Incentives for Investment Company

외국인투자기업 지원 안내표로 구분, 지원대상, 지원한도, 지원내용 항목으로 구성된 표
Classification	Object	Limit	Details of subsidizing
Subsidy	More than 30% foreigner invested enterprise	Support in consideration of investment amount and employment effect	Location‧employment‧Education & Training subsidy
Cash support	New growth engine industry Industry support service business Part‧Material industry	Assess and decide by foreigner investment committee	Decide the amount of cash support according to the investment scale, technology level and new employment creation
Tax reduction	Enterprise moved into foreigner investment zone	Local tax reduction	Local tax exemption for 15 years
	Moved into economic free zone	Aquisition tax, property tax	Custom duty exemption for 5 years
	Moved into free trade zone	Custom duty reduction
	Enterprise moved into enterprise city

보조금 세부 지원내용(조례18~29조) 안내표로 구분, 지원대상 항목으로 구성된 표
Classification	Details of subsidizing
Subsidy for industrial location	Limited to 50% of rental fee(Within 10 years from the first payment by subsidizing organization) Limited to 30% of the selling price Application deadline: Within 1 year from rental date and selling agreement date
Subsidy for land purchasing	Limited to 500 million won less than 10% of the land purchasing price(Enterprises moving in by purchasing more than 1,000㎡ land) Application deadline: Within 1 year from rental date and selling agreement date
Employment subsidy	Less than 500K Won per employee exceeding 20 newly employed in full time for shorter than 6 months. Limited to 600 million Won Obligatory employment for 3 years for the employees supported by subsidy limitedly to the new employees recent 3 years
Education and training subsidy	Less than 500K Won per employee for 20 newly employed during education and training period for shorter than 6 months. Limited to 600 million Won OObligatory employment for 3 years for the employees supported by subsidy limitedly to the new employees recent 3 years
Facility subsidy	Limited to 1 billion Won within 3% of the facility amount exceeding 5 billion Won in case of new building or expanding more than 5 billion Won Application deadline: Within 1 year from partial or full factory registration date
Consulting subsidy	Limited to 200 million Won within 1% of decided investment amount Application deadline: Within 1 year from business start

Post Management: Must maintain the number of employees for five years from the beginning of a business and fulfill the business

Basis to Support with Subsidy
- Ordinance Article 35, Yeosu-si Company & Investment Attraction Promotion
Target Companies
- Foreign Investment company: Investment with more than 300 million US dollars or normal daily employment size of more than 1,000 people
Support Amount
- The mayor will determine after the consent by the Council for the support of giant scale investment companies