IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 Aug 2013 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 13 August 2013, the Telecommunications Business Act was amended. Foreign investors from FTA partners are henceforth allowed to indirectly own up to 100% of Korean facility-based telecommunication business.
 
However, two publically owned or controlled firms (KT and SK Telecom) are excepted from this measure and cannot be owned by foreign investors.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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