ANNOUNCEMENT 11 Jan 2014In January 2014, the government of Republic of Korea announced changed incentives for foreign investors entering the country.
NUMBER OF INTERVENTIONS
Investment Policy Monitor No. 12 - Unctad
Consulate General of the Republic of Korea in New York
FDI, globalisation and development
FDI of EU and USA and Employment Effects in Korea
2011 Investment Climate Statement - Republic of Korea
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.