GWANGJU < invest Korea

According to Yonhap News,

Gwangju-si will give special incentives to key strategic industry companies who invest in the region's automobiles, artificial intelligence (AI), energy, and semiconductors.

Gwangju-si announced on August 2 that the revised "Enforcement Rules of Gwangju Metropolitan Government Ordinance on the Promotion of Investment Attraction' will go into effect on August 4.

When companies located in other regions complete making investment in Gwangju, the location subsidy, which was supported within 20% of the sale price of the industrial complex, will rise to within 30%.

Facility investment subsidies, which were supported within 10% of the amount exceeding KRW 500 million - KRW 1 billion, depending on the type of an investing company, will increase to within 14%.

In particular, 2% of facility investment subsidies will be additionally provided as special incentives to companies in the fields of automobile, AI, energy, and semiconductor to attract investment on key strategic industries.


areum@yna.co.kr

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Source: Yonhap News (August 2, 2023)