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2020-10-02
ANIL JINSI
[General] Mr
if stocks/IPO of korean company particularly of BIG HIT ENTERTAINMENT is to be purchased, pl guide
i am from india . do i need to open trading account. which company is the best 

Reply

2020-10-05
Consultant :
이유연
Dear Mr. Anil Jinsi,

Thank you for taking your time to visit our website.

If you plan on investing more than 100 million KRW, and owning more than 10 percent of voting stocks of the company, then you should proceed with 'foreign direct investment notification', which you could do at Kotra or at Korean banks, such as KEB Hana Bank or IBK Bank. Then you will create a temporary bank account to transfer your investment fund, register capital increase at a court registry office and register as a foreign invested corporation. 

If you plan on investing less than 100 million KRW and owning less than 10 percent of voting stocks of the company, then you have to proceed with 'stock acquisition notification for foreign nationals' at a Korean bank, such as KEB Hana Bank, IBK Bank, etc. In this case, you also need to create a bank account. Here at Investment Consulting Center at Kotra, we are in charge of assisting foreign investors with 'foreign investment notification.'If you are planning on investing less than 100 million KRW and owning less than 10%, then please contact Korean banks of your choice for more details on stock acquisition for foreign nationals. Necessary procedures will vary according to yourinvestment amount, the percentage, etc. 


With best regards,