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Support System to Attract Foreign Investment

- Support: available within the budgetary limitations upon deliberation by the Investment Planning Committee
- Legal Basis: Incheon Metropolitan City Foreign Investment Attraction and Support Ordinance and Enforcement Regulation
 
Criteria for subsidy support

Classification Subsidy criteria Note
Criteria for subsidy support
Facility subsidy If the company builds new or extending existing factory facilities that cost KRW 3 billion or more, the company will be entitled to up to 2% of total investment in facilities over the sum of KRW 3 billion
(Up to KRW 200 million per company)
 
Education and training subsidy If the company educates and trains 20 or more new Korean citizens for recruitment purposes within five years of registering as a foreign-invested company, it will be entitled to up to KRW 500,000 per month for a maximum of six months.
(Up to KRW 200 million per company)
 
Employment subsidy If the company employs 20 or more new Korean citizens within five years of registering as a foreign-invested company, it will be entitled to up to KRW 500,000 per month for a maximum of six months.
(Up to KRW 200 million per company)
 
Support to improve the environment for foreign investment
If the company newly establishes and operates a research facility or foreign academic institution (specified under the Special Act on Designation and Management of Free Economic Zones), it will be entitled to support of up to 50% of its business costs (real estate procurement cost and construction cost) and operation costs.
 
If the company newly establishes and operates a medical institution or foreigner-only pharmacy (specified under the Special Act on Designation and Management of Free Economic Zones), it will be entitled to support of up to 20% of its business costs (real estate procurement cost and building acquisition cost if it purchases an existing building).
 
 
 




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