Application Criteria for Local Investment Promotion Subsidy
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Application Criteria for Local Investment Promotion Subsidy (MOTIE Notice No. 2020-171)
Details
Subsidy For | Regional Classification | Subsidy Type | Scope of Subsidy | Others | ||
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Large business | Mid Market Enterprise | SMEs | ||||
Relocation from the Capital area ㆍ Mutually Beneficial Job Creation ㆍ A company once based in Kaesong Industrial Complex |
Balanced Growth Middle-region |
Location | - |
Within 10% of land purchase price |
Within 30% of land purchase price |
* Proportion of Gov’ funding - (Balanced growth-middle) Up to 65% of subsidy * Local co-sharing 3:7 - (Balanced growth-lower) Up to 75% of subsidy * Local co-sharing 5:5 Eastern area 7:3 * Support Limit : Gov. funding KRW 10bln |
Facilities |
Within 5% of facility investment |
Within 7% of facility investment |
Within 9% of facility investment |
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Balanced Growth Lower-region |
Location | - |
Within 20% of land purchase price |
Within 40% of land purchase price |
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Facilities |
Within 8% of facility investment |
Within 11% of facility investment |
Within 14% of facility investment |
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Industrial Crisis Response region |
Location | - |
Within 25% of land purchase price |
Within 50% of land purchase price |
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Facilities |
Within 11% of facility investment |
Within 19% of facility investment |
Within 24% of facility investment |
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New/ Expansion |
Balanced Growth Middle-region |
Facilities Investments |
Within 5% of facility investment |
Within 7% of facility investment |
Within 9% of facility investment |
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Balanced Growth Lower-region |
Within 8% of facility investment |
Within 11% of facility investment |
Within 14% of facility investment |
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Industrial Crisis Response region |
Within 11% of facility investment |
Within 19% of facility investment |
Within 24% of facility investment |
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Regional
Classification (Article 3) |
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Support
For (Article 8) |
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A company moving from capital areas (Article 9) *Corporate Tax Reduction |
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A company newly establishing or expanding production plants (Article 10) |
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Application By (Article 17) |
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Investment Implementation (Article 20) |
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Subsidy Settlement (Article 21) |
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Post Management |
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※ Purchase VAT not accepted as investment
※ Density Control Area of the Capital Region : Effective since July 1, 2020
※ Density Control Area of the Capital Region : Effective since July 1, 2020
- ① The city of Seoul, The city of Incheon (Ganghwa-gun, Ongjin-gun, Daegok-dong of Seo-gu, Bullo-dong, Majeon-dong, Geumgok-dong, Oryu-dong, Wanggil-dong, Dangha-dong, Wondang-dong, Incheon Free Economic Zone excluded(including those removed from FEZ) and Namdong Industrial Complex excluded
- ② Gyeonggi Province: Uijeongbu city, Guri city, Namyangju city(Hopyeong-dong, Pyeongnae-dong, Geumgok-dong, Ilpae-dong, Ipae-dong, Sampae-dong, Gaun-dong, Suseok-dong, Jigeum-dong, Donong-dong only) Hanam city , Goyang city, Suwon city, Seongnam city Anyang city, Bucheon city, Gwangmyeong city, Gwacheon city, Uiwang city, Gunpo city, Siheung city (Banwol Special Area (including those removed from special area) excluded)