ANNOUNCED AS TEMPORARYNo
FDI: Financial incentive
On 11 January 2014, an amendment of the Foreign Investment Promotion Act of the Republic of Korea entered into force. The change introduces the option of a joint venture with a foreign partner.
While joint investments were impossible prior to the change, the new regime allows them under the following conditons:
The change becomes effective 11 March 2014 and could affect the United States, Japan, the UK, the Netherlands, Germany, and Belgium --- the countries with the highest FDI stock in the local economy.
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