30 |
BUSINESS IN KOREA 2024 PART 3 - PROCEDURE BY TYPE OF INVESTMENT 1-4
■ 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 corporateacco . . .
작성일 2024-07-29
2024
|
29 |
Business in Korea 2024 PART 3 - Procedure by Type of Investment 1-3
■ Business in Korea 2024
PART 3
Procedure by Type of Investment 1-3
03
Acquisition of Existing Stocks
【 Foreign Direct Investment Flowchart 】
Conclusionof StockTransactionContract
>
Foreign DirectInvestmentNotification(KOTRA, foreignexchange bank)
>
Remittanceof InvestmentFunds
>
. . .
작성일 2024-07-22
2024
|
28 |
Business in Korea 2024 PART 3 - Procedure by Type of Investment 1-2
■ Business in Korea 2024
PART 3
Procedure by Type of Investment 1-2
02
Capital Increase
Foreign Direct Investment Notification
Foreign DirectInvestmentNotification(KOTRA, foreignexchange bank)
>
Remittance ofInvestment Funds(Foreign exchangebank, hand-carriedthrough customs
>
Registrationof Cor . . .
작성일 2024-07-15
2024
|
27 |
Business in Korea 2024 PART 3 - Procedure by Type of Investment 1-1
■ Business in Korea 2024
PART 3
Procedure by Type of Investment 1-1
[In case of non-cash investments]
01
In corporation
【 Incorporation Procedure 】
※ Related laws: Articles 5 and 21 of the Foreign Investment Promotion Act , Articles 6 and 27 of the Enforcement Decree of the Act, Articles 2 and 17 of the Enforcement Rules of the Act
Foreign Direct Investment Notification
A . . .
작성일 2024-07-08
2024
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26 |
Business in Korea 2024 PART 2 - Types of Foreign Direct Investment Q & A
■ Business in Korea 2024
PART 2
Types of Foreign Direct Investment Q & A
Q1
Will a foreign-invested company be able to retain its status andqualification even if it transfers some of its stocks or shares, or ifit reduces its capital and thus fails to meet the foreign investmentrequirements after registering as a foreign-invested company?
Even if a company that registered as a foreign-invested company no longersatisfies the . . .
작성일 2024-07-01
2024
|
25 |
Business in Korea 2024 PART 2 - Types of Foreign Direct Investment
■ Business in Korea 2024
PART 2
Types of Foreign Direct Investment
Foreign Direct Investment (FDI) refers to where a foreigner’s investment is at least KRW 100 million and the foreign invested ratio is a minimum of 10% of the total investment amount.Foreign investors and foreign-invested companies may conduct business in Korea without restraint except as otherwise prescribed by other Acts of the Republic of Korea.The types of FDI are as follows: acquisition of stocks or shares of a Korean company, an overseas parent c . . .
작성일 2024-06-25
2024
|
24 |
Business in Korea 2024 PART 1 - FOREIGN INVESTMENT PROMOTION POLICY - Liberalization of FDI
■ Business in Korea 2024
PART 1
Foreign Investment Promotion Policy
Except as prescribed by other Acts, foreign investorsare guaranteed a legitimate right to manage theirbusiness operations in Korea freely. To this end, theKorean government has prepared a system to protectforeign investors.Korea’s foreign investment policy is in accordancewith global standards based on the recommendationsand agreements of international organizations suchas the OECD, UNCTAD, and WTO. It provides variousincentives to foreign investors t . . .
작성일 2024-06-17
2024
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23 |
FAQ on FDI in Korea 2023 (Q221~Q223)
■ FAQ on FDI in Korea 2023 (Q221~Q223)
Settlemt
Q221
If a foreigner moves in Korea, must he/she report change in address?
When a foreigner who has registered as an alien changeshis/her place of stay, he/she must report change of placeof stay to the head of the district (si/gun/gu or eup/myeon/dong) or the head of the immigration office governing theplace of stay within 15 days from the date of move-in.company.
Report per . . .
작성일 2024-06-11
2024
|
22 |
FAQ on FDI in Korea 2023 (Q216~Q220)
■ FAQ on FDI in Korea 2023 (Q216~Q220)
Settlemt
Q216
What is the application procedure for issuance of a Korean credit card?
Foreigners residing in Korea can apply for credit card issuance,and the issuance criteria differs depending on the cardcompany.
Eligibility
Foreigners with an alien registration card employed in Korea
Required documents
Document certifying . . .
작성일 2024-06-04
2024
|
21 |
FAQ on FDI in Korea 2023 (Q211~Q215)
■ FAQ on FDI in Korea 2023 (Q211~Q215)
Settlemt
Q211
What does a foreigner have to do to get a cell phone plan in Korea?
The process is different depending on the status of stay, but in most cases, if one holds an alien registration certificate,he/she can visit a local telecom store to subscribe to a cell phone plan.
< Documents required (for foreign subscribers) >
Individual
Corporati . . .
작성일 2024-05-28
2024
|
20 |
FAQ on FDI in Korea 2023 (Q206~Q210)
■ FAQ on FDI in Korea 2023 (Q206~Q210)
Visa
Q206
What are the services provided by KOTRA’s Foreign Investor Support Center?
KOTRA’s Foreign Investor Support Center (FISC) is comprisedwith government officials from the central and localgovernments, officials from relevant government agencies,and KOTRA staff members who are experts in variousfields. In addition to general investment consulting, FISCprovides various services rangin . . .
작성일 2024-05-21
2024
|
19 |
FAQ on FDI in Korea 2023 (Q201~Q205)
■ FAQ on FDI in Korea 2023 (Q201~Q205)
Visa
Q201
In order to help promote the convenience of a foreign employee dispatched to a foreign- invested company, can a domestic helper be hired overseas?
A foreigner who invested USD 500,000 or more and theexecutives dispatched to a foreign-invested company thatinvested USD 500,000 or more can apply for a visa issuancefor a domestic helper who he/she hired overseas at least oneyear ago from . . .
작성일 2024-05-14
2024
|
18 |
FAQ on FDI in Korea 2023 (Q196~Q200)
■ FAQ on FDI in Korea 2023 (Q196~Q200)
Visa
Q196
If a foreigner who has been dispatched from the head office or overseas branch of a foreign company wishes to change his/her status of stay to that of Business Investment (D-8) and apply for a permission for extension of period of stay, what are the required documents?
Required documents when applying for change of status of stay
When the corporation is established by a for . . .
작성일 2024-05-07
2024
|
17 |
FAQ on FDI in Korea 2023 (Q191~Q195)
■ FAQ on FDI in Korea 2023 (Q191~Q195)
Visa
Q191
When a foreigner has a one year single-entry visa with Business Investment (D-8) status of stay, and is a national of a country that is exempt from the requirement to receive a re- entry permit, what happens if he/she leaves the country before registering as an alien?
If a long-term visa holder wishes to stay in Korea for longer than 90 days, alien registration should be completed at . . .
작성일 2024-04-22
2024
|
16 |
FAQ on FDI in Korea 2023 (Q186~Q190)
■ FAQ on FDI in Korea 2023 (Q186~Q190)
Visa
Q186
What are the visa-related services provided by KOTRA's Foreign Investor Support Center?
In order to facilitate the domestic business activities offoreign investors in Korea, KOTRA’s Foreign InvestorSupport Center (FISC) provides one-stop services to BusinessInvestment (D-8) visa holders. In particular, officialsdispatched from the Minister of Justice process visa andsojourn matters on . . .
작성일 2024-04-16
2024
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