Investment Support System

Changwon, a World Masterpiece City

Admire the beautiful landscape of Changwon, a world masterpiece city A garden-like city with several small islands on the South coast of Korea The lively citizens are the pride of Changwon full of hope and creativity.

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Support of Location
  • Different amount of sale price is supported in order to rent land after purchasing it or supply facility land at a low price( This subsidy shall not exceed 50% of the sales price and the proposed business based on its plan shall be operated for more than 10 years.)
Employment subsidy
  • In case of employing personnel of more than 20 new workers, subsidy up to KRW1Mil. per person is supported in such exceeding case during the first 6 months(subsidy limit per each corporation is KRW0.2Bil., employment of personnel under subsidy shall be maintained for more than 3 years.)
Subsidy for educational training
  • In case of employing local workers numbering more than 20 new workers and providing educational training for them, subsidy in the range of KRW100,000-1Mil.,/month/person is supported based on 6 month term (subsidy limit per corporation is KRW0.2Bil., and employment of personnel under subsidy shall be maintained for more than 3 years.)

Facility subsidy
  • In case of newly constructing or expanding factory facility of which amount is more than KRW3Bil., subsidy up to KRW0.2Bil. is supported within the limit of 2% of the facility amount.)

Facility Support for improving investment environment of the foreigners
  • When constructing school facility for the foreigners, subsidy is supported within 50% of the total amount of business cost and operation expenses.
  • Regarding the facilities including hospital, pharmacy and housing, subsidy not more than KRW0.2Bil., corresponding to 20% of the business cost is supported through review of investment attraction committee.

Special case of public property rent and sales
  • 100% exemption: High-tech Business of which investment is more than US$1Mil., business of which investment is more than US$20Mil., business of which average daily number of employee is more than 300 persons and business that exports more than 50% of its total production volume and all those businesses that procure required parts and raw/subsidiary materials totally in the domestic market.
  • 75% exemption: business of which investment is within the range of U$10Mil.-20Mil., average daily number of employee is within the range of 200-300 persons
  • 50% exemption: business of which investment is within the range of U$0.5-10Mil. average daily number of employee is within the range of 100-200 persons.

Tax exemption: High-tech business and industrially supporting service business, individual type investment zone for the foreigners

  • Corporate tax: 100% for 5 years, 50% for 2 years
  • Acquisition tax: registration tax and property tax: exemption for 15 years