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Cash Grants

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Cash grants

Possible candidate
* 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, environment: 100, real estate: 50)
  • Businesses newly establishing or building up R&D facilities or an entity financing non-profit research bodies
Scope
: up to 50% of the investments (R&D 50%, high-tech: 40%, others: 30%)
※ Allotted amount: non-capital areas: national budget 70%+ city budget 30% Capital areas: national budget 40%+ city budget 60%
Process
application (Businesses ⇒ Ministry of Trade, Industry and Energy) -> deliberation -> grant limit assessment -> application submission to Foreign Investment Commission (Ministry of Trade, Industry and Energy) -> deliberation / vote -> authorization -> after care service