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Business Support Information
Operation of business guardian system
Details
A public servant becomes a guardian of a company and promotes city policies by directly visiting the company or through phone consulting and solves difficulties of the company by receiving difficulties and proposals
Operation of Business Support CALL System
Solves difficulties by visiting at any time when the business requires
Job Processing System
Vitalizing business environments for favoring companies
Awarding excellent entrepreneurs and exemplary workers
Business Man of the Year · Grand Prize on Workers and selection of Excellent Entrepreneurs · Exemplary Workers per quarter
nvitation of business men on promotions hosted by the city and support
Company awarded with Excellent Entrepreneurship
Additional 1% interest on Funds for Developing Small and Medium sized Businesses
Opening Business Loving Civil Cultural Festival
Dates and Places
Around Oct, Yangsan Sports Complex
Hosted by
angsan City, Yangsan Chamber of Commerce, Yangsan Federation of Commerce and Industry
Promotions
- Product exhibitions
- Festival for businesses · workers
- Song contests
- Awarding Business Man of the Year, Grand Prize on Workers
- Accompanying festivals : Experiencing by residents, Energy promotion hall, local specialty market
Preparation of large-sized industrial sites
| Project Name | Location | Period | Size | Contractor |
|---|---|---|---|---|
| Preparation of Yongdang Local Industrial Complex | Yongdang Dongilwon | 436,000㎡ | Yangsan | |
| Preparation of Sanmak Local Industrial Complex | Near San 91 Sanmak-dong | 991,510㎡ | Yangsan | |
| Preparation of Gasan Advanced Industrial Complex | Near Gasan-ri, Dong-myeon | 590㎢ | Yangsan | |
| Preparation of industrial sites near Gyori | San 13 Gyo-dong | 99,096㎡ | KE Construction | |
| Urban development in Bukjung Region | San 3-3 Bukjung-dong | 472,900㎡ | Association | |
| Urban development in Eogok Region | Near San 200 Eogok-dong | 225,840㎡ | Association | |
| Other industrial complexes | Near Sangbuk, Woongsang | 11,000,000㎡ | Yangsan |
Yangsan Fund for Developing Small to Medium Businesses
Loan Period
- Management Stability Fund, Facility Funds : Annually Twice (Jan, Jul)
- Special Management Stability Fund : Whenever necessary according to economic conditions
Target
Factory registered small to medium businesses whose business locations and head offices are in Yangsan
Loan Limit : Within 200 Million Won per business
Size of funds : 35 Billion Won
- Management Stability Fund : 20 Billion Won (10 Billion Won pr half-year)
- Facility Fund: 5 Billion Won
- Special Management Stability Fund: 10 Billion Won
Redemption Period : 3 Years (2 years deferment and 4 equal redemption per year)
Interest rate differences : 2.5% (3.5% for excellent entrepreneurs)
Local business employment subsidy
Qualification
Company operating for more than 3 years within non-metropolitan areas as at the day of application
Types of business
Manufacturing and manufacturing support service
Conditions
Create new jobs through new investments (after completion)
Minimum investment amounts according to the size of businesses
| Classification | Minimum New Investments | Minimum number of employments |
|---|---|---|
| Small Business (1~49) | More than 50 Million Won | More than 1 |
| Medium Business (50~299) | More than 300 Million Won | More than 1 |
| Large Business (more than 500) | More than 2 Billion Won | Over 30 |
Subsid
Within 600,000 Won per applicant, subsidize within 12 months (Maximum 100 recruits)
Application Period and Location
- pplication Period : By 10th of each month (visit or submit registered mail)
- Application Location : Person in charge of business support, Economy Business Department, Yangsan City Hall (Tel. 055-392-2321~5)
Application Documents
- 1 copy of Application for Local Business Employment Subsidy
- Statements of new investment and employment, memorandum of due performance, application for inquiring double receipt of subsidy
- Business Registration, Report on status on income withholding tax (3 months prior to the application and 3 months prior to the investment)
- Labor contract and monthly wage ledger (from the month when new employees joined)
- Invoices, Building Permits (proving new investments)
- 1 copy of bank book under corporate name or the president
Supporting International Quality Standard Certification
- Application Period : Jan ~ Feb
- Target : Factory registered small to medium businesses located in Yangsan
- Selection of businesses : Selection by evaluation standards
- Supported areas : ISO9001, ISO14001, ISO2200, TS16949
- Subsidy amount : 4,000,000 ~ 6,000,000 Won per business
Support marketing activities for developing international markets
Develop markets and increase export competitiveness by researching markets and contacting buyers in advance and open export consultations with local buyers to provide opportunities for international sales to those businesses lacking the ability to develop international market by themselves
- Companies : Within 10 companies
- Areas : CIS (Eastern Europe) Region
- Supports : Market research, developing buyers, rental fees for consulting location, interpretation and promotion fees, air fares (50%)
- Burden on businesses : Accommodation, food, air fares (50%)
Researching information on International Markets
Provide the trends in international markets to small to medium businesses in Yangsan to promote exports on products and to help develop international markets for those businesses having difficulties in directly contacting international markets
- Target : Small and medium sized manufacturers (exporters) whose head offices or factories are in Yangsan
- Support : 500,000 Won per company, 20 companies
- International Market Research Organization : KOTRA Policy Business Team
- Researches : Demands, economy, production, prices, distribution, trends in imports and exports
Project for establishing branches of International Business Centers
KOTRA International Business Centers perform the roles of overseas branches thus Improve international competitiveness for small and medium business in Yangsan by supporting the development of export markets, collecting information on international markets and supporting marketing activities
- Target : Small and medium sized manufacturers (exporters) whose head offices or factories are in Yangsan
- Support : 2.2 Million Won ~ 3.6 Million Won per business center
Support participation in exhibitions and fairs
ncrease competitiveness for small and medium business by supporting the installation of booths for those participating in various exhibitions
- Target : Small and medium sized manufacturers (exporters) whose head offices or factories are in Yangsan
- Supports : One-time support per company (National exhibition 1,000,000 Won, Overseas Exhibition 2,000,000 Won)
Operate Gyeongsangnam-do (Province) Recommended Product System
- To contribute in developing markets and increasing income by appointing high quality agricultural and marine products, craftworks, industrial products
- Application Period : Mar ~ Apr (first half), Sep ~ Oct (second half)
- Documents : Each 1 copy of Application for recommended product, Outline on conditions for producing products, Written promise on quality compliance, Confirmation on contracted producers and confirmation on specimen
Author Info
505,Nambu-dong,Yangsan,South Korea.(zip 626-701) Tel.82-55-392-2114 Fax.82-55-392-2119 mail to webmaster copyright 2009,Yangsan City Hall.All right reserved.