Foreign Direct Investment - Cash Grant - Business Start Up in South Korea
In cases where foreign investment satisfies certain conditions, the central and local governments of Korea provide cash grant for the construction of a new factory, etc. In the process, the Korean government takes into account whether the relevant foreign investment accompanies high technology, the effect of technology transfer, the size of job creation, whether the foreign investment overlaps with domestic investment, the propriety of the location in which the foreign investment is made, etc. 1. Qualifications and Purposes of Cash Grant 2. Cash Grant Application Procedure 3. Follow-up Management of Cash Grant 2-1 Overview of Cash Grant (1) Qualifications and Purposes of Cash Grant Foreign investment shall meet the following requirements and its foreign investment ratio shall be over 30% to be eligible for cash grant. In case of new construction or expansion of factory facilities (workplaces for non-manufacturers) to be engaged in the industry support service