Subsidies

Subsidies : Classification, Qualification, Support details
Classification	Qualification	Support details
Subsidies for Employment	When employing more than 20 Ulsan residents that have lived in Ulsan city for more than six months within five years after registration as a foreign-invested company	KRW 500,000 per extra employee every month for up to six months
Subsidies for Employee Training	When training more than 20 new workers within five years after registration as a foreigninvested company	KRW 500,000 per employee every month for up to six months limited to KRW 200 million per company
Subsidies for Facility Construction and Expansion	When businesses with high technology or industry support services invest more than KRW 3 billion in facility construction or expansion	Up to 2 percent of the amount spent over KRW 3 billion with a maximum limit of KRW 200 million per company (within assigned budgets)

* Refer to the Ulsan Metropolitan City Ordinance on Investment Promotion and its Enforcement Rules