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2019-01-07
Lian
[Legal ] foreign investment restrictions
Dear Sir/Madam,

Could I ask if the business line "35114 Solar and sunlight power generation" is in the restriction list?  
What I've read in the FOREIGN INVESTMENT PROMOTION ACT is that "The sum of power plant facilities purchased by foreigners from the Korea Electric Power Corporation (KEPCO) must not surpass 30% of the total domestic power plant facilities" for the "Hydroelectric power generation (35112);Fire power generation (35113);Other power generation (35119)". 
I just want to double check that if the solar and sunlight power generation can be invest by the foreign company solely.
If yes, what procedural shall I do or permit shall I acquire from the Ministry of Trade, Industry and Energy and other government authorities?

Many thanks,
Lian

Reply

2019-01-08
Consultant :
김남희
Hello,

Thank you for visiting our website.

The Solar and sunlight power generation (35114) is also applied for the investment limitation which is that ;the sum of power plant facilities purchased by foreigners from the Korea Electric power Corporation (KEPCO) must not surpass 30% of the the total domestic power plant facilities'.

Foreign company solely can invest the solar and sunlight power generation business under the condition that the sum of power plant facilities purchased from KEPCO does not surpass 30% of the total domestic power plant facilities.

You need to get permission from the Ministry of Trade, Industry and Energy to do the business.

Thanks.