Support targets
Corporations and individual businesses engaged in the development business of overseas forestry resources (including survey business of overseas forestry),
which is stipulated as one of the purposes of business in their articles of association or copies of the registry book of corporation, and corporations and individual businesses that secured business partners for the development business of overseas forestry resources (afforestation, processing, short-term forest products)
Notification period
Occasional reception / Additional notification when there is remaining budget
Support details
| Support scale | Details | Support rate |
|---|---|---|
| Annual budget | Financial support for overseas forest resources development projects and pre-survey on environments |
70% for pre-survey expenses (60% support for those already applied before) |
| Support scale | Annual budget |
|---|---|
| Details | Financial support for overseas forest resources development projects and pre-survey on environments |
| Support rate |
70% for pre-survey expenses (60% support for those already applied before) |
Support limit
Forestation project
KRW 35 million
Lumber processing facilities
KRW 25 million
Short-term forest products
KRW 20 million
Support procedures
Open acceptance
Review of application
Assessment and election
Notifying the decision on the support of subsidies
Pre-situation survey
Inspection of survey report/project fund settlement
Open acceptance
Review of application
Notifying the decision on the support of subsidies
Assessment and election
Pre-situation survey
Inspection of survey report/project fund settlement
