FAQ
What is required to be a qualified foreign invested company to Korea?
Writer
administ
Posted at
2017-11-09
Q/ What is required to be a qualified foreign invested company to Korea?
A/
- A foreign invested company is defined by the description of “Act of Foreigner Investment Promotion.” It should be satisfied with the following conditions.
- A foreigner should possess stocks or have share of a company regulated under Korean laws or operated by a person with Korean citizenship. The amount of investment should be ￦100,000,000 or more.
․A foreigner should occupy 10% or more of total stocks with a voting right or investment amount for a company regulated under Korean laws or operated by a person with Korean citizenship.
․While possessing stocks or having shares of a company regulated under Korean laws or operated by a person with Korean citizenship, a foreigner should make a contract with the Korean company relating to one of the following cases.
1) A contract to dispatch or appoint executives
2) A contract to supply/purchase raw materials or products for more than 1 year
3) A contract to provide, introduce or co-develop technologies - You can get further information from a related division. Please Contact Foreign Capital Investment Promotion Team (Tel. 061-286-4746), Business and Enterprise Development Division.