Supporting Foreign Investment Companies
외국인투자기업 지원 안내표로 구분, 지원대상, 지원한도, 지원내용 항목으로 구성된 표
| Classification |
Object |
Limit |
Details of subsidizing |
| Subsidy |
More than 30% foreigner invested enterprise |
Support in consideration of investment amount and employment effect |
Location‧employment‧Education & Training subsidy |
| Cash support |
- New growth engine industry
- Industry support service business
- Part‧Material industry
|
Assess and decide by foreigner investment committee |
Decide the amount of cash support according to the investment scale, technology level and new employment creation |
| Tax reduction |
Enterprise moved into foreigner investment zone |
Local tax reduction |
Local tax exemption for 15 years |
|
Moved into economic free zone |
Aquisition tax, property tax |
Custom duty exemption for 5 years |
|
Moved into free trade zone |
Custom duty reduction |
|
|
Enterprise moved into enterprise city |
|
|
Support Details of Subsidy (Ordinance Articles 18~29)
보조금 세부 지원내용(조례18~29조) 안내표로 구분, 지원대상 항목으로 구성된 표
| Classification |
Details of subsidizing |
| Subsidy for industrial location |
- Limited to 50% of rental fee(Within 10 years from the first payment by subsidizing organization)
- Limited to 30% of the selling price
- Application deadline: Within 1 year from rental date and selling agreement date
|
| Subsidy for land purchasing |
- Limited to 500 million won less than 10% of the land purchasing price(Enterprises moving in by purchasing more than 1,000㎡ land)
- Application deadline: Within 1 year from rental date and selling agreement date
|
| Employment subsidy |
- Less than 500K Won per employee exceeding 20 newly employed in full time for shorter than 6 months. Limited to 600 million Won
- Obligatory employment for 3 years for the employees supported by subsidy limitedly to the new employees recent 3 years
|
| Education and training subsidy |
- Less than 500K Won per employee for 20 newly employed during education and training period for shorter than 6 months. Limited to 600 million Won
- OObligatory employment for 3 years for the employees supported by subsidy limitedly to the new employees recent 3 years
|
| Facility subsidy |
- Limited to 1 billion Won within 3% of the facility amount exceeding 5 billion Won in case of new building or expanding more than 5 billion Won
- Application deadline: Within 1 year from partial or full factory registration date
|
| Consulting subsidy |
- Limited to 200 million Won within 1% of decided investment amount
- Application deadline: Within 1 year from business start
|
Post Management: Must maintain the number of employees for five years from the
beginning of a business and fulfill the business
Special Support for Large Scale Investment Companies
- Basis to Support with Subsidy
- Ordinance Article 35, Yeosu-si Company & Investment Attraction Promotion
- Target Companies
- Foreign Investment company: Investment with more than 300 million US dollars or normal daily employment size of more than 1,000 people
- Support Amount
- The mayor will determine after the consent by the Council for the support of giant scale investment companies
