Corporate & Local Tax Incentives – Ulsan offers local tax reductions and exemptions (acquisition and property tax) for qualifying investment projects, particularly in designated industrial, foreign investment, and Free Economic Zones, with relief periods that can extend for multiple years depending on project size and location.

Local Tax Exemptions – Foreign-invested companies in Ulsan may receive full exemptions (100%) from acquisition tax, property tax, and registration tax, significantly reducing upfront and operational costs when establishing local entities or facilities.

Investment Subsidies – Eligible companies can access cash grants and subsidies covering employment creation, workforce training, facility construction or expansion, and business relocation into Ulsan’s strategic industrial zones.

SME & Startup Financing Support – The city operates guaranteed loan and interest-subsidy programs for SMEs and startups, supporting working capital, facility investment, and early R&D activities through partnerships with local financial institutions.

Industrial & R&D Incentives – As a core industrial hub, Ulsan provides sector-specific support programs linked to manufacturing, energy, automotive, shipbuilding, and emerging green and hydrogen technologies, aligned with national innovation policies.

Foreign Investment Zones & FEZs – Ulsan’s Foreign Investment Areas and Free Economic Zones provide a structured entry point for investors, combining tax incentives, administrative support, and site development assistance.