Corporate Investment Promotion and Support System
Corporate Investment Promotion and Support System
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Legal Basis: Incheon Metropolitan City Ordinance on the Promotion of
Corporate Investment
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Eligibility: Support extended within the available budget pending
deliberation by the Investment Promotion and Planning Committee
Subsidy Support Criteria
Geomdan New Town Logistics and Distribution Facilities Site
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Support Criteria |
Support Amount |
Ratio |
Limit (Per Company) |
Employment subsidy |
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Company employs 30 or more new employees (employees must be
registered as an Incheon resident) Up to 6 months, per
additional person above 30 employees
|
KRW 500,000/month |
KRW 600 million |
Employment grant |
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Company has employed 50 or more full-time employees over the
past 3 yearsincluding technicians, workers, laborers with 5 or
more years of experienceUp to 6 months, per person
|
KRW 500,000/month |
KRW 500 million |
Education and training subsidy |
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Company provides education and training for 30 or more
employees for 1 or more monthsUp to 6 months, per additional
person above 30 employees.
|
KRW 500,000/month |
KRW 300 million |
Rent |
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Company employs more than 30 employees (employees must be
registered as an Incheon resident)
|
Up to 25% |
KRW 200 million |
Facilities subsidy |
- Company invests KRW 5 billion or more
|
2% |
KRW 1.5 billion |
Major investment subsidy |
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Investment company that invests KRW 100 billion or more, and
employs 300 or more full-time employees
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High tech company that invests KRW 300 billion or more, and
employs 100 or more full-time employees
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Company that employs 100 or more employees deemed necessary to
bring to Incheon by the Mayor
- Local income tax (limited to taxation on income)
|
2% |
KRW 1.5 billion |
Facilities subsidy |
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New and expanding companies
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Company has been in business in Incheon for 5 or more
consecutive years
- Company employs 50 or more full-time employees
- Company has invested KRW 30 billion or more
- Company has created 50 or more jobs
|
2% |
KRW 1.5 billion |