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Writer Invest Seoul Day18-08-01 09:37 View144

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Announcement of Awarding of Citations on 2018 Seoul Foreign Business Day



The Seoul Metropolitan Government (SMG) highlights foreign-invested companies that have contributed to Seoul’s economy through FDIs, or that have made exemplary social contributions. In this process, we request your recommendations of companies deserving of this citation.

 

July 10, 2018

Mayor of Seoul


1. Areas of citation: Investment promotion, Job creation and Corporate social responsibility (CSR)

2. Number of winners: Up to 3 companies in each area

3. Prize type: Plaque

4. Candidates for recommendation

A. Qualifications for each area: Foreign-invested Company, Foreign Chambers of Commerce in Seoul, KOTRA, Law Firm, Accounting Firm, Association and related-organizations  

  (Investment) : Companies who have made significant contributions to Seoul’s economic and social development by implementing foreign direct investment

 Foreign-invested company(Group) : Companies who have contributed to Seoul’s economic development by investing USD 1 million or more in the city from July 01 2016 to June 30, 2018.
* Applicable investments: Investments are calculated on the basis of their delivery (or payment) dates and should be verified on the INSC as recorded by KOTRA and foreign exchange bank presidents (heads of entrusted institutions).

   Related organization (Group-Individual) : Companies or individuals who have contributed to Seoul’s Foreign Direct Investment, directly or indirectly. 

- FDI contribution: Search for potential investors, Support for connecting investors to SMG, Support for Investor relations events

  - FDI Support: Improvement of Investment environment and deregulation; Provision of consulting services for investors, handling of companies' grievances and participating in Seoul Investment promotion seminars

  (Job Creation) Companies or individuals who contributed to the creation of jobs in the city of Seoul from July 01 2016 to June 30, 2018

▶  (Corporate Social Responsibility) Companies or individuals who contributed to improving quality of life and reducing social inequality through the provision of education opportunities and assistance to economically or socially marginalized groups.  

* Contribution Recognition Period: July 01, 2016 to June 30, 2018

B. The following companies or individuals are disqualified from receiving citations:

▶  Companies or individuals who have already received a citation from the mayor for the same achievement

▶  Companies or individuals who have received a citation from the mayor, a minister, or a higher-level official within the past two years before being recommended for this event.

Not applicable to prizes in competitions, etc.

▶  Companies or individuals who are under criminal investigation, or who have been subjected to criminal dispositions, etc. (To be checked at the time of fact-finding)

- Companies or individuals who are under criminal investigation, or have been indicted and for which the criminal trial is currently in progress

- Companies or individuals who have been sentenced to less than 3 years of imprisonment, with or without labor, and for whom 4 years have not passed since receiving the sentence

Companies or individuals who have been sentenced, with execution of the sentence being suspended, to less than 3 years of imprisonment with or without labor and for whom 2 years have not passed since receiving the sentence, or who have been sentenced, with the issuance of the sentence being suspended, to less than 1 year of imprisonment with or without labor and for whom the suspension period has not passed

Companies or individuals on which a fine has been imposed twice or more or in an amount of 2 million Won or more, for a period of 3 years

▶  Companies or individuals excluded as a result of violation of related laws

- Workplaces whose names are disclosed in connection with industrial accidents, etc. under the Industrial Safety & Health Act, and their executives, etc.

- Corporations which have violated fair trade or antitrust laws, and their executives, etc.

- Wage-defaulting business owners whose names are disclosed or whose data have been provided to the Korea Credit Information Services, in connection with wage defaults, in the past 3 years

- Companies or individuals whose names are disclosed by reason of large-amount or habitual or repeated arrears (defaults), etc.

▶  Companies or individuals who otherwise have moral defects or have caused controversies related to socially-condemned acts, etc., and thus are deemed unfit for citations

 

5. Recommendation method

A. Recommenders: Heads of SMG project divisions, heads of related agencies, and other organizations or individuals

- When a candidate is recommended by individuals, a joint signature by at least 10 people aged 19 or older is needed.

B. Documentation to be submitted (should be submitted in Korean)

 

Documentation

Form

Note

Recommendation

Attachment 1

 

Contribution report

Attachment 2

 

Contribution summary

Attachment 3

 

Consent

Attachment 4

The candidate’s seal or signature is required

Consent to the release of information

Attachment 5

 

Introduction of candidate

Attachment 6, 7

 

Copy of proof of the candidate’s contributions in the application area

- Applicable investments: Investments are calculated on the basis of their delivery (or payment) dates and should be verified on the INSC as recorded by KOTRA and foreign exchange bank presidents (heads of entrusted institutions).

- Job creation achievements shall only be recognized when a document which can prove the fact of employment (select one among documentary evidences for employment insurance, national health insurance, national pension, and worker’s compensation insurance) is submitted.

- For achievements in other areas, please submit materials which can demonstrate the facts of the achievements (e.g., press release, photos)

 

 

Copy of each of the candidate’s foreign-invested company registration certificates

 

Issued by KOTRA / trust bank

Copy of business registration certificate

 

Issued by the National Tax Service

A copy of proof of partnership with Korean companies in production, technical cooperation (or transfer), joint advancement into overseas markets, certificate of best examples in women’s employment (or balanced employment issued by the Ministry of Employment & Labor), or proof of more than 30% of employment rate for the disabled, proof of participation in SMG’s past investment promotion activities

 

Not mandatory, submit if applicable

 

6. Recommendation submission period and method

A. Submission Period: July 16, 2018 to September 30, 2018

B. Method: Submit to the Investment Promotion Division.

▶  Send via email (soylee@seoul.go.kr), or deliver in person or through postal mail.

C. Where to submit: Investment Promotion Division, SMG

▶  Address: 7F, The Exchange Seoul Building, 21, Mugyo-ro, Jung-gu, Seoul, 40520 

 

7. Screening and selection of the candidates

A. The contributions of the candidates will be screened through an internal review by the division and by SMG’s contribution assessment council

- Recommenders may be requested additional information or fact confirmation on their recommendation, if necessary.

B. Evaluation Standard

Awards Area

Candidates

Evaluation Standard

Investment

· Foreign-invested company

- Must have made a contribution to Seoul’s economic development by investing USD 1 million or more in the city during the last two years

· Related organization
(group
-individual)

- Must have made a contribution to Seoul’s Foreign Direct Investment, directly or indirectly.

Job creation

· Foreign-invested company

- Must have made a contribution to Seoul’s Foreign Direct Investment, directly or indirectly.

Corporate Social
Responsibility

   · Foreign-invested company

   · Related organization 
  (group-individual)

- Must have made a contribution to improving quality of life and relieving social inequality through the provision of education opportunities and assistance to economically or socially marginalized groups.


8. Announcement of the winners: Winners will be individually notified (scheduled at early of November).

9. Award date: November 13, 2018 (subject to change)

10. Further information

A. For the contribution report (documentary evidence) to be attached, record contributions made to the city of Seoul within the past five years briefly in the form of a list on A4 paper.

B. All documentary evidence must be submitted in the form of original copies unless otherwise specified. If you submit a duplicate, you should show its original at the reception desk for confirmation.

C. Submitted documents and materials will not be returned. For further information, please contact the SMG Investment Promotion Division (Manager Soyoung Lee Tel: 82-2-2133-5340). 

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