ANNOUNCEMENT 11 Jan 2014
In January 2014, the government of Republic of Korea announced changed incentives for foreign investors entering the country.NUMBER OF INTERVENTIONS
1
SOURCE
Investment Policy Monitor No. 12 - Unctad
http://unctad.org/en/PublicationsLibrary/webdiaepcb2014d1_en.pdf
Consulate General of the Republic of Korea in New York
http://usa-newyork.mofa.go.kr/english/am/usa-newyork/bilateral/trade/index.jsp
FDI, globalisation and development
http://www.i-jibe.org/achive/2006fall/1-Dunning.pdf
FDI of EU and USA and Employment Effects in Korea
http://yeri.yonsei.ac.kr/new/kje_data/2011/vol1/2011vol106.pdf
2011 Investment Climate Statement - Republic of Korea
http://www.state.gov/e/eb/rls/othr/ics/2011/157359.htm
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.
AFFECTED SECTORS
AFFECTED PRODUCTS