National Industrial Complex Investment Incentives
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- Saemangeum Project Overview
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- Saemangeum National Industrial Complex Investment Incentives
Incentives for Foreign-invested Company
Saemangeum National Industrial Complex to Create New Value for Northeast Asian Economy
Category | Description | |
---|---|---|
Central Government | Location support |
|
Cash Grant |
|
|
Local Government | General Investment |
|
Large-scale Investment |
|
|
Employment | USD 125 for six months per employee exceeding 20 workers / USD 0.8 M | |
Educational & Training | USD 83 for six months per employee exceeding 20 workers / USD 0.6 M | |
National Tax | Corporate tax | 100% exemption for 5 years+50% reduction for 2years for start-ups or newly established enterprises (Industrial Crisis Zone, by April 4, 2022) |
Customs | 100% exemption for 5 years(For imported capital goods reported as foreign investment) | |
Local tax | Acquisition Tax Property Tax | 100% exemption for 15 years |
Incentive Case
- Toray (2016)
- Field : Automotive PPS resin and compound
- Benefit : Free rental for 100 years / 100% exemption of corporate tax for 5 years, 50% reduction for 2 years
- Solvay (2016)
- Field : Eco-friendly tire silica
- Benefit : Cash support/ 100% exemption of corporate tax for 5 years, 50% reduction for 2 years
- 8 small hidden champions in the electric vehicle field (2019)
- Field : Bus, truck, camper, etc.
- Benefit : Subsidy/100% exemption of corporate tax for 5 years
Contact
- USA and Europe
- Bryan IM : bigyim@gmail.com
- Jee Eun Kim : mangodream@korea.kr
- China
- KIM EUN CHEOL : yinzhejin@korea.kr
- KIM JIEUN : jieun0815@korea.kr
- Japan
- Yeo, Kyeong Joo : yjk08@korea.kr
- Homapage, QR Code
- www.saemangeum.go.kr [link]
