o A foreign investor means a person who owns stocks or the equity in accordance with the Foreign Investment Promotion Act

o The scope of a foreigner defined in the same Act is:

– Individual: a person who has the nationality of a foreign country

(Including the case where a Korean achieves a permanent residency or a equivalent residency permit)

※ A Chinese residing in Korea semi-permanently is a foreigner (status of residence (F5), the foreign investment filing with domestic resource income is not accepted).

– Foreign corporation: established in accordance with the laws of the foreign laws

– International Economic Cooperation: the organization acting for international economic cooperative works of foreign countries. One which handles or does international investment works for IBRD, IFC or ADB, etc.