GANGWON-DO < invest Korea

Gangwon Province expects an increase in investments from Korean companies that moved to China but wish to return. It aims to attract investment through briefing sessions focusing on the regional support system and business management environment.

For the successful settlement of companies in the region, the provincial government will also revise the Investment Promotion Act to be in favor of returning companies and provide various tax benefits, a land purchase subsidy, and an equipment investment subsidy.

“With business conditions having improved much, we will do our utmost to attract companies to the region,” said a government official. “We are also preparing additional support measures for companies that create a large number of jobs in the area.”

Source: Newsis (Mar. 20, 2013)

** This article was translated from the Korean.