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

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TABLE
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