Support Services
Local Government Funding Support - Chungnam Province and Municipalities
Local Government Funding Support - Chungnam Province and Municipalities
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- Local Government Funding Support - Chungnam Province and Municipalities
Support Target - For companies engaged in the manufacturing industry, information and communication technology (ICT) sector, and knowledge service businesses that have signed investment agreements with local governments, the eligibility criteria are as follows
| Classification | Support Target |
|---|---|
| Domestic Business Relocation |
Operating business in South Korea for at least one year, Investment amount of 2 billion KRW or more, Employing 20 or more personnel. ※ Additional support for headquarters relocation requires a minimum of 30 employees. |
| New Investment Companies | Operating business in South Korea for at least one year. Investment amount of 2 billion KRW or more. Employing 20 or more personnel. |
| Large-Scale Investment Companies | Operating business in South Korea for at least one year. Investment amount of 100 billion KRW or more. Employing 300 or more personnel. |
Regional Classification
| Regional Classification | Support Ratios (National Funding : Local Funding) |
Support Items |
|---|---|---|
|
Balanced Development Upper Area (Cheonan, Asan) |
30:70 |
· Location Subsidies : Up to 40% of the land acquisition amount · Equipment Subsidies : 14% of the equipment investment amount · Headquarters Relocation Subsidies : 10% of the equipment investment amount, additional · New Employment Subsidies : 7% based on new employment, additional ※ Note: There is a limit of 5 billion KRW, 100 billion KRW for large-scale investments |
|
Balanced Development Middle Area (Gongju, Boryeong, Seosan, Nonsan, Gyeryong, Dangjin, Geumsan, Hongseong, Yesan, Taean) |
40:60 | |
|
Balanced Development Lower Area (Buyeo, Seocheon, Cheongyang) |
50:50 | |
|
National Innovation Complex Areas (Seongmun, Songsan2, Naepo) |
50:50 |