Kyung is a high-achieving CEO navigating the competitive landscape of South Korean business. This hub covers the essential national-level compliance, tax incentives, and administrative frameworks that keep her company running smoothly while ensuring she stays ahead of regulatory requirements.
⚖️ Keeping the business legal and tax-efficient
Ensuring the company remains compliant with the NTS and KFTC to avoid penalties.
Corporate Tax Filing
법인세 신고
national · National Tax Service
Who qualifies
All registered corporations in South Korea
What you get
Legal operation and tax deduction eligibility
What it actually costs you
Annual filing; requires financial statements and certified accounting records
Common gotcha
Failure to file by March 31st leads to heavy surcharges
17states & territories — open one to see what it offers.
Seoul서울특별시
As a CEO in Seoul, navigating the city's hyper-competitive business environment requires leveraging municipal innovation grants and specialized support for high-growth enterprises.
🚀 Scaling my business in Seoul
Seoul Global Startup Center Support
서울글로벌창업센터
municipal · Seoul Metropolitan Government
Who qualifies
Foreign-invested startups or international entrepreneurs based in Seoul.
What you get
Requires a business plan and proof of foreign investment or intent to incorporate in Korea.
Common gotcha
The selection process is highly competitive and happens only in specific cohorts.
High-growth SMEs in Seoul with strong export potential.
What you get
Official 'Hi-Seoul' branding rights and priority access to municipal trade missions.
What it actually costs you
Annual performance review and strict adherence to corporate social responsibility standards.
Common gotcha
The brand is only for companies that meet specific revenue growth thresholds.
👥 Hiring and retaining top talent
Seoul Youth Employment Subsidy
서울시 청년채용지원금
municipal · Seoul Metropolitan Government
Who qualifies
Seoul-based companies hiring youth (18-34) who have been unemployed for over 6 months.
What you get
Monthly wage subsidy of up to 1 million KRW per employee for 6 months.
What it actually costs you
Must provide proof of full-time employment and insurance enrollment.
Common gotcha
The subsidy is lost if the employee resigns within the first 3 months.
Seoul Work-Life Balance Certification
서울시 일생활균형 인증
municipal · Seoul Women & Family Foundation
Who qualifies
Companies with flexible working arrangements and family-friendly policies.
What you get
Preferential points in municipal procurement bids and public funding applications.
What it actually costs you
Requires an audit of HR policies and employee satisfaction surveys.
Common gotcha
Documentation must prove actual implementation, not just policy on paper.
Busan부산광역시
Busan offers specific tax incentives and R&D grants for CEOs in the maritime, logistics, and film tech sectors that are unavailable in the capital region.
🚀 Scaling my business in Busan
Busan Startup Accelerator Fund
부산창업투자펀드
state · Busan Metropolitan City
Who qualifies
Startups headquartered in Busan with less than 3 years of operation.
What you get
Equity-free grants up to 50 million KRW for R&D and market expansion.
What it actually costs you
Detailed business plan, 3-year financial projection, and pitch deck.
Common gotcha
The fund requires a physical office presence within the Busan municipal boundary.
SMEs focused on smart port technology or marine logistics software.
What you get
Co-funding for up to 70% of R&D project costs.
What it actually costs you
Technical feasibility study and proof of existing patent or IP.
Common gotcha
Strict reporting requirements on quarterly expenditure milestones.
Busan Local Tax Exemption for Strategic Industries
전략산업지방세감면
state · Busan Tax Division
Who qualifies
Companies relocating their HQ to Busan's designated industrial zones.
What you get
100% exemption on acquisition tax and 50% reduction in property tax for 5 years.
What it actually costs you
Formal application to the Busan City Hall tax department upon relocation.
Common gotcha
Must maintain the HQ in Busan for at least 5 years to avoid clawbacks.
Busan Global Talent Recruitment Grant
부산글로벌인재채용지원
state · Busan Economic Promotion Agency
Who qualifies
Busan-based companies hiring foreign experts or specialized overseas talent.
What you get
Subsidy covering 50% of the salary for the first 6 months (up to 2 million KRW/month).
What it actually costs you
Employment contract and proof of visa sponsorship.
Common gotcha
The talent must be in a 'strategic industry' defined by the city.
