Korea, Republic of

Korea, Republic of

Allocated $151 million for cash support to attract FDI

05 Mar 2024

On 5 March 2024, the Government of the Republic of Korea allocated a budget of approximately $151 million for cash support to expand the attraction of investments in key companies within advanced industries. This amount is four times greater than the budget allocated for 2023.

Moreover, a new research and development (R&D) programme exclusively for foreign-invested enterprises will be established to further stimulate domestic R&D investment by global companies.