TITLE : BUSINESS IN KOREA 2024 PART 3 - PROCEDURE BY TYPE OF INVESTMENT 1-4
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■ Business in Korea 2024
PART 3
Procedure by Type of Investment 1-4
04 | Long-Term Loan |
【 Foreign Direct Investment Flowchart 】
Conclusion ofContract | > | Foreign DirectInvestmentNotification(KOTRA, foreignexchange bank) | > | LoanRemittance | > | Deposit of loaninto corporateaccount offoreign-investedcompany |
Immediately |
▶ INFORMATION
Long-term loans may be provided only when equity investment has been made by the foreign investor-
Conclusion of Contract
A long-term loan contract is signed between the loan provider (foreign investor or foreigncompany with investment relations with the investor) and the foreign-invested company.
- Foreign Direct Investment Notification
A foreign investor is required to pre-notify FDI to the Foreign Investor Support Center atKOTRA headquarters or a foreign exchange bank.
- Remittance of Loan
The foreign investor (loan provider) remits the loan to the corporate account of the foreigninvested company.
- Deposit
The loan is deposited into the corporate account of the foreign-invested company bythe loan provider in accordance with the foreign investment notification.
▶ DOCUMENTS
Notification of FDI Through Long-term Loans
- 2 copies of the notification form (Attached Form 2 of the Enforcement Rules of the ForeignInvestment Promotion Act: Notification of foreign investment in the form of a long-term loan )
- Foreign investor (loan provider)’s certificate of nationality
- Document certifying investment relations with an overseas parent companyor a parent company
- Copy of the loan contract
*Where an agent files an application : Power of attorney and the agent’s identification (ID card)
※ Contact: KOTRA Foreign Investor Support Center (1600-7119)