💼 Managing my executive health and network
Busan Executive Wellness Program
부산CEO건강검진지원
state · Busan Chamber of Commerce and Industry
Who qualifies
CEOs of registered Busan-based SMEs.
What you get
Discounted premium health screening at partner university hospitals.
What it actually costs you
Membership in the Busan CCI and a small co-pay.
Common gotcha
Limited to specific partner hospitals in the Haeundae and Seomyeon areas.
Busan Business Networking Membership
부산비즈니스네트워킹멤버십
state · Busan International Finance Center (BIFC)
Who qualifies
CEOs in the finance or tech sectors operating out of BIFC.
What you get
Access to private lounges, conference rooms, and monthly executive mixers.
What it actually costs you
Annual membership fee, which is partially subsidized by the city.
Common gotcha
Networking events are often held in Korean, though English translation is provided.
Daegu대구광역시
Daegu offers aggressive tax incentives and R&D support for CEOs in the robotics, healthcare, and future automotive sectors, making it a strategic hub for high-tech manufacturing.
🚀 Scaling my business in Daegu
Daegu Startup Support Program
대구 창업지원사업
state · Daegu Technopark
Who qualifies
Tech-based startups headquartered in Daegu with less than 7 years of operation.
What you get
Up to 100 million KRW in R&D grants and subsidized office space in Technopark facilities.
What it actually costs you
Detailed business plan, proof of local registration, and a competitive pitch process.
Common gotcha
The grant requires a matching fund contribution of 20% from your own capital.
Small and medium-sized manufacturing enterprises (SMEs) located within Daegu industrial complexes.
What you get
Financial support covering up to 50% of the cost to implement smart manufacturing software and IoT sensors.
What it actually costs you
Technical audit of current production lines and a certified vendor contract.
Common gotcha
You must use pre-approved system integrators listed by the city government.
Daegu Strategic Industry Tax Incentive
대구 전략산업 지방세 감면
state · Daegu City Tax Division
Who qualifies
Companies operating in Daegu's designated strategic sectors like robotics and medical devices.
What you get
Exemption from acquisition tax on business properties and 50% reduction in property tax for 5 years.
What it actually costs you
Application through the local district office with proof of industry classification.
Common gotcha
If you relocate your headquarters outside Daegu within 5 years, the exempted taxes must be repaid.
👥 Finding and keeping top talent
Daegu Youth Employment Incentive
대구 청년고용 장려금
state · Daegu Employment and Labor Bureau
Who qualifies
Daegu-based SMEs hiring local youth (aged 18-34) as permanent employees.
What you get
Monthly wage subsidy of 600,000 KRW per employee for up to 12 months.
What it actually costs you
Employment contract and proof of social insurance enrollment for the new hire.
Common gotcha
The employee must be a resident of Daegu for at least 6 months prior to hiring.
Daegu Global Talent Support
대구 글로벌 인재 유치 지원
state · Daegu International Center
Who qualifies
Companies hiring foreign engineers or researchers for specialized roles.
What you get
Administrative assistance for E-7 visa processing and relocation consulting for the employee's family.
What it actually costs you
Company sponsorship letter and proof of specialized skill requirements.
Common gotcha
The support is limited to specific industries designated by the city's growth plan.
Incheon인천광역시
Incheon offers unique tax incentives and logistical support for CEOs managing international trade and high-tech startups within the Free Economic Zone.
🚀 Scaling my business in Incheon
IFEZ Investment Incentives
인천경제자유구역 투자 인센티브
state · Incheon Free Economic Zone Authority
Who qualifies
Foreign-invested companies or high-tech R&D centers operating within IFEZ zones.
What you get
Corporate tax exemptions for up to 5 years and reduced rent for industrial land.
What it actually costs you
Requires a formal investment plan and proof of foreign capital injection.
Common gotcha
The tax exemption only applies to specific high-tech sectors; general retail or service businesses are excluded.
Small and medium-sized enterprises (SMEs) based in Incheon looking to export.
What you get
Vouchers worth up to 30 million KRW for marketing, translation, and overseas exhibition costs.
What it actually costs you
Requires a 20% self-funding contribution.
Common gotcha
Vouchers are non-transferable and must be used with approved service providers.
