Support for local investment promotion subsidy

Governmental subsidy

• Criterion: National funding standards of inviting investments for local businesses in the local governments

Support for the companies located in cities moving into regional area

• The companies in business more than 3 years in the city and signed up investment agreement with the local governments, having at least 30 employees (the same criterion is applied to the investing entity)
• All or part of the headquarter and factories moving into the regional area
• More than KRW 1B of investment funding (more than KRW 30B for large corporates)
• Previous business entity closure or disposal is mandatory

Support for new or expanding companies

• The companies in business more than 3 years in Korea, having at least 10 employees
• More than KRW 1B of investment funding (more than KRW 30B for large corporates)
• Previous business entity remaining

Support for reshoring companies

• The companies signed up investment agreement with the local governments and disposed its offshoring business units more than 2 years of operation or reduced its scale up to 25%
• The actual owner (obtaining more than 30% of the shares) has to be identical between the overseas business units and applicant company

Support for the companies located in the city moving into the regional area

Support for new or expanding companies

Support for reshoring companies