Subsidies for foreign-invested enterprises in Seoul

06.04.18

Companies that are based upon a share of foreign investments in excess of 30 percent can receive subsidies up to 1,000,000 KRW per employee

Companies that are based upon a share of foreign investments in excess of 30 percent can receive subsidies, if they are operating in one of the eight predetermined new growth industries: IT convergence, green industry, digital content, business services, fashion & design, finance, tourism and conventions, biomedical.

These subsidies are required to be used for education and training. The extra payment will be given on a monthly basis, though a yearly amount of 400 million KRW may not be exceeded.

For further information, please visit the blog of Seoul Metropolitan Government here