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Projects subject to foreign investment
  • 01Projects to attract foreign capital
    • Identifying foreign investment opportunities by linking provincial strategic industries with the '5 Mega-regions & 3 Special Autonomies' regional growth engines
    • Foreign investment zones (complex or individual) designated or desired for designation
    • Gangwon East Coast Free Economic Zone, East Sea Free Trade Zone
    • immigrant investor plans for real estate, etc.
  • 02Private capital investment project within the districts(province, cities, and counties)
    • Idle national and public land sites that need development or planned for development
    • Agricultural and industrial complexes for sale or under construction
    • Projects reflected in regional development plans, mega-regional development plans, etc.

    ※ Clusters, development promoted districts, abandoned mine areas, new development areas, enterprise cities, specialized complex, innovation valleys, industrial parks, etc.

  • 03Innovative enterprises (related organizations) in the district that wish to attract investments
    • Companies that need to attract financial investments for M&A, technology transfer, R&D investments, and fund investments
Foreign Investment Process
  • Investor
    ① Report a foreign investment
    (KOTRA, Foreign exchange bank)
  • ② Transfer investment amount (Foreign exchange bank)
    Issuance of a certificate for custody of stock subscription payment (upon registration of incorporation) and foreign exchange certificate (upon registration of investment company)
  • ③ Registration of incorporation
    (Court registry office)
  • ④ Report of incorporation and registration of business
    (Tax office where the head office is located)
  • ⑤ Transfer of prepaid capital to the company's bank account
    (Foreign exchange bank)
  • ⑥ egistration of foreign investment company
    (Agency initially reported)
Incentives
Foreign Investment Zones
Table of Investment Target Projects by Type
Item Complex type Individual type
Overview
  • Move in to a designated industrial complex
  • Proceed with designation procedures in the desired area or in accordance with the application
Occupanccy
qualifications
  • A foreign investment ratio of 30% or more AND a foreign investment amount of KRW 100 million or more
  • Target Industries: New Growth Engine Industries, Manufacturing, and other sectors designated by the Management Authority
  • Manufacturing

    FDI 30 million USD ↑

  • Tourism

    FDI 20 million USD ↑

  • ogistics, SOC development projects

    FDI 10 million USD ↑

  • Advanced R&D

    2 million USD More than 10 Masters with more than 3 years of research experience

  • Designated individual foreign investment by 2 or more

    The total amount is more than the investment amount for each business (industry)

Current
status
Munmak Foreign Investment (December 9, 2013) Munmak Foreign Investment (December 9, 2013) LEGOLAND (April 29, 2014) LEGOLAND (April 29, 2014)
Tax-relief
  • Tariffs, VATs, special consumption taxes: Exempted 100% for five years
  • Tariffs: Exempted 100% for five years
    • Refer to the acquisition tax and property tax subsidy support system
Local Tax
Reduction
and
Exemption
  • Manufacturing

