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Subsidies for Foreign-Invested Enterprises 1. Areas Supported Foreign-invested enterprises (FIE) contributing to community and national growth with business involving a new industrial technology driving economic growth (high-tech), parts industry, large-scale job creation or R&D facility 2. Requirement Foreign investment rate of 30% or over or a foreign largest shareholder 3. Subsidies Within 50% of foreign direct investment (FDI) 1) Subsidies Description LocationWithin 50% of the sales price 2) EmploymentIn the case that an FIE newly hires 20 or more residents who have lived in the province for at least 6 months within 5 years from its FIE registration, KRW 1 mil. for every such employee exceeding 20. 3) TrainingWithin KRW 1 mil. per person (6 months), in the case of employing and training 20 or more locals 4) Facility· Construction cost, equipment purchase, infrastructure installation, etc. · Within 50% of the total cost necessary for new or additional construction 4. Time of payment When an FDI is confirmed, such as sealed move-in or sales contracts provided that, the subsidies for employment and training are paid. 5. Payment method Payment in lump sum or by installment within 5 years depending on the budget situation Supports for FIE taxes & others 1) Tax reduction - National: 5-year tariff exemption -Local: 15-year acquisition tax exemption, 10-year property tax exemption and 50% reduction for 5 years thereafter 2) Site rent reductionRent reduction in the case of government-owned land 3) InfrastructureGeneral supports of industrial-complex facilities such as water and sewage
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The central function Logistics, Quality and Work Safety (ZFLO) includes the areas of logistics, process management, quality and work safety. It supports the companies in implementing their investment projects and optimising warehouse and transport processes. The experienced staff develop investment projects together with the regional companies and assist with optimisation projects. In cooperation with the companies, the applicable occupational safety standards and quality requirements are continually reviewed and adjusted as needed. The certified quality management system of the Debrunner Koenig Group is sustainably designed and continuously improved by ZFLO as well as being regularly inspected in cooperation with external authorities.
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Engineering and pharmaceuticals for innovative solutions No industry is as close to people as companies in the field of pharmaceuticals and life science. FERCHAU’s sustainable innovations are the most efficient way to prepare for demographic change, chronic disease or pandemic crises in an intelligent way. Excellent engineering, agility and experience are key competencies for digitalisation with which we tackle the challenges of pharmaceutical and life science companies. After all, health is the greatest commodity. Bright minds at FERCHAU, the development service provider for engineering, pharmaceuticals and IT, create future-oriented solutions for every area of the pharmaceutical industry. They master all aspects of research and development, laboratory work, qualification and validation, as well as quality management, statistics and approval. Our ambitious experts and future-oriented engineering teams rapidly implement megatrends such as digital healthcare and personalised medicine in projects – from an initial idea to market launch. Why agile? New medicine and treatments need to come onto the market faster than ever these days. Smart AI solutions and medical IoT systems – planned and developed by FERCHAU – are the best solutions to this.
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