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Complex guidance

A. Tax system and financial support

  • Promotion of reduction of national taxes such as corporate taxes, income taxes, and so on
    • Reduction of 50% for 2 years after exemption for the first 3 years
  • Promotion of reduction of local taxes such as acquisition taxes, registration taxes, property taxes, etc.
    • Reduction of 50% for 3 years after exemption for 10 years
  • Support for site procurement costs (Osong: 25% of composition costs)
  • Support of 500 thousand won per person of employment and education/training subsidies for 6 months
  • Support of financial funds (subsidies) within the budget scope for research institutions moving to the capital area or other cities or provinces

B. Support of research activities

  • Support for site technical guidance, joint technical development, etc. through the establishment of a connective system between industry, schools and institutions
  • Prompt provision of information through the establishment of a network with the institutions concerned for research and development support
  • Composition and operation of a consultation committee for technical support and consultation for tenant institutions
  • Support of research activities such as offering support for financial funds, provision of information on overseas technology, and so on
  • Securing of technical manpower, and support of workers’ welfare, management and technical development
  • Agency and site dispatch for license and permission for establishment of a R&D institution

C. Composition of a R&D environment

  • Simplification of license and permission procedures to encourage research and development, attract excellent clinical doctors, and save R&D duration and costs
  • Support of R&D funds
    • Support of R&D funds such as economic special province funds, bio-topia funds, etc.
    • Support for the execution of R&D by research institutions and enterprises for the development of the local medical industry
  • Provision of a pleasant resting area for tenant workers and neighboring residents by establishing a park, buffer green zone, etc. with bio as a theme(project cost: 20 billion won)
  • Promotion of the introduction of a post-success paid loan system (Ministry of Knowledge Economy)
  • Establishment of a system of mutual cooperation, connection and collaboration
    • Establishment of a promotion plan to encourage technical exchanges, and composition and operation of a consultative group to stimulate joint research projects
    • Holding of technical sharing and mutual exchange promotion events between various technical platforms
    • Promotion to conclude MOUs with overseas advanced clusters
    • Support for the establishment and commercialization of a technology commercialization professional company, a private company, to support the commercialization of cutting-edge medical technology of international standards
  • Utilization and dissemination of the complex’s operational achievements
    • Global publicity of the complex’s brand through participation in domestic and overseas conferences such as Bio-Korea, Bio-USA, etc., road shows, health medical industry exhibitions, etc.
    • Holding of a bio medical festival, and joint participation in international bio events