o Since capital goods are the object of investment for the incorporation of foreign-invested company, a foreigner should report the foreign investment application to the commissioned institution (bank or KOTRA (IK trade center, etc.)) and get the review/ confirmation from the filed commissioned institution before customs clearance by the competent customs house for the imported goods (capital goods). Meanwhile, the importing goods list reviewed/ confirmed form the commissioned institution shall be constituted to get the import permit regardless of related provisions of the Foreign Trade Law.

O After customs clearance, a foreigner should get the “certificate of contribution like-kind completion form the Commissioner of the Korea Customs Service (an office who IK Customs Service dispatched) with attachment of import declaration certificate (copy) and in this case, notwithstanding provisions of article 299 of the Commercial Act, the certificate of contribution like-kind completion of which the performance of contribution like-kind and the type, quantity, price, etc. were confirmed form the Commissioner of the Korea Customs Service (an office who IK Customs Service dispatched) is constituted as the inspector’s report and so it may be enclosed at the time of submitting documents for incorporation and foreign-invested company registration. 1-