Foreign investment supports up to 75% of government this year

If foreign companies invest in our country this year, they can receive government subsidies up to 75% of their investments.

In this year's economic policy direction announced today, the government has come up with measures to promote foreign investment, which has been dampened by political instability.

The government will raise the cash subsidy limit for foreign investment by 5-20%p by sector and raise it by 10-25%p this year, up to 75% when global corporate regional headquarters or national high-tech strategic industry-related research and development centers come in.

In addition, if foreigners invest in non-metropolitan areas, they will be eligible for package support such as tax, finance, and improvement of settlement conditions, and if they are designated as special opportunity development zones by foreign investment, they will not apply area restrictions by city and province.