Incheon Smart Factory Adoption Subsidy
인천 스마트공장 보급 확산 사업
state · Incheon Metropolitan City
Who qualifies
Manufacturing firms in Incheon seeking to digitize production lines.
What you get
Up to 50% of the cost for installing IoT sensors and automation software.
What it actually costs you
Technical feasibility study and vendor selection process.
Common gotcha
Must use government-certified smart factory solution providers.
👥 Supporting my team in Incheon
Incheon Youth Employment Subsidy
인천 청년고용 지원금
state · Incheon Metropolitan City
Who qualifies
Companies hiring Incheon-resident youth (ages 18-34) on permanent contracts.
What you get
Monthly wage subsidy of 600,000 KRW per employee for up to 12 months.
What it actually costs you
Proof of residence and employment contract submission.
Common gotcha
The employee must remain in the company for the full duration to claim the final installment.
Incheon Work-Life Balance Certification
인천 일·생활 균형 우수기업 인증
state · Incheon Metropolitan City
Who qualifies
Companies with flexible working hours and parental leave policies.
What you get
Priority in public procurement bidding and low-interest bank loans.
What it actually costs you
Annual audit of internal HR policies.
Common gotcha
Certification must be renewed every 2 years.
Gwangju광주광역시
Gwangju offers a unique ecosystem for tech-forward CEOs, focusing on AI-driven industrial transformation and generous local tax incentives for startups.
🚀 Scaling my business in Gwangju
Gwangju AI Startup Support Fund
광주 인공지능 창업 지원금
state · Gwangju Metropolitan City AI Industry Bureau
Who qualifies
AI-focused startups headquartered in Gwangju with less than 5 years of operation.
What you get
Up to 100 million KRW in non-dilutive R&D grants.
What it actually costs you
Detailed business plan, proof of local office lease, and a 3-year financial projection.
Common gotcha
The grant is paid in installments based on milestone achievements, not a lump sum.
Financial support for patent application fees and IP consulting.
What it actually costs you
Application through the local IP center portal.
Common gotcha
Limited annual budget; apply early in the fiscal year.
👥 Finding and keeping the right people
Daejeon Youth Job Creation Subsidy
대전 청년 일자리 창출 지원금
state · Daejeon City Employment Department
Who qualifies
Companies hiring Daejeon-resident youth (18-34).
What you get
Monthly wage subsidy for up to 12 months.
What it actually costs you
Employment contract and proof of residency.
Common gotcha
Must maintain the employee for at least 6 months post-subsidy.
Daejeon Tech Internship Program
대전 기술 인턴십 프로그램
state · Daejeon Technopark
Who qualifies
Tech-focused SMEs partnering with local universities.
What you get
Partial salary coverage for student interns.
What it actually costs you
Partnership agreement with a local university.
Common gotcha
Interns must be enrolled in specific STEM programs.
Daejeon Employee Housing Support
대전 근로자 주거 지원사업
state · Daejeon City Housing Division
Who qualifies
Employees of local SMEs who moved to Daejeon for work.
What you get
Monthly housing allowance or low-interest rent loan.
What it actually costs you
Proof of employment and lease agreement.
Common gotcha
Income caps apply to the employee.
Ulsan울산광역시
Ulsan is the industrial heart of South Korea, offering specific incentives for high-tech manufacturing, green energy startups, and specialized labor retention for CEOs operating in the automotive and shipbuilding sectors.
🚀 Scaling my business in Ulsan
Ulsan Technopark R&D Grant
울산테크노파크 기술개발 지원사업
state · Ulsan Technopark
Who qualifies
Small and medium-sized enterprises (SMEs) based in Ulsan focusing on automotive or hydrogen tech.
What you get
Up to 100 million KRW in non-repayable R&D funding.
What it actually costs you
Detailed business plan, 3 months of audit, and proof of local office registration.
Common gotcha
The grant requires a matching fund of 20% from the company's own capital.
Companies building hydrogen charging stations or hydrogen-related manufacturing facilities in Ulsan.
What you get
Subsidized land lease rates and construction cost rebates up to 15%.
What it actually costs you
Environmental impact assessment and 6 months of permit processing.
Common gotcha
Strict adherence to safety regulations often delays the final payout.
Ulsan Foreign Investment Zone Tax Break
울산 외국인투자지역 세제혜택
state · Ulsan City Investment Promotion Division
Who qualifies
Foreign-invested enterprises with a minimum investment of 5 million USD.
