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In Horizon Europe projects, do rules on personnel costs, incentives, participation rates, and indirect costs follow Korean regulations or EC rules? Also, who is responsible for financial settlement?
Horizon Europe projects are funded by the EU, and the EU is also the authority responsible for financial settlement. Therefore, all legal entities participating in the project and receiving EU funding must comply with the Horizon Europe regulations.
These include rules on funding eligibility, financial and reporting obligations, dissemination and exploitation of results, and data protection requirements. Such provisions can be found in the Horizon Europe Regulation and the Grant Agreement (GA). Research funding received through Horizon Europe must meet the eligibility conditions specified in the GA.
In carrying out the project, beneficiaries must comply with all obligations under the Grant Agreement, as well as with relevant EU international law and applicable national laws, including general principles such as fundamental rights, values, and ethical standards. For example, beneficiaries must comply with labour laws applicable to individual project tasks, and researchers must fulfil tax and social security obligations in accordance with the laws of the country where they are based. If some activities are carried out in another country, the rules of that country must also be followed.
Grant Agreement explanatory document – Korean version: https://k-erc.eu/wp-content/uploads/2023/07/KERC-AGA-V0.2-Draft-한글-번역본.pdf