ULSAN < invest Korea

* Businesses whose FDI share takes up more than 30% of the controlling ownership

• Businesses developing technologies of future growth driver or cutting- edge technologies / applications, Businesses newly establishing or building up manufacturing facilities to produce materials / parts / equipment
• Businesses creating massive employment opportunities by establishing or building up new manufacturing facilities (manufacturing: 300, financial services: 200, services: 100, real estate: 50)
• Businesses newly establishing or building up R&D facilities or an entity financing non-profit research bodies

: up to 50% of FDI amount (R&D, National Strategic Technology: 50%, New growth engine, Advanced, Materials/parts/equipment: 45%, others: 40%)
* Cost-sharing ratio : Land and building acquisition costs, Construction costs , etc. → (non-capital)national 70 : regional 30, (capital) national 30 : regional 70 / Employment Subsidies and Education and Training Subsidies→ national 50 : regional 50

Application (Businesses ⇒ Ministry of Trade, Industry and Resources)-> Deliberation -> Grant Limit Assessment -> Application Submission to Foreign Investment Commission (Ministry of Trade, Industry and Resources) -> Deliberation / Vote -> Authorization -> After care service