♦ If a foreign investor wants to transfer shares or stocks, which were acquired in accordance with FIPA, to a third party (Korean or foreign national), or decreases stocks or shares in his/her possession, then it should be carried out immediately, if notified at the place of initial notification within 30 days of the day of the resolution from the general meeting of stockholders or the day when the transfer was concluded.

♦ Documents to be submitted are as follows:

• Two application forms for the transfer of stocks or shares;
• document verifying the transfer or decrease in stocks or shares (sales contract or resolution of the general meeting of stockholders regarding the capital decrease);
• document verifying the nationality of the transferee.