investment amount 50 million dollars or more or 300 full timers per day
|
- Land purchase & plant facility investment amount
|
|
| Facility Subsidy |
- New/expansion of plant facilities for industry supporting service business with KRW 3 billion or more, highly advanced technology accompanying project
|
- Facility/equipment investment amount
|
- Within 2% range exceeding KRW 3 billion (KRW 200 million limit)
|
| Employment Subsidy |
- New employment of 20 people or more within 5 years after registering as foreign investment company
|
- 20 people for 6 months Subsidy for surplus training people
|
- KRW 500,000 monthly per person
|
| Education/training Subsidy |
- Education/training for new employment of 20 people or more within 5 years after registering as foreign investment company
|
- 20 people for 6 months Subsidy for surplus training people
|
- KRW 500,000 monthly per person (KRW 200 million)
|
