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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ClassificationSupport Criteria
(※ Supported within   budget)		Funding Amount
RateLimit
(per company)
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