Corporate Investment Promotion and Support System
Corporate Investment Promotion and Support System
- Legal Basis: Incheon Metropolitan City Ordinance on the Promotion of Corporate Investment
- Eligibility: Support extended within the available budget pending deliberation by the Investment Promotion and Planning Committee
Subsidy Support Criteria
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Sort | Support Criteria | Support Amount |
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Ratio | Limit (Per Company) |
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Employment subsidy | - 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 | - Company has employed 50 or more full-time employees over the past 3 years including technicians, workers, laborers with 5 or more years of experience Up to 6 months, per person
| KRW 500,000/month | KRW 500 million |
Education and training subsidy | - Company provides education and training for 30 or more employees for 1 or more months Up to 6 months, per additional person above 30 employees.
| KRW 500,000/month | KRW 300 million |
Rent | - 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 | - Investment company that invests KRW 100 billion or more, and employs 300 or more full-time employees
- High tech company that invests KRW 300 billion or more, and employs 100 or more full-time employees
- 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 | - New and expanding companies
- 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 |