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: 05 Oct 2010 | Removal date: open ended
Still in force

FDI: Financial incentive

On 5 October 2010, the Republic of Korea amended the Presidential Decree on the FDI Act. The amendments opened up investment in certain service sectors inside the designated FDI zones.
The service sectors involved include knowledge services, tourism, logistics, finance and education.
Moreover, the amendments allow for city centres - rather than peripheral industrial estates, harbour areas, etc. - to be designated as FDI zones.
Finally, the threshold for compulsory registration with the government of FDI was doubled from 50 to 100 million won (from US$ 44,500 to US$ 89,000).

AFFECTED COUNTRIES

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