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Eligible Businesses

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Businesses eligible for tax reductions or exemptions are defined in Article 121.2 of the Restriction of Special Taxation Act and Article 116.2 of the Enforcement Decree of the Act.
Tax Reductions and Exemptions - Eligible Businesses : Category (Related law),Investment Requirements(Eligible Business,Foreign-Invested Amount)
Category (Related law) Investment Requirements
Eligible Business Foreign-Invested Amount
Technologies for new growth engine industries and source technologies, technologies for materials and production processes directly related to new growth engine industries
※Attached Table 7 of the Enforcement Decree of the Restriction of Special Taxation Act, Attached Table 14 of the Enforcement Rules of the Act
Factory establishment and operation for businesses At least USD 2 million
Companies in foreign investment zones (individual-type), free economic zones, Jeju Science Park, Jeju Investment Promotion Zone, etc., that are subject to deliberation and approval of the relevant committee as prescribed by Article 18.1.2 of the Foreign Investment Promotion Act
※ Companies in zones that were formerly known as free export zones are granted the same tax reductions or exemptions as companies in foreign investment zones (individual-type).
Manufacturing, etc. At least USD 30 million
Tourism At least USD 20 million
Resort
International conference facilities
Youth training facilities
Logistics At least USD 10 million
SOC
R&D At least USD 2 million
Joint Venture At least USD 30 million
Companies in free economic zones
※Article 2.1 of the Special Act on Designation and Management of Free Economic Zones
Manufacturing At least USD 10 million
Tourism
Resort
International conference facilities
Youth training facilities
Logistics At least USD 5 million
Medical institutions
R&D At least USD 1 million
Development project entities in free economic zones
※ Article 8.3 of the Special Act on Designation and Management of Free Economic Zones
Total development project worth at least 500 million
- Foreign invested amount of at least USD 30 million, or
- Foreign investment ratio of at least 50%
Development project entities in Jeju Investment Promotion Zone
※Article 162 of the Special Act on the Establishment of Jeju Special Self-Governing Province and the Development of Free International City
Total development project worth at least 100 million
- Foreign invested amount of at least USD 10 million, or
- Foreign investment ratio of at least 50%
Companies in foreign investment zones (complex-type) as prescribed by Article 18.1.1 of the Foreign Investment Promotion Act Manufacturing At least USD 10 million
Logistics At least USD 10 million
Companies in enterprise city development zones
※ Article 2.2 of the Special Act on the Development of Enterprise Cities
Manufacturing, etc. At least USD 10 million
Logistics At least USD 10 million
R&D At least USD 2 million
Development project entities in Enterprise Cities
※Article 10.1 of the Special Act on the Development of Enterprise Cities
Total development project worth at least 500 million
- Foreign invested amount of at least USD 30 million, or
- Foreign investment ratio of at least 50%