Foreign Investment Policy Direction
The Korean government is pursuing foreign investment policies centering on (1) building a one-stop solution system; (2) improving regulations and systems related to foreign investment; (3) reforming regulations blocking invstment; and (4) supporting investment to enhance industrial competitiveness.
Establishing a one-stop solution system
The Korean government has established a system for resolving pain points of foreign-invested companies by holding regular roundtable discussions chaired by the Minister; roundtable discussions with CEOs of foreign-invested companies (chaired by the head of the Trade and Investment Office); roundtable discussions with foreign chambers of commerce in Korea (chaired by an Assistant Deputy Minister); departmental briefings; and seperate committees for interdepartmental coordination.
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- Every half year
- Minister-chaired roundtable discussion
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- Monthly
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Foreign-invested firm CEO meeting
(Head of Trade and Investment Office)
Foreign chambers of commerce meeting
(Assistant Deputy Minister)
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Labor, Environment,
Taxation, Location - Department briefings
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Labor, Environment,
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- Major greivances
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Consultative body of
related agencies
Grievance Resolution
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Foreign investment
Ombudsman -
INVEST
KOREA -
KOTRA
Foreign Investor
Support Center
Improving regulations and systems related to foreign investment
The Korean government has been reforming regulations blocking foreign investment by lifting regulations on new industries and revamping regulations on foreign investment.
Lifting regulations on investment in new industries
- Prior Entry RegulationNegative list approach to regulations on investment in new industries
- Absence of SystemEliminating "Grey Zone" of convergence new products and building "Fast Track"
Revamping regulations on foreign investment
- Designating Foreign
Investment Zones for DevelopmentExpanding scope eligible for foreign investment zones
to knowledge service industries - Redefining Investment Terms for Nonprofit Organizations
Clarifying requirements for nonprofit organizations in the field of science technology, academic research and art - Reviewing Investment-Restricted IndustriesReviewing 29 industries where foreign investment is restricted
