Other subsidies(subsidies for corporate investment promotion district)
Other Subsidies (Subsidy for Corporate Investment Promotion District)
Relevantlaws/regulations
Ordinance on Gyeongsangnam-do Enterprises and Investment Attraction, Etc. and Enforcement Rules of the Ordinance
What is Corporate Investment Promotion District?
Promote Investment and early sales for industrial and agricultural industrial complex by providing incentives and designating unsold industrial complex as investment promotion district
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Requirements | After 1 year from the approval for the completion of the industrial complex and in the case of that land sales is less than 70% and minimum available area is larger than 33.058㎡ |
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Corporate Investment Promotion District status (5 districts)
Sancheong Maechon General Industrial Complex / Hamyang General Industrial Complex / Haman Daesan Jangam Agricultural Industrial Complex / Geochang Elevator Spcialized Agricultural Industrial Complex / Sancheong Oriental Anti-aging General Industrial Complex
| Category | Site Purchase Subsidy | Employment Subsidy | Training Subsidy | Facility Investment Subsidy | Facility Investment Subsidy |
|---|---|---|---|---|---|
| Requirements |
① Enterprises moving into corporate investment promotion district ② Invest more than KRW 2 billion ③ Employ more than 10 full-time employee |
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| Benefit | Within 70% of land price | KRW 1 million per employee exceeding 10 employees, maximum 1 year | KRW 1 million per employee exceeding 10 employees, maximum 1 year | Within 10% of facility investment, exceeding Invest KRW 2 billion | Within10% of relocation facility investment, exceeding Invest KRW 0.5 billion for relocation |
| Application Deadline | Within 5 year after completion of investment | after completion of investment(within 5 year after business start date) | following year after start of training (within 5 year after business start date) | within 5 year after business start date | within 1.5 year after business start date |
Support Limit
| Category | Requirements | Site Purchase Subsidy | Employment Subsidy | Training Subsidy | Facility Investment Subsidy | Re-location Subsidy | Remarks |
|---|---|---|---|---|---|---|---|
| Corporate Investment Promotion District |
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KRW 1 billion | KRW 0.3 billion | KRW 0.2 billion | KRW 0.2 billion | KRW 0.2 billion | Less than investment KRW 5 billion |
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KRW 1.5 billion | KRW 1 billion | KRW 0.5 billion | KRW 1 billion | KRW 0.5 billion | Less than investment KRW 10 billion | |
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KRW 2 billion | KRW 1.5 billion | KRW 0.7 billion | KRW 2 billion | KRW 0.7 billion | Less than investment KRW 20 billion | |
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KRW 3 billion | KRW 2 billion | KRW 1 billion | KRW 3 billion | KRW 1 billion | - |