Corporate Investment Promotion and Support Ordinance
- Legal basis: Ordinance on Promotion and Support of Corporate Investment in Incheon Metropolitan City and Enforcement Regulation
- Eligibility: Companies that relocate their headquarters, factories, research centers, or training centers to the jurisdiction of Incheon (including those newly established within the area).
Subsidy Support Criteria
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Classification | Support Criteria (※ Supported within budget) | Funding Amount |
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Rate | Limit (per company) |
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Hiring subsidy | - 30 or more new hires (residents of the jurisdiction per resident registration)
Up to six months, for each extra
| ₩500,000 /month | ₩600 million |
Hiring bonus | - Including the technical experts, laborers, and workers with over 5 years of experience
50 or more permanent employees in the three years leading up to the relocation Up to six months, per person
| ₩500,000 /month | ₩500 million |
Education training subsidy | - Training of newly hired employees within two years,
involving 30 or more permanent employees, 1+ months training Up to six months, for each extra
| ₩500,000 /month | ₩300 million |
Rent | - When renting an apartment-type factory or building
Hiring more than 30 permanent employees (residents of the jurisdiction per resident registration)
| Up to 25 /100 of rent | ₩200 million |
Facility subsidy | - Investment amount of ₩5 billion or more
| 2/100 of excess | ₩1.5 billion |
Large investment special subsidy | - Investment enterprises with an investment of ₩100 billion or more, or those with 300 or more permanent employees
- Limited to the manufacturing, transportation, finance and insurance, education services industries, and corporate headquarters. - High-tech enterprises with an investment of ₩30 billion or more, or those with 100 or more permanent employees.
- Companies with 100 or more permanent employees that the mayor considers essential to attract
| Applies to Table 1 * Local income tax Up to 20/100 of the payment (income portion only) | For two years |
New/expanding company Support subsidy | - Companies that satisfy all of the following criteria for new or expanded investments within the jurisdiction
- 5 years minimum of continuous operation within the jurisdiction - 50 or more permanent employees - Investment amount of ₩30 billion or more for new or expanded investments - Companies that have hired 50 or more new employees
| Up to 2/100 of the investment amount | ₩1 billion |