Laws › Business, Investment & Tax
Foreign Investment Promotion Act
외국인투자 촉진법
This English translation is based on the Korean text effective 2023-12-14. The Korean law has since been amended (current version effective 2026-01-02) — check the Korean original.
Articles
- CHAPTER I GENERAL PROVISIONS
- Article 1 Purpose
- Article 2 Definitions
- Article 3 Protection of Foreign Investment
- Article 4 Liberalization of Foreign Investment
- Article 4-2 Formulation of Plans to Stimulate Foreign Investment
- Article 4-3 Actual Survey of Employment by Foreign-Invested Companies
- CHAPTER II PROCEDURES FOR FOREIGN INVESTMENT
- Article 5 Reporting on Foreign Investment
- Article 6 Permission of Foreign Investment
- Article 7 null
- Article 8 null
- Article 8-2 null
- CHAPTER III MEASURES FOR SUPPORTING FOREIGN INVESTMENT
- Article 9 Tax Reduction and Exemption for Foreign Investment
- Article 10 null
- Article 11 null
- Article 12 null
- Article 13 Lease of State or Public Property
- Article 13-2 Reduction of or Exemption from Rent for State or Public Property
- Article 13-3 Sale of State or Public Property
- Article 13-4 Cancellation of Sale of State or Public Property
- Article 14 Support for Foreign Investment Inducement Activities of Local Governments
- Article 14-2 Cash Grants for Foreign Investments
- Article 14-3 Monetary Rewards for Inducing Foreign Investment
- Article 15 Establishment of Foreign Investor Support Center
- Article 15-2 Foreign Investment Ombudsmen
- Article 16 Foreign Investment Promotion Offices
- Article 17 Special Cases concerning Handling of Civil Petitions by Foreign Investors
- CHAPTER IV FOREIGN INVESTMENT ZONES
- Article 18 Designation of Foreign Investment Zones
- Article 18-2 Cancellation of Designation of Foreign Investment Zones
- Article 18-3 Development and Management of Foreign Investment Zones
- Article 19 Support Measures for Foreign Investment Zones
- Article 20 Special Cases concerning Other Statutes
- CHAPTER V FOLLOW-UP MANAGEMENT OF FOREIGN INVESTMENT
- Article 21 Follow-Up Management of Foreign Investment
- Article 22 Cooperation in Follow-Up Management of Foreign Investment
- Article 23 null
- Article 24 Collection and Compilation of Statistics on Foreign Investment
- CHAPTER VI DELETED.
- Article 25 null
- Article 26 null
- CHAPTER VII SUPPLEMENTARY PROVISIONS
- Article 27 Foreign Investment Committee
- Article 28 Reporting, Investigation, and Correction
- Article 29 Examination and Confirmation of Introduced Capital Goods
- Article 30 Relationship to Other Statutes and International Treaties
- Article 31 Delegation of Authority
- CHAPTER VIII PENALTY PROVISIONS
- Article 32 Penalty Provisions
- Article 33 Penalty Provisions
- Article 34 Penalty Provisions
- Article 35 Penalty Provisions
- Article 36 Joint Penalty Provisions
- Article 37 Administrative Fines