Investment Law in Korea
South Korea is known as a testing bed for major electronic item. Inspite of the recent economic crisis, the economy of South Korea was surviving rapidly. In this chapter, I troduced some tips and knowhows on the investment in Korea..
There are 2 possible ways of investment in Korean territory. It might be same in many other countries also. Local Korean Corporation and privete business of foreigners would be regulated by the Foreign Investment Promotion Act but branch office would be treated as foreign corporation. Thus it would be directed by the Foreign Exchange Transactions Act.
||Foreign Investment Promotion Act
||Recognized as a foreign investment|
||Foreign Exchange Transactions Act
||Categorized as a domestic branch of the foreign corporation|