Governors of Chungnam Province>Introduction>CHUNGCHEONGNAM-DO

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Support and Incentives

2025 Chungcheongnam-do Foreign Direct Investment Incentives

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2025 Chungcheongnam-do Foreign Direct Investment Incentives
		Complex Type (Foreign Investment Promotion Act 18-1-1)	Individual Type (Foreign Investment Promotion Act 18-1-2)
Legal Basis		Foreign Investment Promotion Act / Act on Restriction on Special Cases concerning Taxation
Designation Purpose		Attracting foreign capital, transferring advanced technology, and creating jobs
Designation Location		In an industrial complex	Unconditional
Occupancy Type		Only for Lease/Rent	Lease/Rent Can be designated on company-owned site
Designation Authority		A head of local governments (A deliberation by the Foreign Investment Committee is required)
Eligibility for Occupancy / Designation Requirements		Required Share Rate of Foreign Capital : 30%↑ Manufacturing, Logistics, etc. Investment should arrive within 5 years from the contract Standard Area Ratio of a factory of the Relevant Category of Manufacturing Businesses (12% or higher)	Registered as Foreign Invested Company & FDI Requirements Manufacturing : 30M$↑ Tourism : 20M$↑ Logistics : 10M$↑ R&D : 2M$↑ (3 Years↑, Master’s Degree 10) Double of FDI is required for rented Individual Foreign Investment Zone
Local Tax Reduction and Exemption	Eligible Business	Manufacturing : 10M$↑ Logistics : 5M$↑	Same as Co ngitions above
	Benefits	Maximum 15 Years - Acquisition Tax : 100% - Property Tax : 100% (Benefit Rate might vary by the local ordinance) Should file an application for tax reduction and exemption with the Minister of Stategy and Finance
	Benefits	15 Years / 100% from investment initiation : Asan, Seosan, Dangjin 10 Years / 100% + 5 Years / 50% from investment initiation : Cheonan, Gongju, Boryeong, Nonsan, Gyeryong, Geumsan, Buyeo, Seocheon, Cheongyang, Yesan, Taean, Hongseong
National Tax Reduction and Exemption	Tariff	5 Years Reduction and Exemption for Capital Goods
National Tax Reduction and Exemption	Corporate Income Tax	Abolished since 2019 Act on Restriction on Special Cases concerning Taxation 121-2-2
Rents		10/1,000 or more of the Property Acquisition Amount (Enforcement Decree 19-4)	Determined after a deliberation by the Foreign Investment Committee
Rents Reduction and Exemption		New Growth Engine Technology Industry & 1M$↑ : 100% Manufacturing 2.5M$ & Full Time Employee 200↑ : 100% Manufacturing 2.5M$ & Full Time Employee 150↑ : 90% Manufacturing 2.5M$ & Full Time Employee 70↑ : 75% Manufacturing 5M$↑ : 75% Benefit Rate might vary by the local ordinance
Cash Grant (FDI Share Rate 30%↑ Required)		Maximum 50% of Total FDI Amount Budget Sharing Ratio Commonly : Central Government 60%, Regional Government 20%, Municipality 20% (Pioneering Industry : R&D) : Central Government Expenditure 70% (National Strategic Technology : Advanced Strategic Technology) : Central Government Expenditure 80%
Infrastructure Support		Infrastructure Supported for Industrial Complex (e.g., Industrial water and sewage, Gas)

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Support and Incentives