Invest in the Future of Jeju Part 02. Investment Attractiveness of Jeju Special Self-governing Province 20 21 JDC Project Guide & Investment Proposal 3. Corporate Relocation Incentives Applicable Subjects Relocation of Companies in Metropolitan Area, & New/Expanding Companies Relocation of Companies Outside the Metropolitan Area Investment in Cultural Industries / Information & Communication Industries Other Supports Support for Investment Companies in accordance with Jeju Special Self-Governing Province Investment Promotion Ordinance Legal Basis : Jeju Special Self-Governing Province Investment Promotion Ordinance Relocation of Companies in Metropolitan Area, & New/Expanding Companies Employment Subsidy Education & Training Subsidy Brokerage Fee KRW 500,000 per month per person in the case of exceeding 5 local employments (in 12 months, limited to KRW 100M) ※ No overlapping support with Local Investment Promotion Subsidy KRW 500,000 per month per person in the case of exceeding 10 local employments (in 6 months, limited to KRW 100M) Within 50% of the brokerage fee in the case of selling, purchasing, or leasing land, etc. Special Support for Relocation of Companies in Metropolitan Area 3% additional support for facility subsidy for companies in new growth engine industries Facility Subsidy Within 30% of the facility cost (limited to KRW 200M) in the case of installation of new and renewable energy facilities used for self-sufficiency on the site of HQ, factories, or research institutes New & Renewable Energy Facility Cost Additional support within 20% of both settlement and facility subsidies for companies with record of more than USD 1M export in year prior to application. Export Companies Within 50% of the logistics cost for 2 years (limited to KRW 200M) in the case of transporting goods outside of Jeju for the purpose of shipping finished products produced in the province and transporting materials Logistics Cost Support for constructing or leasing accommodation for employees of relocating companies with 50 or more full-time employees (limited to KRW 200M) Employee Housing Expenses Special Support for Companies Outside the Metropolitan Area Additional support within the 20% each of settlement and facility subsidies for companies with more than USD 1M in export in the previous year of the year of subsidy application Export Companies Within 50% of the logistics cost for 2 years (limited to KRW 200M) in the case of transporting goods outside of Jeju for the purpose of shipping finished products produced in the province and transporting materials Logistics Cost Within 30% of the facility cost (limited to KRW 200M) in the case of installation of new and renewable energy facilities used for selfsufficiency on the site of HQ, factories, or research institutes New & Renewable Energy Facility Cost Support for constructing or leasing accommodation for employees of relocating companies with 50 or more full-time employees (limited to KRW 200M) Employee Housing Expenses Companies Outside the Metropolitan Area Type Companies Outside the Metropolitan Area Requirements Companies with 1 year or more of business performance and 20 or more full-time employees outside the metropolitan area (100% of provincial expense) ※ However, in the case of businesses operated by investment business sites being regional specialized industries, knowledge service industries, or new growth engine industries; companies with 10 or more full-time employees Settlement Subsidy Within 25% of the land purchase price Facility Investment Subsidy Within 10% of the facility investment Employment Subsidy KRW 500,000 per month per person in the case of exceeding 10 local employments (in 12 months, limited to KRW 100M) Education & Training Subsidy KRW 500,000 per month per person in the case of exceeding 10 local employments (in 6 months, limited to KRW 100M) Brokerage Fee Within 50% of the brokerage fee in the case of selling, purchasing, or leasing land, etc. Investment in Cultural Industries / Information & Communication Industries Type Companies Outside the Metropolitan Area Requirements Cases where a company operating in cultural industries and information or technology industries leases (or purchases) a building and employs locals, etc. as full-time Building Lease Fee Within 50% for 3 years in the case of exceeding 5 local employments (limited to KRW 500M) Facility Equipment Purchase Cost 30% of the initial purchase cost in the case of exceeding 5 local employments (limited to KRW 300M) 40% of the initial purchase cost in the case of exceeding 5 local employments (limited to KRW 400M) 50% of the initial purchase cost in the case of exceeding 5 local employments (limited to KRW 500M) Employment Subsidy KRW 1M of Employment Subsidy per month per person in the case of exceeding 10 local employments (in 6 months, limited to KRW 300M) Education & Training Subsidy KRW 1M of Education & Training Subsidy per month per person in the case of exceeding 20 local employments (in 6 months, limited to KRW 300M)
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