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Cash Grants

For Foreign Direct Investment that has a significant effect on the Korean economy,
the state or a local government may provide the foreign direct invested company
with cash grants to partially support the funds required for its business operation

Eligibility

Engaging in a business requiring new growth engine industry technologies Newly installing or expanding a factory (or a place of business) in a high technology and advanced product business Newly installing or expanding a factory (or a place of business) to produce materials, components, or equipment Engaging in a business creating new, large-scale employment of regular workers (50 to 300 workers) Newly installing or expanding a research facility hiring five or more researchers dedicated to research in fields related to new growth engine technology industry a high technology and advanced product business or a materials and components business
(those who have a master’s degree or higher in relevant fields or who have a bachelor’s degree and at least three years of research experience)
The international or local headquarters of multinational company

Requirements

Newly installing or expanding a factory, a place of business, or a R&D facility Foreign investment by the acquisition of new shares and foreign investment ratio of at least 30 percent

Amount

To be determined through negotiations and deliberation by the  Foreign Investment Committee