Large-scale investment support
Large-Scale Investment Support
Relevantlaws/regulations
Ordinance on Gyeongsangnam-do Enterprises and Investment Attraction, Etc. and Enforcement Rules of the Ordinance
Special Support for Large-ScaleInvestment
*Pre-evaluation for feasibility
Eligibility
Investing KRW 50 billion or more or employing 150 or more full-time employees
Eligibility
Within 10% of facility investment and within 10% of site purchase price / up to KRW 20 billion (each up to KRW 10 billion)
| Category | Requirements (Investment / New employment) |
Subsidy Ratio | Limit of Subsidy | Remark | |
|---|---|---|---|---|---|
| Special Support for Large-Scale Investment | KRW 50 billion or more or 150 or more | 5% of facility investment | 5% of site purchase price | KRW 30 billion | Less than Investment KRW 60 billion |
| KRW 60 billion or more or 160 or more | KRW 35 billion | Less than Investment KRW 70 billion | |||
| KRW 70 billion or more or 170 or more | 7% of facility investment | 7% of site purchase price | KRW 56 billion | Less than Investment KRW 80 billion | |
| KRW 80 billion or more or 180 or more | KRW 70 billion | Less than Investment KRW 100 billion | |||
| KRW 100 billion or more or 200 or more | 10% of facility investment | 10% of site purchase price | KRW 100 billion | - | |
* Possible to support more than the limit with the deliberation of Investment Promotion Committee
Caution
Should return the full amount if unable to meet the support criteria(investment and the number of employees) within the implementation period(3 year)
Large-Scale InvestmentSupportforResearch Centers
*Pre-evaluation for feasibility
Eligibility
An enterprise that signed an MOU with the province or City·County before signing the site purchase contract
① The enterprise built a new research center or relocated an existing one from outside the province
② The enterprise invests KRW 50 billion or more and 100 or more full-time employees
Benefits
(￦) Site Subsidy Within 30% of site price
(￦) Settlement Subsidy Monthly Krw 1 million per person, for 3 years
Benefits
(￦) Site Subsidy 70% of the subsidy provided after construction start,30% of the subsidy provided after the completion of the investment
(￦) Settlement Subsidy Provided in the next year based on the confirmed number of full-time employees for each year
Support Limit
up to KRW 10 billion, within budget
Caution
Should return the full amount if unable to meet the support criteria(irivestment and the number of employees) within the implementation period(3 year)