♦ The cash grant system provides cash support to foreign investors who meet specific
requirements, and its objective is to attract foreign investment, which contributes to the
progress of the national economy.
• Construction costs for factories or research facilities;
• Costs for the purchase of capital goods and research material to be used for business or research activities in factories or research facilities;
• Costs for the establishment of basic infrastructure (electricity and communication facilities) needed for new factories or research facilities;
• Financial assistance for employment and educational training.
requirements, and its objective is to attract foreign investment, which contributes to the
progress of the national economy.
♦ The cash grants are given for the installation of new or additional facilities as well as the
following businesses:
• Industrial-supporting services and high-technology business (more than US$10 mil. pursuant to Art.121 of the Special Tax Treatment Control Act);
• Parts and material business (more than US$10 mil.);
· Included are the items which are selected by the Minister of MOCIE from the parts and material list;
• R&D facilities of industry-supporting service and high-technology businesses with foreign investment of more than US$5 mil. and more than 20 permanent employees who possess at least a Master’s degree and more than three years research experience.
♦ The cash grants may be used for the following purposes:
• Purchase or rental of land needed for the establishment of factory or research facilities;• Construction costs for factories or research facilities;
• Costs for the purchase of capital goods and research material to be used for business or research activities in factories or research facilities;
• Costs for the establishment of basic infrastructure (electricity and communication facilities) needed for new factories or research facilities;
• Financial assistance for employment and educational training.
