Financial Support and Incentives for Foreign Enterprises
Saha District is committed to encouraging foreign investment by providing substantial financial support and investment incentives. The following benefits are available to
businesses where the foreign investment ratio is over 30% or the majority of shares are held by foreigners, and whose industry falls under high-tech industries, industrial
support services, or Busan's strategic industries.
Subsidies
Land Acquisition Subsid
The foreign investment company is eligible for a subsidy within 30% of the land purchase price.
Employment Subsidy
Foreign investment companies who have employed over 20
new full-time workers in the last three months are eligible for
a subsidy. For high-tech industries, industrial support services,
or Busan's strategic industries, the subsidy is up to
KRW 500,000 per person (with a limit of KRW 200 million).
For other industries, the subsidy is up to KRW 300,000 per
person (with a limit of KRW 100 million).
Training Subsidy
Foreign investment companies that conduct more than one
month of training to employ over 50 domestic workers are
eligible for a subsidy. For high-tech industries, industrial
support services, or Busan's strategic industries, the subsidy is
up to KRW 500,000 per person (with a limit of KRW 200
million). For other industries, the subsidy is up to KRW 300,000
per person (with a limit of KRW 100 million).
Consulting Fee Support
If the foreign investment ratio is over 1/3 or the majority
shareholder is foreign, a subsidy is provided within 30% of
the consulting fee (up to KRW 20 million for high-tech
industries, industrial support services, and Busan's strategic
industries, and up to KRW 10 million for other industries).
Tax Incentives
Land Acquisition Subsid
The foreign investment company is eligible for a subsidy within 30% of the land purchase price.
National/Public Property Lease Fee Reduction
For foreign investment areas and national industrial complexes,
a lease rate of 1% applies for a lease term of 50 years, with a
reduction rate of 50% to 100% for land. The same applies for
the leasing of local government-owned land within industrial
complexes and foreign investment areas.
For more details, please refer to Invest Korea or Invest Busan