o The foreign investment by the long-term loan arise when a private foreign individual provides a loan for more than 5 years (based on the lending period specified at the time of initial loan agreement) to a foreign parent corporation, an applicable foreign investor or a company which has capital investment relationships with a foreign parent company.

o Applicant and a report receipt agency

– Applicant: Direct filing by a foreigner or filing by an agency

– The application receipt agency: Head office or branch of domestic banks, foreign banks’ branches of in Korea, KOTRA (Domestic trade center and 36 international stronghold trade center)

o Documents to be submitted

– An application of foreign investment by the long-term loan

– A copy of document which proves it is from a foreign parent CO or there are investment relationships with a parent company

– A copy of document which proves it is from a foreign investor or there are capital investment relationships with a foreign investor

– A copy of the loan agreement

– Certificate of nationality