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- Cash Grants
Cash Grants
Cash Grants
The state and local governments may provide cash grants to investment companies that commit
large-scale
investment that may have a significant ripple effect on the
domestic economy in order to partially support the funds required for its business operation.
Eligibility
- Engaging in businesses requiring new growth engine industry technologies
- Newly installing or expanding a factory (or a place of business) for businesses involving cutting-edge technology and advanced products
- Newly installing or expanding a factory (or a place of business) to produce materials, components, and equipment
- Newly installing or expanding a research facility hiring five or more researchers (those holding a master’s degree or higher in relevant fields, or a bachelor’s degree with at least three years of research experience) in areas related to new growth engine industries, cutting-edge technology, cutting-edge products, and materials/components business
- In the case of hiring 300 or more employees in the manufacturing, construction, transportation, or information service industry; 200 or more employees in the wholesale and retail, accommodation, finance and insurance, specialized science technology, leisure service business; 100 or more employees in the education service and other private business services; 50 or more employees in the real estate and leasing services
- Global or regional headquarters of multinational companies
Requirements
- Foreign investment by acquisition of new stocks, with a foreign investment ratio of 30 percent or more
- Newly installing or expanding a factory, a place of business, or R&D facility
Details
- The purchase cost or rental fee for land or buildings to accommodate factories or research facilities
- The construction cost for factories or research facilities
- The purchase cost of capital goods and research equipment and materials used for business or research at factories or research facilities
- The installation fee for infrastructure, such as electrical and communication facilities to build new factories or research facilities
- Subsidies for employment and education/training
※ To be determined through negotiations and deliberation by the Foreign Investment Committee.