Gwangju, the shining city.
Legal Basis
- Article 14-2 of the Foreign Investment Promotion Act
Assessment Criteria
- The status of entailing advanced technology, the effect of the technology transfer, the size of the job creation, overlap with domestic investment, the appropriateness of the location, etc.
Support Details
- The purchase price or rent for land or buildings for the construction of factories or research facilities
- Construction costs for factory facilities or research institutes
- The cost of purchasing capital goods and research apparatus and materials to be used for business or research purposes at factory facilities or research institutes
- Installation costs for infrastructure such as electricity and telecommunications facilities required for the construction of factory or research facilities
- Employment subsidy and education and training subsidy
Support procedure
- Assessment of the detailed Investment PlanMinister of Trade, Industry and Energy
- Determination of the amount of cash supportNegotiation with foreigners and review by the Investment Review Committee
- Negotiations on cash support status and amountMinister of Trade, Industry and Energy
⇄ Minister of Strategy and Finance
- Payment of cash supportPayment of cash support
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