(1) The period of sojourn under the status of sojourn as overseas Korean shall be up to three years at the longest. <Amended on Dec. 19, 2008>
(2) The Minister of Justice may grant permit for extension of the period of sojourn to a foreign nationality Korean who is going to stay continuously in the Republic of Korea exceeding the period of sojourn under paragraph (1) as prescribed by Presidential Decree; provided, where there is any reason falling under any subparagraph of Article 5 (2), the same shall not apply.
(3) Where a foreign nationality Korean who has reported the domestic place of residence departs from and reenters the Republic of Korea within the period of sojourn, reentry permit under Article 30 of the Immigration Act shall not be required.
(4) A foreign nationality Korean who has reported the place of residence in the Republic of Korea or the change of such place of residence shall be deemed to have completed the alien registration under Article 31 of the Immigration Act and the report on change of the place of sojourn under Article 36 of the same Act.
(5) Employment and other economic activities of a foreign nationality Korean who has been granted the status of sojourn as overseas Korean shall be freely permitted to the extent that he or she does not impair social order or economic stability.[This Article Wholly Amended on Mar. 14, 2008]