Subsidy for Promoting Investment

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Subsidy for Promoting Investment

Subsidy for Promoting Investment

Grounds for support

Regulations for Promoting Investment in Gwangju Metropolitan City and its Enforcement Rules

Requirements

① Investment more than 2 billion won or more, full-time employees of 20 or more
② 50 or more full-time employees
③ Venture and Innobiz-certified companies with an investment of 1.5 billion won or more, and full-time employees of 15 or more
④ Headquarters, research institutes, cultural industries with an investment of 1 billion won or more, and full-time employees of 10 or more

※ Number of new full-time employees of companies within the jurisdiction: 10% of the number of full-time employees in the previous business establishment

Support details

Location subsidy, facility investment subsidy, employment, education and training subsidy, subsidy for moving employees

Support details : Classification, General, Venture, Innobiz, mining, components and materials, nanotechnology, industrial design, energy, Headquarter, research institute, culture industry, and information and communication
Classification	General	Venture, Innobiz, mining, components and materials, nanotechnology, industrial design, energy	Headquarter, research institute, culture industry, and information and communication
Eligible companies	Investment more than 2 billion won or more, full-time employees of 20 or more full-time employees of 50 or more	Investment more than 1.5 billion won or more, full-time employees of 15 or more	Investment more than 1 billion won or more, full-time employees of 10 or more
Location subsidy	Up to 20% of the investment * Up to an additional 10% for energy companies(must apply by Dec. 31, 2020) ※ Companies within the jurisdiction are not eligible to apply.
Facility investment subsidy	Up to 5% of the investment exceeding 2 billion won * Up to additional 2% for automotive companies	Up to 5% of the investment exceeding 1.5 billion won	Up to 5% of the investment exceeding 1 billion won
Employment subsidy	If the number of full-time employees exceeds 20 → 600,000 won per exceeding employee per month (up to 12 months) * cultural industry and information and communications industry are eligible for support if their number of employees exceeds 10
Education and training subsidy	If the number of full-time employees exceeds 20 → 600,000 won per exceeding employee per month (up to 6 months)
Subsidy for moving employees	Where 50 or more employees of the company outside of the jurisdiction moves to locations within the jurisdiction, 600,000 won per employee for those who reside within the jurisdiction for one year or longer (2 million for those who move with their families)