What you get
Full corporate tax exemption for 5 years and 50% for the following 2 years.
What it actually costs you
Investment report to KOTRA and Ulsan City, 2-year monitoring period.
Common gotcha
You must maintain a specific number of local hires to keep the tax status.
Ulsan Smart Factory Adoption Subsidy
울산 스마트공장 구축 지원
state · Ulsan Chamber of Commerce and Industry
Who qualifies
Manufacturing firms in Ulsan looking to digitize production lines.
What you get
Up to 50 million KRW for software and hardware integration.
What it actually costs you
Consultation report and proof of vendor selection.
Common gotcha
You must use certified local vendors to qualify for the full amount.
👥 Finding and keeping top talent
Ulsan Youth Employment Subsidy
울산 청년채용 장려금
state · Ulsan Employment and Labor Department
Who qualifies
Ulsan-based SMEs hiring local youth (ages 18-34) as full-time employees.
What you get
700,000 KRW per month per employee for up to 12 months.
What it actually costs you
Employment contract and 4 major insurance enrollment proofs.
Common gotcha
If the employee quits within 6 months, you must return the subsidy.
Ulsan Industrial Skills Training Grant
울산 산업기술 인력양성 지원
state · Ulsan Human Resources Development Committee
Who qualifies
Companies providing specialized training for shipbuilding or automotive engineers.
What you get
Reimbursement for 80% of training facility rental and instructor fees.
What it actually costs you
Curriculum approval and attendance records.
Common gotcha
The training must be certified by the local HR committee beforehand.
Gyeonggi-do경기도
As a CEO in Gyeonggi-do, you navigate the most robust industrial ecosystem in Korea, where provincial support for R&D and local tax incentives are crucial for scaling operations outside of Seoul.
🚀 Scaling my business in Gyeonggi
Gyeonggi Technopark R&D Voucher
경기테크노파크 기술지원사업
state · Gyeonggi Technopark
Who qualifies
Small and medium-sized enterprises (SMEs) located within Gyeonggi-do.
What you get
Vouchers for technical consulting, prototype testing, and equipment usage worth up to 20 million KRW.
What it actually costs you
Requires a detailed business plan and proof of local business registration; competitive selection process.
Common gotcha
The application window is very short; you must monitor the portal for the annual announcement in February.
Manufacturing SMEs adopting AI or smart factory technology.
What you get
Subsidy covering 50% of software implementation costs up to 20 million KRW.
What it actually costs you
Technical proposal and proof of vendor contract.
Common gotcha
Must use government-approved digital solution providers.
👥 Supporting my team in the province
Gangwon Youth Employment Incentive
강원도 청년 일자리 도약 장려금
state · Gangwon Provincial Government
Who qualifies
Companies hiring youth (18-34) who are Gangwon residents.
What you get
Monthly subsidy of 600,000 KRW per employee for up to 12 months.
What it actually costs you
Employment contract and proof of residence for the employee.
Common gotcha
The employee must be a resident of Gangwon for at least 6 months prior to hiring.
Gangwon Employee Housing Support
강원도 근로자 주거지원
state · Gangwon Housing Corporation
Who qualifies
Employees of SMEs located in industrial zones without company housing.
What you get
Monthly rent subsidy or low-interest housing loan for employees.
What it actually costs you
Employee income verification and company recommendation letter.
Common gotcha
Limited slots available; usually first-come, first-served in the fiscal year.
Chungcheongbuk-do충청북도
As a CEO in Chungcheongbuk-do, you benefit from the province's aggressive push to become a hub for bio-health, semiconductors, and batteries, offering unique tax incentives and R&D support.
🚀 Scaling my business in the heart of Korea
Chungbuk Startup Support Fund
충북 창업지원펀드
state · Chungcheongbuk-do Provincial Government
Who qualifies
Early-stage startups headquartered in Chungbuk with high growth potential.
What you get
Equity investment or low-interest loans up to 500 million KRW.
What it actually costs you
Business plan, financial statements, and a pitch deck; 2-3 months review.
Common gotcha
The fund prioritizes companies in the bio-health or secondary battery sectors.
