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Investment Guide

Investment Incentives

 

Financial Support

Financial Support
 Division  Complex-type FIZ/ Standalone-type FIZ/ General Industrial Complex
 Employment subsidy  • Businesses that have newly employed at least 20 employees are supported with KRW 1 million, over a period of six months, per person over the established 20 employees.
 Education and training subsidy  • If businesses that have newly employed at least 20 domestic employees conduct training programs, they are supported with KRW 1 million, over a period of six months, per person over the established 20 employees.
 Cash support  Target  • Target
- High-tech businesses, industrial support service businesses, parts material businesses.
- Businesses with at least 300 regular employees for the manufacturing industry.
- Regular employees with a master’s degree (or higher) or with a bachelor’s degree and more than three years of research experience. The target is for more than five employees to be defined as above in the research facilities.
 Cash support  Conditions  • Foreign investment rate of 30% or higher.
 Cash support  Support amount  • Foreign direct investment (FDI) subsidies at a certain rate determined through negotiation.

 

Tax Reduction and Exemption

Tax Reduction and Exemption
 Item Complex-type FIZ  Standalone-type FIZ  High-tech businesses/
Industrial support service businesses 
 Requirement  • Manufacturing businesses with an FDI of US$ 10 million or more.  • Manufacturing businesses with an FDI of US$ 30 million or more.
 • Tourism businesses with an FDI of US$ 20 million or more.
 • None.
 Target  • Foreign investment rate.  • Foreign investment rate.  • Foreign investment rate.
 Tax reduction rate  National taxes   • Income taxes (corporate taxes).
→ 100% of income tax (corporate tax) for 3 years and 50% for the subsequent 2 years.
 • Income taxes (corporate taxes)
→ 100% of income tax (corporate tax) for 5 years and 50% for the subsequent 2 years
 • Income taxes (corporate taxes)
→ 100% of income tax (corporate tax) for 5 years and 50% for the subsequent 2 years.
 Tax reduction rate  Local taxes  • Acquisition taxes, property taxes.
→ 100% of acquisition tax and property tax.
 • Acquisition taxes, property taxes.
→ 100% of acquisition tax and property tax.
 • Acquisition taxes, property taxes.
→ 100% of acquisition tax and property tax.


※ Exemption on customs, special consumption taxes and VAT applied to imported capital goods for the next five years.  

 

Land Provided at Lower Price and Reduction & Exemption on Rental Cost

Land Provided at Lower Price and Reduction & Exemption on Rental Cost
Item  Complex-type FIZ  Standalone-type FIZ 
 Requirement  • FDI share of 30% or more.    • Manufacturing businesses with FDI of US$30million or more.
 • Tourism businesses with FDI of US$20million or more.
 Reduction rate  • High-tech manufacturing businesses with an FDI of US$1million or more → 100% exemption.
 • Manufacturing businesses with an FDI of US$5million → 75% exemption.
 • 100% exemption.
 Rental cost  • 1% of land price. 
 Lease period  • Up to 50 years.

 

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