Foreign Investment Promotion and Assistance Ordinance
- Legal basis: Ordinance on Promotion and Support of Foreign Investment in Incheon Metropolitan City and Enforcement Regulation
- Eligibility: Foreign investment of 30% or more or foreigners as the primary major stockholder
Subsidy Support Criteria
Geomdan New Town Logistics and Distribution Facilities Site Sort, Organization, Area, Note 로 구성된 표
| Classification | Support Criteria
(※ Supported within ;budget) | Funding Amount |
|---|
| Rate | Limit
(per company) |
|---|
Hiring
subsidy | - Foreign-invested companies that hire more than 20 new Korean nationals within five years of registration are eligible to receive support of up to ₩500,000 per new employee per month for a period of six months.
| ₩500,000/
month | ₩200 million |
Education
training
subsidy | - Foreign-invested companies that hire over 20 new domestic employees as permanent staff within five years of registration and provide training are eligible for support of up to ₩500,000 per employee per month for six months.
| ₩500,000/
month | ₩200 million |
Facility
subsidy | - In the case of new or expanded factory facilities valued at ₩3 billion or more Up to 2% of the facility costs exceeding ₩3 billion.
| Up to 2/100 | ₩200 million |
Location
subsidy | - When purchasing or leasing part or all of a specific industrial complex pursuant to Article 14(1) of the Ordinance on the Promotion and Support of Foreign Investment, the amount of foreign investment must exceed the threshold set by Article 25(1) of the Enforcement Decree of the Foreign Investment Promotion Act.
- When subsidizing a portion of the sales price pursuant to Article 14(2) of the Foreign Investment Promotion and Support Ordinance, the subsidy is limited to the difference between the standard sales price(the price calculated by taking into account the construction cost and actual transaction price) and the sales price stipulated in the sales contract for foreign investments that meet the criteria for designation as a foreign investment area under Article 25(1) of the Enforcement Decree of the Foreign Investment Promotion Act. However, for manufacturing industries, the subsidy shall not exceed the standard factory area, as determined by the factory area rate set by the Minister of Trade, Industry, and Energy.
- The subsidy under item 2 may not exceed 50% of the standard sales price.
The recipient must have been in business for at least 10 years.
| Up to 50/100
of sales price
| 50% of
sales price |
Foreigner/
investment/
facility
subsidy | - (Under the Special Act on Designation and Management of Free Economic Zones) When establishing and operating a foreign educational institution, business expenses (including land purchase and construction costs) and operating expenses may each be subsidized up to 50%.
- (Under the Special Act on Designation and Management of Free Economic Zones) This applies to the new construction and operation of medical institutions and pharmacies exclusively for foreigners.
Up to 20% of business expenses
(land acquisition, construction costs, and costs associated with purchasing an existing building)
| Up to 50/100
Up to 20/100
| - |
