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Seoul Financial Hub

Seoul Financial Hub

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Our Mission

Seoul's great leap forward as Asia's financial center

The Seoul Financial Hub is a space operated directly by the Seoul Metropolitan Government with the aim of revitalizing Seoul's financial hub, 'Yeouido.' It provides office spaces for foreign financial institutions entering the Korean market, along with various opportunities for collaboration and growth, including guidance on domestic financial and lifestyle environments for foreign employees, as well as support for networking events among financial institutions located in Yeouido.

Benefits of Seoul Financial Hub

Seoul Financial Hub promotional video

  • Seoul Financial Hub Space Introduction

  • Seoul Financial Hub Promotional video

  • Seoul Financial Hub 3D VR Tour

Seoul Financial Business Environment

  • Seoul Financial Policy Direction photo
    Seoul Financial Policy Direction

    Seoul is establishing and promoting the 'Asian Financial Center, Seoul' which consists of 15 core tasks in 4 major areas.

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  • Financial company licensing photo
    Financial company licensing

    You can find information about the licensing procedures for the financial industry by sector and the relevant authorities.

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  • Global financial hub, Seoul photo
    Global financial hub, Seoul

    You can find information about the advantages of Seoul's financial industry and its culture and environment.

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  • Seoul Financial Hub programs photo
    Seoul Financial Hub programs

    You can find information about the program operated by SFH such as Book Lunch and financial seminar.

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  • Seoul Financial Snapshot photo
    Seoul Financial Snapshot

    You can find information about financial institution and the environment located in Seoul.

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  • Seoul Financial Expert Discussion photo
    Seoul Financial Expert Discussion

    You can watch videos of expert discussions on financial issues and policy-related matters.

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  • Financial Book Lunch photo
    Financial Book Lunch

    You can watch videos of lectures on financial policies and domestic and international economic trends.

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  • Financial company licensing videos photo
    Financial company licensing videos

    You can watch videos explaining the licensing procedures for banking, financial investment, and other related businesses.

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Seoul Support System

Employment and training subsidies support for foreign financial institutions
Employment subsidy support for foreign financial institutions, Support target, Application requirements, Support amount
Support target
  • Foreign corporations investing in Seoul's 8 new growth engine industries

    IT convergence

    Digital content

    Green industry

    Business service

    Fashion design

    Finance

    Tourism, convention

    Biomedical

  • Foreign companies secured through MOU signing with the Seoul Metropolitan Government
Application requirements
  • Foreign investments should be 30% or more
  • New employment or education and training is within 5 years from the date of initial investment or increased investment
  • The increase in the number of regular employees due to the attraction of foreign investment in the previous year exceeds 5 people
  • In the case of education and training subsidies, new hires and training are to be conducted at the vocational education and training institutions in accordance with the [Vocational Education and Training Promotion Act].
Support amount
  • Support for up to KRW 1 million per person per month for more than 5 Koreans for up to 6 months
Application
  • How to apply : Through the website (https://www.losims.go.kr)
  • Inquiries : the Seoul Metropolitan Government’s finance & investment division (+82-2-2133-4764 / yjhnns1@seoul.go.kr)
Foreigner investment zone
  • Foreigner investment zones are areas designated and announced by the Mayor/ Governor in accordance with the [Foreign Investment Promotion Act] to promote foreign investments.
  • For foreign investment zone types operated by Seoul, there are service-types and individual-types, and each type has different designation requirements, occupancy types, and investment incentives, etc.
  • Service type

    Areas designated for lease or transfer to foreign investment companies in service fields with high added value, such as finance and R&D (including buildings)

  • Individual type

    The region designated for foreign investment is chosen after deliberation and care in order to attract large-scale investments that exceed a certain limit

Service type, Application requirements, Support provided
Service type
Target for support R&D Hiring of 5 or more research personnel
Finance and insurance Hiring of more than 15 people
Knowledge service industry
Cultural industry
Tourism (excluding casinos)
Application requirements
  • Foreign investment to exceed 30%
  • Investing more than the total subsidy for building rental
  • Additionally, investment of at least 100% of the land or value corresponding to the leased area
Support provided
  • Amount limit : Up to 50% of the standard rent (the standard rent does not include a rental deposit)
  • Support period : Within the period of the tenancy contract, up to 5 years. Can be renewed only once within the same period
  • Application method : Rent paid on a yearly basis will be paid in support, post-settlement
Individual type, Business targeting tenant companies, Application requirements, Support provided
Individual type
Business targeting tenant companies
  • Manufacturing industry
  • New growth engine industry technology business
  • Knowledge service industry
    (computer programming, system integration and management)
  • Information service industry
    (data processing, hosting and related industries)
 USD $30 million or more
  • Tourism industry
  • Industry support services (excluding logistics)
  • International conference facilities
  • Performance halls, sports industry promotion facilities, museums and art galleries
 USD 20 million or more
  • Complex logistics terminal business
  • Establishment of a joint delivery center
  • Social infrastructure creation project
 USD 10 million or more
R&D facilities for conducting industrial support service business or business involving high technology USD 2 million or more
A facility with 10 or more full-time research personnel with 3 or more years of research experience, with a master's degree or higher qualifications in the relevant field
Application requirements New/renewed factory or business establishment
Support provided
  • Rent : In case of public property, a possible reduction of up to 100%
  • Acquisition tax and property tax reduction

    - 100% of (amount eligible for deduction) for 5 years from the date of business commencement + 50% for 2 years thereafter.

  • Exemption from customs duties, individual consumption tax, and value added tax

    - Among the capital goods 1 and 2 below are necessary for tax reduction/exemption business, capital goods introduced in accordance with foreign investment notification by acquisition of newly issued stocks are exempted under the 'Restriction of Special Local Taxation Act'

1. Capital goods introduced by a foreign investment company as an external or domestic means of payment for investment by foreign investors 2. Capital Goods Introduced by Foreign Investors