Chungbuk R&D Innovation Voucher
충북 R&D 혁신 바우처
state · Chungbuk Technopark
Who qualifies
SMEs in Chungbuk looking to outsource R&D to local universities.
What you get
Vouchers covering 70% of R&D costs, up to 50 million KRW annually.
What it actually costs you
Proof of partnership with a certified research institution.
Common gotcha
The voucher must be used within the fiscal year; unused portions expire.
Chungbuk Global Export Assistance
충북 수출기업 지원사업
state · Chungbuk Chamber of Commerce
Who qualifies
Companies based in Chungbuk looking to expand into overseas markets.
What you get
Subsidies for trade fair participation and international certification costs.
What it actually costs you
Application form and proof of export readiness.
Common gotcha
Requires a valid export license and previous year's financial audit.
Chungbuk Investment Tax Credit
충북 투자유치 세제지원
state · Chungcheongbuk-do Investment Promotion Division
Who qualifies
Businesses investing over 1 billion KRW in local facilities or hiring 10+ local staff.
What you get
Corporate tax exemption for 3-5 years and property tax reduction.
What it actually costs you
Investment agreement with the provincial government.
Common gotcha
Must maintain the investment level for at least 5 years to avoid clawbacks.
👥 Finding and keeping the right people
Chungbuk Youth Employment Incentive
충북 청년채용 장려금
state · Chungcheongbuk-do Labor Department
Who qualifies
SMEs hiring residents of Chungbuk aged 18-34.
What you get
Monthly subsidy of 1 million KRW per employee for up to 12 months.
What it actually costs you
Employment contract and proof of residence for the employee.
Common gotcha
The employee must be a resident of Chungbuk for at least 6 months prior to hiring.
Chungbuk Employee Housing Subsidy
충북 근로자 주거비 지원
state · Chungcheongbuk-do Housing Division
Who qualifies
Employees of SMEs in Chungbuk who are renting housing.
What you get
Monthly housing allowance of 200,000 KRW for up to 2 years.
What it actually costs you
Lease agreement and employment verification.
Common gotcha
Only applies to employees earning below a specific income threshold.
Chungbuk Industry-Academy Training Grant
충북 산학연계 교육훈련비
state · Chungbuk Human Resources Development Center
Who qualifies
Companies partnering with local vocational colleges for staff training.
What you get
Reimbursement of 80% of training costs for new hires.
What it actually costs you
Training curriculum and invoice from the partner college.
Common gotcha
Training must be aligned with the province's strategic industries (Bio, Battery, Semiconductor).
Chungcheongnam-do충청남도
Chungcheongnam-do offers unique industrial subsidies and R&D support for CEOs looking to leverage the province's proximity to the Pyeongtaek-Dangjin port and emerging tech clusters.
🚀 Scaling my business in Chungnam
Chungnam Small and Medium Business Innovation Fund
충남 중소기업 혁신성장 지원사업
state · Chungcheongnam-do Provincial Government
Who qualifies
SMEs headquartered in Chungnam with a focus on manufacturing or high-tech R&D.
What you get
Up to 50 million KRW in non-repayable grants for technology commercialization.
What it actually costs you
Detailed business plan, 3 years of financial statements, and a site inspection.
Common gotcha
The application window is extremely short, usually opening only once in Q1.
Companies with a product ready for international markets.
What you get
Vouchers worth up to 20 million KRW for overseas marketing, translation, and trade fair participation.
What it actually costs you
Application through the JEA portal; requires proof of export readiness.
Common gotcha
Vouchers are only valid for approved service providers listed on the portal.
🤝 Finding and keeping talent
Jeonbuk Youth Employment Incentive
전북 청년고용 장려금
state · Jeonbuk Employment Center
Who qualifies
Companies hiring residents of Jeonbuk aged 18-39.
What you get
Subsidy of 600,000 KRW per month per employee for up to 2 years.
What it actually costs you
Must provide full-time employment and insurance coverage.
Common gotcha
The subsidy is revoked if the employee leaves within the first 6 months.
Jeonbuk Talent Housing Support
전북 인재 주거지원
state · Jeonbuk Provincial Government
Who qualifies
Employees hired by Jeonbuk-based tech firms who moved from other provinces.
What you get
Monthly housing subsidy of 200,000 KRW for up to 1 year.
What it actually costs you
Proof of residency change and employment contract.
