Subsidy
| Division | Targets | Limit | Description |
|---|---|---|---|
| Foreign Investment Company | Companies with 30% or more foreign investment | 50% of investment | Location, facility, employment, education and training subsidy |
| Companies Relocating to Metropolitan Area | Companies that were based on metropolitan area for 3 years or more with 30 or more employees | KRW 10 billion | Location, facility, employment, education and training subsidy |
| Subsidy for New Investment & Employment | Manufacturing industry for 3 years or more in the province or more with 10 or more employees | KRW 1 billion | KRW 7,200,000/person (KRW 600,000/month, within 12 months) |
| Provincial Investment Company | Companies with KRW 2 billion or more, and 20 or more new employees | KRW 5 billion | Location, facility, employment, education and training subsidy |
Tax Reduction
| Division | Corporate·Income Tax | Acquisition & Registration Tax | Property Tax |
|---|---|---|---|
| Foreign Investment Company | 100% for 5 years, and 50% for subsequent 2 years | Exempted for 15 years | Exempted for 15 years |
| Company Relocating to Metropolitan Area | 100% for 7 years, and 50% for subsequent 3 years | Exempted (by 2009) | 100% for 7 years, and 50% for subsequent 3 years |
| Start-up ventures and start-up SMEs | 50% for 5 years | 75% Exempted for 4 years | 100% exemption for 3 years for direct use (acquisition), 50% reduction for 2 years |
SME Fostering Fund and Financial Support
| Division | Fund Type | Description |
|---|---|---|
| Provincial Fund | Start-up and Competitiveness Strengthening Fund |
|
| Venture Company Fostering Fund |
|
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| SME Distribution Restructuring Fund |
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| Bank Cooperative Loans | Business Stabilization Fund |
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