Skip Menu
Top_menu
sub_content
Banner


sub_content

Industries & Economy

  • Investor's Guide
  • Investment Environment
  • Administrative and Financial Support

Administrative and Financial Support

Support for Investors in the County
(County ordinance to support local and foreign companies in the county and attract investment)
Eligible Companies
  • Companies that made new or additional investments in the county
  • Companies that invested 2 billion won or more or employed 20 or more full-time workers
Subsidies
  • Up to 2 billion won for each company within the budgetary limit
Details of Subsidies
Details of Subsidies
Category Subsidies
Subsidy for Land Purchase
  • Independent building: Up to 30% of land fees or 300 million won for the purchase of land with 5,000㎡ or larger
  • Industrial complex : 50% of regular cost
Subsidy for Facility Investment
  • Up to 2% of the investment above 2 billion won or 200 million won
Subsidy for Employment
  • Monthly subsidies of 100,000 to 500,000 won per employee above 20 new employees for six months
Subsidy for Education & Training
  • Monthly training subsidies of 100,000 to 500,000 won per employee above 20 new employees for six months
Subsidy for Relocation
  • Relocation of factories: Up to 10% of relocation costs or 200 million won
  • Relocation of headquarters : Up to 300,000 per employee above 10 employees
Procedure
  • Subsidies shall be provided within the budgetary limits after the Investment Commission reviews and passes each case.
Tax Exemption
  • Relevant laws : Article 6, 119, 200, and 121 of Restriction of Tax Reduction and Exemption Act.
  • Eligible companies: New small and mid-size firms, venture businesses
  • Exemptions
    • Corporate tax, income tax : 50% reduction for 4 years
    • Registration tax, acquisition tax : Full exemption
    • Property tax : 50% reduction for 5 years