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Technical update:

Cash Grant One Stop Service

01 July 2020

Min Jae Lee, Partner |

Effective from January 1, 2019, most tax incentives concerning corporate income tax and personal income tax for foreign investors nullified. To compensate this change, Korean government announced to dramatically increase cash grant in accordance with Foreign Investment Promotion Act. Cash grant should be provided by the central and local governments of Korea as matching fund basis.

For the corporates eligible for cash grant application, BDO Korea design the optimal investment plan to best fit the investor’s requirements such as customs duty and local tax related incentives, cash grant or location support, as well as providing the comprehensive consulting and support throughout the whole period.
Please find more details in the attached document below and feel free to contact us at [email protected] for further assistance.
** On June 30, 2020, BDO Korea held the webinar <Cash Grant - Show me the money!> partnered with KGCCI, designed for a business development managers, finance managers, CFOs and even CEO. 
If you missed it, please click here to view the webinar.