Corporation Tax, Income Tax: A maximum of 100% reduction and exemption for 5 years, then 50% for 2 years
Customs, Special Excise, Added Value Tax: 100% reduction and exemption for 3 years
Regional Tax Benefits
Acquisition Tax, Registration Tax: 100% reduction and exemption for 15 years
Property Tax: 100% reduction and exemption for 7 years, 50% reduction and exemption for 3 years
Finance Benefits: Up to 200 million won per business
Subsidy: For land, hiring, education and training, and facility
Domestic Investment Company
Support for Moving to the Domestic Company Investment Promotion District
Who receives the support: A company with an investment worth more than 1.5 billion won or with new employment of more than 20 staff.
Support Benefits: Up to 200 million won per company per subsidy
Land Site: Up to 30% of the normal price of land parcel
Hiring Subsidy: Up to 500,000 won per employee exceeding 20 newly hired employees
Subsidy for Education and Training: Up to 500,000 won per employee exceeding 20 newly hired employees
Facility Subsidy: Within the scope of 2% for facility costs exceeding 5 billion won
Moving Subsidy: 1% of the moving cost for factory facility exceeding 1 billion won
Finance Benefits
Funds for Safe Business Administration
Up to 200 million won per company
Support for Domestic Company
Subsidy for Moving Head Office: Up to 300,000 won per personnel and 100 million won per company exceeding 10 personnel working at the head office
Special Support for Companies Moving from the Greater Capital City Area: Up to 5 billion won for companies located in the Greater Capital City Area
Operating business in the Greater Capital City Area for more than 3 years, full time employment of more than 50 people
Support for financing the purchase of factory site
Investment amount of more than 5 billion won, more than 100 full time employees
Up to 50% of the purchase price of factory site
Financing interest: no interest
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