Investment Company Support System
| Division | Subsidy type | Support ratio | ||
|---|---|---|---|---|
| Large conglomerates | Medium-sized companies | SMEs | ||
| General | Location | - | Within 10% of land acquisition price | Within 30% of land acquisition price |
| Facility investment | Within 8% of facility investment amount | Within 11% of facility investment amount | Within 14% of facility investment amount | |
| Special support | Location | - | Within 25% of land acquisition price | Within 50% of land acquisition price |
| Facility investment | Within 14% of facility investment amount | Within 24% of facility investment amount | Within 34% of facility investment amount | |
Extended the special region for employment crisis response to May 3, 2020; extended the special region for industrial crisis response to May 28, 2021
Location subsidies are applicable only to the relocation of metropolitan enterprises to more rural regions
Financial support
- Interest assistance for SME development fund in Mokpo: Interest assistance within 3% (with a loan term of 2 years and a maximum of KRW 300 million)
- Liaison for SME development fund loan: A maximum of KRW 1.2 billion (KRW 2 billion with MOU), annual interest rate of 2.4%
Benefits of a special support region designation for rural SMEs(applicable only to enterprises situated in the Mokpo Daeyang Industrial Complex)
- Restricted access to private contracts and competitive bidding for national agencies and local governments
- Preferential loans and guarantees provided by the Technology Guarantee Fund and Credit Guarantee Gund and policy fund loan assistance from the Small and Medium Business Administration
Special region support in response to employment and industrial crisis(designation period: May 2018 - May 2019)
- Support of 1/2 of the wage for one year (up to KRW 60,000 per day) when a local resident is employed for 6 months
- Annual support of KRW 14 million for 3 years per individual when a youth is employed to a full-time position
- Annual support of KRW 7.2 million for 1 year per individual when a retiree is employed for 6 months after completing an employment program
- 100% exemption of corporate tax and income tax for 5 years for start-up companies
- Increased support ratio for local investment promotion subsidy (location subsidy of 30% ⇒ 50%, and facility investment subsidy of 14% ⇒ 34% for SMEs)