This is a system that grants Resident (F-2) status for free economic activities to foreign investors who have invested more than the standard amount in the real estate (tourism/leisure facilities)
within the investment areas designated and announced by the Minister of Justice, and further grants Permanent Resident (F-5) status according to certain standards if the investment is maintained for 5 years.
STEP.01 Preliminary Evaluation
Preliminary Evaluation enhances the investment process by assessing a foreign investor’s eligibility for the status of stay in Korea in advance.
STEP.02 Remitting the Investment
Required to prove that the investment is from foreign capital
STEP.03 Investment Confirmation and Change of Status to F-2
Required to change the status to F-2 after the investment is concluded
STEP.04 Conditions for maintaining the investment
Investment is NOT maintained in case of Collateral, Seizure, or Taking out a loan
*Depending on the price of real estate, profits and/or loss can both occur.
*For details on investment facilities per investment area, please refer to a separate announcement.
Order | Investment Location | Minimum Investment Amounts | Period |
---|---|---|---|
1 | Jeju Special Self-Governing Province | (million KRW) | 2020-02-01 ~ 2026-04-30 |
2 | Hwayang District, Yeosu | (million KRW) | 2016-07-11 ~ 2024-12-31 |
3 | Jeongdongjin District, Gangneung, Gangwon-do | (million KRW) | 2016-02-01 ~ 2024-12-31 |
4 | Dongbusan Tourism Complex, Busan | (million KRW) | 2013-05-20 ~ 2026-05-19 |
5 | Busan Haeundae Tourist Resort, Busan | (million KRW) | 2013-05-20 ~ 2026-05-19 |
6 | Songdo International City, Incheon | (million KRW) | 2011-11-01 ~ 2026-04-30 |
7 | Cheongna International City, Incheon | (million KRW) | 2011-11-01 ~ 2026-04-30 |
8 | Yeongjong District, Incheon | (million KRW) | 2011-11-01 ~ 2026-04-30 |
9 | Gyeongdo Marine Tourism Complex, Yeosu | (million KRW) | 2011-08-19 ~ 2026-04-30 |
10 | Pyeongchang Alpensia, Gangwon-do | (million KRW) | 2011-02-14 ~ 2026-04-30 |