TITLE : Business in Korea 2024 PART 3 - Procedure by Type of Investment 1-2
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■ 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 CorporateCapital Increase(court registry office) | > | Registration ofForeign-InvestedCompany / Registrationof Alteration(delegated agency where thefirst notification form ofFDI was filed) |
Immediately | 2-3 days | 2-3 days | 1 day |
- Foreign Direct Investment Notification
A foreign investor is required to make pre-notification of the foreign direct investmentto KOTRA (Foreign Investor Support Center at KOTRA headquarters or at KOTRA’soverseas investment hub office) or a foreign exchange bank.
- Remittance of Investment Funds
Proceed in the same way as the incorporation procedure.
- Registration of Capital Increase
The registry division of the court accepts the application for the registration of capitalincrease, the completion of which takes two to three days. Required documents can bechecked on the list of application forms and required shall be undertaken at KOTRA or at aforeign exchange bank where the documents from the Online Registry of the Supreme Court.
- Registration of a Foreign-invested Company or Change in Notified Matters
Registration of a foreign-invested company or change in the notified matters shall beundertaken where the notification was first made (KOTRA headquarters or a foreignexchange bank) as the last step of the FDI registration process.
▶ DOCUMENTS
Foreign Direct Investment Notification for Capital Increase
- 2 copies of the notification form (Attached Form 1 of the Enforcement Rules of the ForeignInvestment Promotion Act: Notification of foreign investment by acquisition of stocks or contributionand application for its permission )
- Foreign investor’s certificate of nationality (Foreign individuals: passport; Foreigncorporation or organization: business license, certificate of incorporation, or proof that the saidcorporation or organization is based in the said country)
[In case of non-cash investments]
- Documents certifying object of investment (e.g., documents certifying the monetary valueof industrial property rights)
* Where an agent files an application : Power of attorney and the agent’s identification (ID card)
※ Contact: KOTRA Foreign Investor Support Center (1600-7119)
Registration of Capital Increase (Registration of Change of Corporation)
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Online Registry of the Supreme Court www.iros.go.kr ▶ Library ▶ Registration application form▶ Corporate registration ▶ Search (Registration of incorporation)
※ Contact: Corporate registration handling department of the Registry of Supreme Court (1544-0773→2→3)