Common gotcha
Only applies to employees earning below a certain salary threshold.
Jeollanam-do전라남도
Jeollanam-do offers unique tax incentives and relocation subsidies for CEOs looking to decentralize their operations away from the Seoul metropolitan area.
🏗️ Scaling my business in the province
Jeollanam-do Corporate Relocation Subsidy
전라남도 기업 이전 보조금
state · Jeollanam-do Provincial Office
Who qualifies
Companies relocating their headquarters or main factory from the Seoul Capital Area to Jeonnam.
What you get
Up to 30% of investment costs and land purchase subsidies.
What it actually costs you
Detailed business plan, 3-year employment commitment, and proof of investment.
Common gotcha
The subsidy is clawed back if you move the business out of the province within 5 years.
Up to 10 million KRW per employee over 3 years as a retention bonus.
What it actually costs you
Monthly payroll records and proof of social insurance enrollment.
Common gotcha
The employee must be a registered resident of Jeollanam-do.
Jeonnam Worker Housing Support
전남 근로자 주거지원
state · Jeollanam-do Housing Authority
Who qualifies
Employees of companies located in industrial complexes in Jeonnam.
What you get
Monthly housing allowance or subsidized dormitory rent.
What it actually costs you
Company-level application to certify employee eligibility.
Common gotcha
Limited to specific industrial zones designated by the province.
Gyeongsangbuk-do경상북도
Gyeongsangbuk-do offers specialized support for CEOs in the manufacturing and cultural tech sectors, focusing on regional industrial revitalization and global export expansion.
🚀 Scaling my business in Gyeongbuk
Gyeongbuk Startup Accelerator Program
경상북도 스타트업 액셀러레이팅 지원사업
state · Gyeongsangbuk-do Provincial Government
Who qualifies
Startups headquartered in Gyeongbuk with less than 7 years of operation.
What you get
Up to 50 million KRW in R&D grants and mentorship from industry experts.
What it actually costs you
Detailed business plan, proof of local office, and 10% matching fund requirement.
Common gotcha
The application window is very short, usually opening only once in Q1.
Small and medium-sized enterprises (SMEs) in Gyeongbuk looking to enter overseas markets.
What you get
Vouchers worth up to 20 million KRW for marketing, translation, and overseas exhibition costs.
What it actually costs you
Must provide export performance records and a 20% co-payment.
Common gotcha
Vouchers are only valid for approved service providers listed in the portal.
Gyeongbuk Smart Factory Conversion Subsidy
경상북도 스마트공장 구축 지원
state · Gyeongsangbuk-do Department of Economy
Who qualifies
Manufacturing SMEs in Gyeongbuk planning to digitize production lines.
What you get
Financial support covering 50% of the cost to install IoT and automation software.
What it actually costs you
Technical audit of current facilities and a commitment to hire at least one new technician.
Common gotcha
The subsidy is paid as a reimbursement after project completion, requiring initial cash flow.
Gyeongbuk CEO Networking and Training Fund
경상북도 CEO 경영역량 강화 지원
state · Gyeongbuk Chamber of Commerce
Who qualifies
CEOs of registered SMEs in the province.
What you get
Access to executive leadership seminars and networking events with regional government officials.
What it actually costs you
Annual membership fee and registration for specific seminars.
Common gotcha
Events are often held in Andong or Pohang; travel time can be significant.
👥 Finding and keeping the right people
Gyeongbuk Youth Employment Retention Grant
경상북도 청년 근로자 정착 지원금
state · Gyeongsangbuk-do Labor Bureau
Who qualifies
Companies hiring employees aged 18-39 who are residents of Gyeongbuk.
What you get
Monthly subsidy of 300,000 KRW per employee for up to 2 years to supplement wages.
What it actually costs you
Must prove full-time employment status and local residency of the hire.
Common gotcha
If the employee quits, the subsidy stops immediately and must be reported.
Gyeongbuk Foreign Talent Integration Program
경상북도 외국인 인력 정착 지원
state · Gyeongbuk Immigration Support Center
Who qualifies
Companies employing foreign nationals on E-7 or E-9 visas in Gyeongbuk.
What you get
Language training support and cultural integration workshops for employees.
What it actually costs you
Application form and proof of valid visa status for employees.
