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- Incentive
- Subsidies
Subsidies
Subsidies
Local governments may grant subsidies for employment and education/training in line
with the scale of employment and effects on the development of the regional economy, etc.
Eligibility
- Foreign investment companies investing in Seoul’s eight new growth engine industries
※ IT convergence, green industry, digital content, business services, fashion/design, finance, tourism/convention, and biotechnology - Companies directly attracted by the Seoul Metropolitan Government by signing an MOU for a foreign investment promotion project
Requirements
- Within five years from the date of the initial investment or increased investment in new employment or education and training
- Foreign investment ratio of at least 30 percent
- Providing subsidies for the excess number of employees only when more than five regular employees are added as a result of a foreign investment attracted in the previous year
- Hiring new employees and providing education and training at a vocational education and training institution as stipulated by the Vocational Education and Training Promotion Act in terms of educational training subsidies
Details
- Providing a monthly subsidy of KRW 1 million per person for the number of employees exceeding five regular employees of Korean nationality for a total of six months
- Providing subsidies for employment and education/training up to KRW 200 million per company