Why Subsidy Settlement Matters
Korean public funding comes with strict accountability requirements. At the end of a funded project, your organization must submit a detailed settlement report — and in many cases, an independent CPA verification.
Errors, unsupported expenditures, or procedural violations can result in partial or full fund clawbacks, disqualification from future programs, and in severe cases, legal liability.
Our Subsidy Settlement Services
National R&D Project Settlement
Programs funded by IITP, KIAT, NRF, KETEP following the National R&D Innovation Act. We review expenditures, verify compliance, and prepare settlement reports.
Sports Promotion Fund Settlement
Settlement for organizations receiving KSPO support. We handle specific fund usage rules and prepare compliant settlement documentation.
Cultural Arts Grant Settlement
For funding through Arts Council Korea or KOCCA. We assist with cost verification, matching fund calculations, and reporting to granting bodies.
Local Government Subsidy Settlement
Municipal and provincial subsidies for business attraction, job creation, and facility investment. We navigate varying local authority requirements.
Commissioned Project Settlement
For research institutes, universities, and companies receiving commissioned research funding. We account for all expenditures under commissioning terms.
Why Bricks Insight?
Broad Program Coverage
Experienced across central government R&D, cultural, sports, and local government programs
Early Engagement Approach
We advise on cost management during the project, not just at settlement time
Risk Minimization
Proactively identify and address non-compliant expenditures before the settlement report
Timely Delivery
Strict government deadlines are met without exception — every time
Insights for Foreign Businesses
Ready to get started?
Reach out and let us know how we can support your business in Korea.