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Changwon Environmental Capital

Location Support

  • The city can support the difference only incurred through normal parcel prices(this is the price calculated by considering site cost and actual transaction price) and a contract of parcel and etc. (it cannot exceed 50% of the normal parcel price, and anyone who has received subsidies should stay more than 10 years in the business written on the business plan)

Employment Subsidy

  • If more than 20 people are newly employed, it is possible to support up to 1 million KRW for each excess employee within 6 months) Support for up to 5 years after the registration as a Foreign Investment Company. (Total support for each company is up to 2 hundred million, anyone who has received subsidies should maintain the number of employees for three years)

Education and training Subsidy

  • If education and training is performed after newly employing more than 20 native Koreans, the city can support 1 million KRW for each excess person within 6 months. Support for up to 5 years after the registration as a Foreign Investment Company. (Total support for each company is up to 2 hundred million;anyone who has received subsidies should maintain the number of employees for three years)

Facility Subsidy

  • If a factory facility of more than 3 billion KRW and is newly built or is expanded, the city can support up to 2 hundred million KRW within 2% of facility cost which exceeds 3 billion KRW.

Support facility to improve the investment environment for foreigner.

  • When school facilities for foreigners are built, the city can support a subsidy for business cost and management costs within 50% of total cost.
  • If there needs improvement in the investment environment for foreigners, the city can support up to 2 hundred million KRW within 20% of the project cost through a deliberation by the Investment Promotion Committee.

Special Case of Public Asset Lease and Sale

  • 100% Exemption: High Tech business with one million US dollar investment, Business which invest more than 20 million US dollars, Businesses which employ more than 300 people in average per day and company which exports more than 50% of total production, if these businesses purchase all raw materials in domestic market.
  • 75% Exemption: Business which invests within a range from 10 million to 20 million US dollars, Business which employs within a range from 200 to 300 in average per day.
  • 50% Exemption: Business which invest within a range from 5 million to 10 million US dollars, Business which employs within a range from 100 to 200 in average per day.