Common gotcha
Does not cover visa processing fees, only integration training.
Gyeongsangnam-do경상남도
Gyeongsangnam-do is the industrial heartland of Korea, offering specific tax incentives and R&D support for CEOs managing manufacturing and tech-heavy enterprises.
📈 Growing my business in Gyeongnam
Gyeongnam Technopark R&D Support
경남테크노파크 기술개발 지원사업
state · Gyeongnam Technopark
Who qualifies
Small and medium-sized enterprises (SMEs) headquartered in Gyeongsangnam-do.
What you get
Grants covering up to 70% of R&D project costs, capped at 100 million KRW.
What it actually costs you
Detailed business plan, proof of local office, 3-month application cycle.
Common gotcha
The funding is strictly for R&D; you cannot use it for general operational expenses or marketing.
High competition; focus is heavily on tech-driven manufacturing.
🤝 Supporting my employees in the region
Gyeongnam Youth Employment Incentive
경남 청년채용 장려금
state · Gyeongsangnam-do Labor Bureau
Who qualifies
Companies hiring residents of Gyeongnam aged 18-34.
What you get
Monthly subsidy of 1 million KRW per employee for up to 12 months.
What it actually costs you
Must maintain employment for at least 6 months, quarterly reporting.
Common gotcha
The employee must be a registered resident of Gyeongnam for at least 6 months prior to hiring.
Gyeongnam Industrial Complex Commuter Bus Subsidy
경남 산업단지 통근버스 지원
state · Gyeongsangnam-do Industrial Complex Management Corp
Who qualifies
Companies located in designated provincial industrial complexes.
What you get
Shared shuttle bus service for employees, fully subsidized by the province.
What it actually costs you
Registration of employee list, coordination with bus operator.
Common gotcha
Only available for specific industrial zones; check if your facility is in the zone.
Jeju-do제주특별자치도
As a CEO operating in Jeju, you navigate unique local tax incentives for green technology and specific island-based business support schemes that differ significantly from mainland Korea.
📈 Scaling my business in Jeju
Jeju Investment Promotion Zone Tax Benefit
제주투자진흥지구 세제지원
state · Jeju Special Self-Governing Province
Who qualifies
Companies investing over 5 billion KRW in tourism, culture, or green tech sectors within designated zones.
What you get
Exemption from corporate and income tax for 3 years, followed by 50% reduction for 2 years.
What it actually costs you
Requires a formal investment plan submission and approval from the Jeju Investment Promotion Committee.
Common gotcha
The investment must be maintained for at least 10 years or benefits are clawed back.
Companies implementing renewable energy or EV-related infrastructure in Jeju.
What you get
Subsidies covering up to 30% of equipment installation costs.
What it actually costs you
Technical feasibility study and environmental impact assessment.
Common gotcha
Must align with the 'Carbon Free Island 2030' master plan.
👥 Finding and keeping local talent
Jeju Youth Employment Incentive
제주청년채용장려금
state · Jeju Provincial Government
Who qualifies
Jeju-based SMEs hiring local residents aged 18-39.
What you get
Monthly subsidy of 800,000 KRW per employee for up to 12 months.
What it actually costs you
Proof of employment contract and 4-major insurance enrollment.
Common gotcha
Employee must remain employed for at least 6 months to qualify for the first payout.
Jeju Talent Retention Support
제주인재유지지원
state · Jeju Economic and Trade Promotion Agency
Who qualifies
Employees of Jeju SMEs who have worked for more than 2 years.
What you get
Annual cash bonus of 1 million KRW paid directly to the employee.
What it actually costs you
Company must submit payroll records and employee consent forms.
Common gotcha
The company must be registered as a 'Jeju-certified SME'.
Sejong세종특별자치시
As a planned administrative city, Sejong offers unique incentives for business headquarters and high-tech startups looking to leverage the city's smart-city infrastructure.
🚀 Scaling my business in Sejong
Sejong Startup Support Program
세종 창업지원사업
state · Sejong Techno Park
Who qualifies
Startups registered in Sejong within 7 years of incorporation.
What you get
Up to 50 million KRW in R&D funding and office space subsidies.
What it actually costs you
Business plan submission and 3-stage evaluation process.
Common gotcha
Funding is strictly for R&D; cannot be used for general operating expenses.