    FDI: Min. USD 10M

  • Logistics

    FDI: Min. USD 5M

  • Individual FIZ Resident Companies
  • Acquisition tax reduction: 100% for businesses operating more than 15 years
  • Property tax reduction: 100% for businesses operating more than 7 years, 50% for the next three years (different by city and county)
Rent
reduction
  • Exceptions for leasing of national and public property: More than 30% of foreign investment shares & maintained for 5 years from the date of private contract
  • Rent: 1% of the land price/year
  • Rent reductions
    • [100%] (New growth and path-breaking technology industries) Exceeding 1 million USD, (Manufacturing industry) Exceeding 2.5 million USD & hired more than 200 employees
    • [90%] (Manufacturing) Exceeding 2.5 USD million & Employees 150↑ 200↓
    • [75%] (Manufacturing) Exceeding 5 million USD
  • Can be leased in a form of private contract
    • [National and public land] 100% exempted when investing more than the minimum amount for each industry
Miscellaneous
support
  • Infrastructure support, such as port/road/water system/railway/communication/electrical facilities, etc. (less than 50% of the construction cost of the relevant project)
  • Exempted from traffic congestion charges
Miscellaneous
support
  • Infrastructure support, such as port/road/water system/railway/communication/electrical facilities, etc. (less than 50% of the construction cost of the relevant project)
  • Exempted from traffic congestion charges
Subsidy Support Systems
① Cash Grant Incentives (Subsidized by the National Government)
table of
① Cash Grant Incentives (Subsidized by the National Government)
Classification Details
Eligibility
  • If the foreign investment ratio is 30% or more AND any one of the following conditions is met
    • New Growth Engines & Core Technologies : Future Mobility, AI, Semiconductors, Bio-health
    • dvanced Technology and Advanced Product Business : Carbon, Nano-convergence,Rechargeable Batteries, Robotics
    • Materials, Components, and Equipment Production : Textiles, Pulp, Chemicals, Pharmaceuticals, Rubber, Plastics
    • R&D Center : Research facilities with 5 or more full-time research personnel in the fields of New Growth Engines, Advanced Technologies, or Materials, Components, and Equipment
    • New Job Creation: 300 or more full-time employees in the case of manufacturing
Types of Support
  • Location Support : Purchase cost or rent for land and buildings
  • Facility Support : Construction costs for facilities and purchase costs forequipment such as capital goods, etc
  • Infrastructure Support : Installation costs for infrastructure such as electricity, telecommunications, etc
  • Human Resources Support : Employment subsidies and education/training subsidies
Support Ceiling
  • Support Limit : The eligibility and the specific limit for support shall be determined by the Ministry of Trade, Industry and Energy (MOTIE) Committee
    * From 2026, an additional 14%P will be added to the determined support limit for non-metropolitan areas
    • Maximum Support Limits by Sector
      Table of Investment Target Projects by Type
      R&D Center New Growth Advanced Tech Materials & Parts Large-scale Employment
      50% 45% 40%
Cost-sharing Ratio
Table of Investment Target Projects by Type
Category Rate (General) Rate (ODZ)
National Provincial National Provincial
Subsidies (Location, Facilities, Infrastructure) 70 30 80 20
Subsidies (Human Resources) 50 50 50 50
② Gangwon State Foreign Investment Support (Local Government Incentives)
table of Gangwon State Foreign Investment Support
Classification Details
Eligibility
  • At least 30% of the foreign investment ratio (maintaining the initial investment ratio for 5 years)
    • upport limit : The total amount of support for the Do (Province) is less than the amount of foreign investment
      * If the investment amount exceeds 30 million USD or more than 300 daily employees, or if they contributed in a science and technology company/other non-profit corporation, they can apply for exceeding the ordinance after obtaining the Council’s consent
Land Subsidy
  • Subsidy for the difference in rent (within 10 years of support period), subsidy for the difference in the sales price (Less than 50% of the sales price, for land owned by the operator of the industrial complex development project)
  • Application for subsidy shall be made within one year from the date of the contract, Deliberation and decision is made by the Foreign Investment Promotion Council of the Do (Province)
    * Complex-type Foreign Investment Zones (FIZ) are excluded from rental subsidies, as they already benefit from discounted rental rates (1%)
Employment Subsidy
  • For employees residing in the district, exceeding 20 → 1 million KRW per employee per month for less than 6 months
    Maintain employment for 3 years, Maximum limit of KRW 1 billion per company, Applied in the following year of employment
Education and
Training Subsidy
  • Education and training for 20 or more newly employed Koreans →1 million KRW per employee per month for less than 6 months
    Maintain employment for 3 years, Maximum limit of 1 billion KRW per company. Applied in the following year of education and training
Facility Subsidy
  • 10% of facilities exceeding 3 billion KRW upon expansion of a new factory (limited to 5 billion KRW per company)
    * Applied to the Do Governor within one year from the date of completion
Support on
Counseling Expenses
  • If a foreigner is confirmed to invest in the project after receiving counseling for investing within the province, up to 500 million KRW can be supported (less than 50% of the total counseling cost). Applied to the Do Governor within one year from the date of the start of the business
Important Notes
  • MOU or Investment Agreement must be signed with the local government prior to any investment activities
  • Subsidies must be applied for with the Governor within one year of business commencement or facility completion
  • The business must remain operational for 5 years for facility subsidies and 10 years for location subsidies, starting from the settlement date

* Supports mostly matched with national finance

Immigrant Investor Plan for Real Estate
Concept

Foreigners who invest KRW 1 billion or more in tourism and recreation facilities are granted a Residence visa (F-2). After maintaining the investment for 5 years or more, the investor, their spouse, and unmarried children are granted Permanent Residency (F-5)

* (Procedure for granting of qualifications) Preliminary review of foreigners (immigration/foreign office) → Conclusion of a contract/acquisition of real estate → Granted with residence qualification (F-2) from immigration/foreign office → Granted with permanent residence (F-5) if investment is maintained for 5 years
Designated Areas for the Immigrant Investor Scheme

① Pyeongchang Alpensia : May 1, 2013 – Dec 31, 202
② Mangsang District, Gangwon State Free Economic Zone (GSFEZ) : Apr 1, 2025 – Dec 31, 2026
③ Yongpyong Tourist Complex, Pyeongchang : Apr 1, 2025 – Mar 31, 2030

* Applicable to resort condominiums, general and residential facilities, and villas within the designated areas
Designation Procedures by System
Individual type foreign investment zone designation procedures
  • Submission of designation plan and feasibility report
    (Company)
  • 지Review of designation plan
    (Gangwon-do)
  • Request for evaluation of the designation
    (Gangwon State → MOTIE)
  • Review of suitability
    (MOTIE)
  • Evaluation by the working groups of the Foreign Investment Committee
  • Evaluation and notification of results by the foreign investment committee
  • nnouncement of designation
    (Gangwon-do)
Designation Process for the Immigrant Investor Scheme

  • Announcement of projects
    Central or Local Governments

  • pplication for designation
    Central government, Citiy and Province → Ministry of Justice

  • Preliminary evaluation and factual survey
    Ministry of Justice

  • Selection of targets for comprehensive inspection and inquiry of opinions, etc.
    Ministry of Justice → Relevant organizations

  • Presented in the Investment Immigration Conference
    Ministry of Justice and relevant authorities

  • Decision and announcement of results
    Minister of Justice
투자상담
  • 기업유치 033-249-4924
  • 국비지원 033-249-2965
  • 지방비지원 033-249-3723
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