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Support for Business Activities
Location Support
Support for Business Activities Location Support Table - Lease, Rent Reduction Provided Table
Lease
  • It is possible to lease national and public land within a period of 50 years
  • The rent is calculated by multiplying the land value by a rate of 10/1,000 or more.
Rent Reduction 100% reduction
  • More than $1 million in high-tech projects
  • More than $20 million in investments
  • Average full-time employment of more than 300 people
  • Export more than 50% of total production, procurement of 100% of domestic parts and raw and subsidiary materials
  • 100% of total output for export business
75% reduction
  • Foreign investment amount of more than $10 million and less than $20 million
  • Average full-time employment of more than 200 and less than 300 people
  • Export more than 50% of total production, procurement of domestic parts and raw materials is more than 75% and less than 100%
  • More than 75% and less than 100% of total output for export business
50% reduction
  • Foreign investment amount of more than $5 million and less than $10 million
  • Average full-time employment per day is more than 100 and less than 200
  • Export more than 50% of total production, procurement of domestic parts and raw and subsidiary materials is more than 50% and less than 75%
  • More than 50%~less than 75% of total output for export business
Sale of property
  • (National public property) The sale of construction costs is possible with a private contract
Subsidy Support
Support for Business Activities Subsidy Support Table - Targets, Category, Benefits and Conditions Provided Table
Targets Category Benefits and Conditions
National and Local Taxes Location Subsidy
  • Support only for the difference between the normal sale price and the sale price, specified in the contract
  • It cannot exceed 50% of the normal sale price, and the business stated in the business plan must be run for more than 10 years.
Subsidy for Facilities
  • In the case of new or expanded facilities of 3 billion won or more, falls within the range of 2% of the facility amount exceeding 3 billion won (up to 200 million won per company)
Financial Support
  • Receive financial support equivalent to that of local companies
Corporate Relocation Grant
  • Total sales should be more than 40 billion won in the previous year (more than 10 billion won in the logistics industry and knowledge-based industries)
  • For more than 20 full-time people employed at the head office or research institute, the range of KRW 300,000 is provided per person (up to KRW 300 million per company)
  • Logistics and knowledge-based industries: Range of 30% of building purchase fee or 1-year rental fee (up to 200 million won per company)
Employment Subsidy
  • In the case of the establishment of a new investment company, if there are more than 20 new regular employees, support within the range of 500,000 won
  • per person per month is provided Support for additional hires within 5 years of the start of the project
Education and Training Grants
  • When hiring 30 or more new Koreans, up to 500,000 won per person within the range of 6 months (up to 200 million won per company) will be provided
National Treasury Subsidy Project to support the attraction of foreign educational and research institutions
  • Basis for support: Guidelines for the operation of the National Treasury subsidy project to support the attraction of foreign education and research institutions (Announced by the Ministry of Trade, Industry and Energy)
  • Details of support (see table below)
Support for Business Activities National Treasury Subsidy Project to support the attraction of foreign educational and research institutions Table - support target, Details, Support Items, Support amount, Application Timeline 제공 표
Leasing Foreign Educational Institutions Foreign Research Institutions
Details Higher Education Institutions (Universities overseas)
* Top Universities in the World
University Rankings (see Operation Tips)
Elementary and Secondary Education Institutions
(International School / Foreign School)
  • University-affiliated research institutes
  • Non-profit research institutes
  • Foreign-established research institutes
  • Corporate (affiliated) research institutes
Support Items
  • Establishment preparation fees
    • Required fees that establishment entails
    • Feasibility study, legal review, travel expenses, etc.
  • Initial operating costs
    • Operational costs
    • Relocation and settlement of faculty and researchers, labor costs, facility costs, etc.
  • Construction costs
  • Initial operating costs
    • In the event of an operational deficit, after-sales support
  • Construction costs
  • Initial operating costs
    • Operational costs
    • Relocation and settlement of faculty and researchers, labor costs, facility costs, etc.
Support amount
  • Establishment preparation fees
    • Up to KRW 1.2 billion
      (Government expenses: local expenses = 50:50)
  • Initial operating costs
  • Differential support according to application criteria such as the number of students
    • (Government expenses: local expenses = 50:50)
  • Initial operating costs
    • Differential support according to application criteria such as the number of students
      (Government expenses: local expenses = 50:50)
  • Percentage of Payments
    • Government expenses: Local expenses = 50:50
      (Government expenses 500 million won, municipal expenses 500 million won)
  • Procurement of private contributions required
    • University-affiliated research institutes: 10% of the annual grant from the university is secured every year
    • Non-profit/foreign (established) research institutes: twice the government expenditure
    • Corporate (affiliated) research institutes: 4 times the government expenditure
  • Construction costs
    • Requires a full private contribution plan
    • Amount to be determined based on the results of the expert advisory committee's deliberations
      (Subsidies cannot exceed private contributions)
Application Timeline
  • Establishment preparation fee
    • After the conclusion of the final agreement
    • Payout in 3 installments
  • Initial operating costs
    • After the establishment was approved by the Minister of Education
    • Within the range of 4 years based on the initial payment year
      (Depending on the results of the performance evaluation, additional support for 3 years is possible)
  • Initial operating costs
    • Within the range of 3 years after 1 year of establishment
  • Construction costs
    • After local government deliberations and the conclusion of the final agreement
      * Foreign schools: Final agreement and superintendent establishment approval are required
  • Support can be provided within the range of 7 years based on the initial payment year
Subsidy Support
  • National treasury preferential support for infrastructure within the IFEZ (in whole or part)
Administrative Support
  • One-stop administrative support and Ombudsman service for the handling of management and living grievances of foreign-invested companies