ANNOUNCEMENT 13 Aug 2013

In August 2013, the government of Republic of Korea announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Telecommunications Business Act (Amended): http://english.msip.go.kr/english/brd/m_83/down.do?brd_id=eng_g0102&seq=36&data_tp=A&file_seq=2
WTO-UNCTAD-OECD Tenth Report on G20 Trade and Investment Measures, mid-May to mid-November 2013: http://www.oecd.org/daf/inv/investment-policy/10thG20TradeInvestment.pdf


Inception date: 13 Aug 2013 | Removal date: open ended

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 SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A