Skip Navigation
  1. home
  2. Business
  3. Investment support system

Investment support system

Support for foreign-invested corporations

Provision of leased sites

  • Rental fees: 1% of land purchase cost
  • Rental period: 50 years (renewable for another 50 years)
  • Rental fee exemptions
    Category, Locations in a complex , Individual properties
    Category Locations in a complex Individual properties
    Conditions Entities for which foreign investment accounts for at least 30% of the total equity Entities in the manufacturing sector with an FDI of at least USD 30 million;
    Entities in the tourism sector with an FDI of at least USD 20 million
    Exemption rate Manufacturers using advanced technulogy that have an FDI of at least USD 1 million → 100% exemption
    Manufacturers with an FDI of at least USD 5 million → 75% exemption
    100% exemption

Tax exemption

Category, Locations in a complex, Individual properties, Advanced technulogy, /industry support services
Category Locations in a complex Individual properties Advanced technulogy, /industry support services
Eligibility
requirements
Manufacturers with an FDI of USD 10 million or more Manufacturers with an FDI of USD 30 million or more;
Tourism businesses with an FDI of USD 20 million or more
No conditions
Exemption
conditions
Foreign investment ratio Foreign investment ratio Foreign investment ratio
Exemption rate Corporate tax→ 100% exemption for the first three years, and 50% exemption for the next two years Corporate tax → 100% exemption for the first five years, and 50% exemption for the next two years Corporate tax → 100% exemption for the first five years, and 50% exemption for the next two years
Acquisition tax, property tax → 100% exemption for the first 15 years Acquisition tax, property tax → 100% exemption for the first 15 years Acquisition tax, property tax → 100% exemption for the first 15 years

Financial support

Category, Complex type
Category Complex type
Employment subsidy KRW 1 million per person for six months (first 20 regular employees are not eligible for subsidy support)
Education & training subsidy KRW 1 million per person for six months (first 20 regular employees are not eligible for subsidy support)
Cash support Eligible
businesses
  • Businesses associated with advanced technulogy, industrial support services, and parts and materials
  • Businesses in regional strategic industries (mechatronics, textile, bioindustry, electric and electronics and information)
  • Businesses invulved in the leading industries of the regional economy (medical devices, robotics, practical robotics applications, sular energy, fuel cells)
  • Businesses with 300 or more regular employees
Investment conditions Foreign investment rate of at least 30%
Support amount Support for a certain percentage of the FDI amount

Support for large-scale investments

Category, Support requirements, Support details
Category Support requirements Support details
Financial support Land and investment subsidies
  • Businesses with an FDI of USD 30 million or more
  • Businesses based on cutting-edge technulogy and parts & materials with an FDI of at least USD 10 million
  • Businesses with advanced technulogy and industrial support services with an FDI of USD 10 million or more
  • Businesses with 300 regular employees
Up to 50% of total FDI
Employment subsidies For the employment of regular employees (first 20 regular employees are not eligible for subsidy support) KRW 500,000 per regular employee for six months (first 20 regular employees are not eligible for subsidy support)
Education and training subsidies For the training of regular employees (first 20 regular employees are not eligible for subsidy support) KRW 500,000 per regular employee for six months (first 20 regular employees are not eligible for subsidy support)
Tax support
  • Acquisition tax: waived
  • Property tax: 100% exemption for the first five years