Subsidy for promotion of local investment

  • Application target and eligibility
    • [Relocation of metropolitan company to local area] HQs located in the metropolitan area, managed the existing business for 3 consecutive years, over 30 regular employee, investment in the same industry type as in the metropolitan area, closure of the existing business place
    • [New and extended investment in local regions] Over 10 employees and management of the existing business for 3 consecutive years, investment in economic cooperation industry/key industry/region-focused business investment, maintaining the existing business place
  • Scope of support
지원범위 정보 제공하며 보조금 유형, 지원비율(대기업, 중견기업, 중소기업) 항목으로 구성된 표
Type of subsidy Support ratio
Large company Middle standing company SME
Location - Within 10% of the land purchase price Within 30% of the land purchase price
Facility investment Within 8% of the facility investment amount Within 11% of the facility investment amount Within 14% of the facility investment amount

※ Location subsidy only applies to the relocation of metropolitan companies to local areas

Subsidy support for company investing in Jeollanam-do

  • Target of support: A company investing over KRW 2 billion that signed an MOU with Jeollanam-do
  • Scope of support: Budget of KRW 400 million or less can be supported for each company

※ Subsidy for promotion of local investment and Jeollanam-do subsidy cannot be applied at the same time

Tax exemption support

세제 지원 정보 제공을 하며 감면세목, 수도권 기업의 지방이전, 산단 입주기업 감면 항목으로 구성된 표
Item Relocation of a metropolitan company to a local area A company moving into the industrial complex
Corporate tax 100% for 7 years, 50% reduction for 3 years 50% reduction on a newly established company for 5 years
Property tax 100% for 5 years, 50% reduction for 3 years 75% reduction for 5 years
Acquisition tax Exempted 75% reduction

Financial support

  • Loan facilitation such as land purchase cost, building facility cost, etc.
  • Support on interest of SME development fund: Within 5%; for 1 year (within the loan amount of KRW 300 million)

Designation as a special support area for regional SMEs (only applies to move-in companies of Mokpo Daeyang Industrial Complex)

  • Procurement of limited competition and private contract are supported for national institutes and local government organizations
  • Preferred policy fund loan by the Small and Medium Business Administration and guaranteed by the Korea Technology Finance Corporation·Korea Credit Guarantee Fund