Investment framework and opportunities in South Korea
Procedures Relative to Foreign Investment
- Freedom of Establishment
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Guaranteed
- Acquisition of Holdings
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Possible
- Obligation to Declare
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A foreign investment must be reported under the Foreign Investment Promotion Act (FIPA) or the Foreign Exchange Transaction Act. A fast registration process is available for foreign direct investment (FDI) under the FIPA. To apply, an FDI needs to:
- invest at least KRW 100 million;
- acquire at least 10% of voting shares of a Korean company, or own shares of a Korean company and dispatch or appoint an executive officer to or at such Korean company.
- Competent Organisation For the Declaration
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Invest Korea
- Requests For Specific Authorisations
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Most sectors of the economy are open to foreign investment, with the exception of a few key sectors, for example: telecommunications, broadcasting, publishing, banking, naval, aviation, agriculture, natural resources. In these sectors foreign ownership is limited to a percentage ceiling, or subject to regulatory approval for reasons of national security, protection of critical technologies, and so on.
Find out more about Investment Service Providers in South Korea on GlobalTrade.net, the Directory for International Trade Service Providers.
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Latest Update: June 2022