MENU

LATEST NEWS > Plan of Subsidy Support f


HOME > PR CENTER > LATEST NEWS > Plan of Subsidy Support f
LATEST NEWS

Plan of Subsidy Support for Foreign-Invested Enterprises in 2017

LATEST NEWS 목록

페이지 정보

Writer 최고관리자 Day17-06-24 12:40 View636

본문

Plan of Subsidy Support for Foreign-Invested Enterprises in 2017

 9882173eb2a5ff250ce22d29e7d309b6_1501740271_5159.jpg 

In accordance with Article 14 of the Foreign Investment Promotion Act (FIPA), Article 20 of the FIPA Enforcement Decree, Article 15 and 16 of the Seoul Metropolitan Government (SMG) Ordinance on Support for Foreign Investment, we hereby offer notification of the plan, outlined below, to provide subsidies for employment, education, and training for foreign invested enterprises in Seoul Metropolitan City in 2017. Eligible companies are kindly requested to submit an application for subsidy in accordance with the following.

August 3, 2017
Mayor of Seoul Metropolitan City-

Eligibility period: 1.1.2016 ~ 12.31.2016
Eligibility and Requirements
○ Eligibility: Foreign investment projects attracted by the SMG or foreign-invested enterprises that invest in new growth industries designated by the SMG

※ Eight new growth industries : IT convergence, digital content, green industry, business services, fashion & design, finance, tourism and conventions, biomedical

 

○ Requirements to receive support

– New recruitment and training should take place within five years of the date of foreign-invested enterprise registration or within five years of the date of an increase in investment.

– Companies whose total number of regular employees increased by more than 10 from the previous year (2016) through new recruitment in 2017 (or, companies whose total number of regular employees is more than 10 for those newly founded in 2017) ※ Applies only to Korean nationals employed as of the date of application

◆ Regular employee:

A person who provides labor to a company for the purpose of a wage and who meets one of the following (except for non-regular workers, as specified in Article 2, Paragraph 1 of「Act on the Protection, etc. of Fixed-term and Part-time Workers」, who have signed labor contracts of less than 1 year, or short-term laborers as specified in Article 2, Paragraph 1, Clause 8 of「Labor Standards Act」)

●  Average number of persons earning wages from the most recent one year stated on the income tax withholding report, which was submitted to the local tax office in accordance with Article 185, Paragraph 1 of 「Enforcement Decree of the Income Tax Act」

●  Average number of persons from the most recent one year with certified records of employer contribution and employee contribution in accordance with Article 3, Paragraph 1, Clause 11 and 12 of「National Pension Act」 (excluding individually insured persons in accordance with Article 9 of the same act)

●  Average number of persons from the most recent one year with certified records of insurance contributions in accordance with Article 69 of「National Health Insurance Act」 (excluding individually insured persons in accordance with Article 6 of the same act)

●  As of the application date, a corporation with a foreign investment ratio of over 30 percent

※ Excluding shares (stocks) of foreign companies held by Korean nationals and corporations

●  Companies that completed education and training at qualified job training institutions, as per the Vocational Education and Training Promotion Act, for new employees hired in 2016

 

Subsidy amount

○ Up to KRW 400 million per company (Maximum KRW 200 million for employment subsidy + Maximum KRW 200 million for education and training subsidy)

●  For each employee exceeding 10 newly hired employees: up to KRW 1 million per employee for up to six months

○ Total subsidy budget: KRW 172 million

※ Even if the number of applicants exceeds the budget amount, the provided support must remain within the budgetary limit.

 

Application

○ Period: August 3 – August 31, 2017

○ Method: In person or via regular mail or email (valid if postmarked by deadline)

○ Submitting location: Investment Promotion Division, Economic Planning Headquarters, Seoul Metropolitan Government

– Telephone: 02-2133-5356 (manager in charge of subsidy)

– E-mail : jkcouple@seoul.go.kr

– Address: Investment Promotion Division, 7th floor, 21 Mugyo-ro, Jung-gu, Seoul (Mugyo-dong, The Exchanges Seoul Building)

 

○ Documents to be submitted

●  A copy of application for subsidy (Appendix Attached Form No. 2)

●  A copy of regular employment status report (Appendix Attached Form No. 3)

●  A certified copy of company registry

●  A printed copy of certificate of foreign-invested enterprise registration

●  A copy of employment insurance certificate (printout from ei.go.kr on the date of application)

●  A copy of business employment information status (submitted in 2 types: employment status and retired employees) (Printout for each employment condition type (employed/employment terminated) from Business Establishment > Browse Information > Browse Employment Information Status (20103) from kcomwel.or.kr on the date of application

●  A copy of proof of 4 public insurance subscriptions and a list of businesses subscribed to 4 public insurances (printout from 4insure.or.kr on the date of application)

●  A printed copy of income tax withholding report (Jan. – Dec 2015, Jan. – Dec 2016)

●  A printed copy of list of employees (Jan. – Dec. 2015, Jan. – Dec. 2016) 

※ Date of start of employment, gender, name and citizenship status (Korean/foreigner) need to be specified

●  A printed copy of foreign investment declaration (within the last five years) and proof of deposit of funds

●  A printed copy of foreign investment declaration (within the last five years) and proof of deposit of funds

●  A copy of financial statements of foreign-invested enterprise

●  Company introductory letter (including results of investments from foreigners in the past 5 years and future investment plans (up to 2019)

●  A copy of proof of building usage right (rental agreement, etc.)

●  A copy of proof of training details and payment for education and training subsidy

●  Personal details of the applicant

‧ Foreigners: Certificate of domestic residence, phone number (mobile, etc.), alien registration number

‧ Domestic nationals: Resident registration registry (abstract), phone number (mobile, etc.) 

※ Additional documents may be requested if necessary.

 

Fulfillment of conditions

○ A separate account to receive and spend the subsidy should be set up, and be used only for personnel expenses (employee salary, bonus, welfare expenses, etc.).

○ For the first three years including the year in which a subsidy is applied for, a company receiving the subsidy shall maintain the number of regular employees and more than 30% of foreign investments as the previous year of subsidy application (2016)

※ In the case one of the following occurs, the entirety or portion of a subsidy that has been decided to be issued may be cancelled and, according to this cancellation, the subsidy is to be rescinded

●  If the above mentioned conditions for subsidy support are violated

●  If a subsidy is received through a false registration or other illegal means

– Relocation of business place to other cities or provinces

Others

○ For further inquiries, please contact an officer with the Investment Promotion Division of the SMG. (☏02-2133-5356, jkcouple@seoul.go.kr)

 

※ Attachment:

  1. A copy of standard classification of new growth industries
  2. A copy subsidy support application
  3. A copy of regular employment status report

Subsidy Support_Attachment

  • 페이스북으로 보내기
  • 트위터로 보내기
  • 구글플러스로 보내기

댓글목록

등록된 댓글이 없습니다.