ULSAN < invest Korea

* Businesses whose FDI share takes up more than 30% of the controlling ownership

• Businesses developing technologies of future growth driver or cutting- edge technologies / applications, Businesses newly establishing or building up manufacturing facilities to produce materials / parts / equipment
• Businesses creating massive employment opportunities by establishing or building up new manufacturing facilities (manufacturing: 300, financial services: 200, environment: 100, real estate: 50)
• Businesses newly establishing or building up R&D facilities or an entity financing non-profit research bodies

: up to 50% of the investments (R&D, National Strategic Technology: 50%, New growth engine, Advanced, Materials/parts/equipment: 40%, others: 30%)
※ Allotted amount: non-capital areas: national budget 60%+ city budget 40% Capital areas: national budget 30%+ city budget 70%

application (Businesses ⇒ Ministry of Trade, Industry and Energy) -> deliberation -> grant limit assessment -> application submission to Foreign Investment Commission (Ministry of Trade, Industry and Energy) -> deliberation / vote -> authorization -> after care service