o General benefits

– Guarantee of transfer to foreign countries

• With remittance of proceeds that come from the stocks, etc. acquired by a foreign investor, proceeds from the sale of stocks or equity shall be guaranteed in accordance with the details of the permission or report of the foreign investment contract.

– Equal national treatment
Except as otherwise prescribed by the Acts of the Republic of Korea, foreign investors and foreign-capital invested companies shall be treated in the same way as nationals of the Republic of Korea and Korean corporations in respect of their business operation.

※ Superior treatment to a resident in tax exemption or location selection

– Special exemption on capital goods at the import declaration

Capital goods which received the capital goods importation item confirmation in accordance with Foreign Investment Promotion Act are regarded as the income permit to provide convenience at the time of import declaration in accordance with the Foreign Trade Act

– Exemption on investment in kind

Ease of procedures under Commercial Act by considering the “completion confirmation on investment in kind confirmed by Commissioner of Customs as “the investigation report by an inspector” in accordance with article 203 of the Non-Contentious Case Litigation Procedure Act

o Tax reduction benefits
When a foreign investor engages in the tax reduction business specified in the “Tax Reduction Regulations on Foreign Investment” (high tech accompany business), such an entity may get reduction of national/ local taxes for a certain period of time

o Location support benefits

The land, factory and other state/ public properties (hereinafter called as “land”) owned by the government, local governments or public agencies may be used by, leased or sold to a foreign-invested company (it is available even not the subject to tax reduction).

– When the land, etc. owned by the government is leased to a foreign-invested company, the rents may be reduced

o Tariff reduction benefits

If the capital goods which are directly used in the tariff reduction business may get the reduction of tariffs in case such capital goods are introduced within 3 years from the date of investment filing according to the acquisition of newly issued stocks, etc.

– Capital goods which are imported as the object of investment by foreign investors