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Cash Grants

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 ꠗ Foreign Investment Committee