Are there any business categories where a foreigner cannot invest alone and should have a Korean partner to invest in Korea?

1
Denzel Ramos
November 11, 2021
qna No. 1706
Luna said, In most business categories, a foreigner can invest alone in Korea without a Korean partner. However, a foreigner should have a Korean partner to invest in “restricted business categories” and there are restrictions as to the percentage of stocks or shares that can be held by a foreign investor.

Do foreigners have to file taxes in Korea?

1
Jhon Ace Simbulan
November 9, 2021
qna No. 1371
Luna said, When you file the tax your nationality is not directly related but It is determined by whether you are a resident or non-resident as stipulated by Korean tax laws. If you are a resident of the Korean tax law, you must file a tax return and pay for income earned in Korea, even if you are not holding Korean nationality. Residents prescribed by Korean tax law can be defined as those who have an address in Korea or have a residence for more than 183 days.

How do I export my product to Korea?

Edgar Santiago
November 5, 2021
qna No. 1269

What is FDI in Korea?

1
Edgar Santiago
qna No. 1267
Luna said, Foreign Direct Investment (FDI) is defined as an investment with an investment threshold contributed by foreigners amounting to at least KRW 100 million and being 10% or more of the total amount. Foreigners are able to do business in Korea without restraint, except as otherwise prescribed by regulations. Types of FDI include the acquisition of stocks of domestic companies, long-term loans (five or more years) from parent companies outside Korea, and investments in non-profit corporations in the fields of science and technology. Cases in which a foreign company uses unappropriated earned surpluses for building new or additional factories are now also considered FDI (to be enforced by 2020). Objects of investment to acquire stocks or shares include foreign currency, capital goods, proceeds from acquired stocks, etc., and industrial property rights.

Can foreigners invest in South Korea?

1
Edgar Santiago
qna No. 1265
Luna said, Yes, they can! although investors must know first the laws and guidelines when it comes to investing in South Korea. You can check this government website for more information: https://www.investkorea.org/ik-en/index.do

Do you need a visa to work in South Korea?

Cai Quijano
qna No. 1264

Where to find jobs?

Cai Quijano
qna No. 1263

What’s it like to work in South Korea?

Cai Quijano
qna No. 1261

What jobs can foreigners do in Korea?

Cai Quijano
qna No. 1258

How to report food imports for business?

1
Edgar Santiago
qna No. 1254
Luna said, If you want to import food (including food containers) for sale or business purposes, you have to file an import declaration with the Minister of Food and Drug Safety. Even if an internet purchasing agent such as imported food intends to file an import declaration, Even for a purchasing agent, the declaration is needed to be submitted to the head of the Local Food and Drug Administration which manages the place of customs clearance for imported food.

Can I start my own business in South Korea?

Edgar Santiago
qna No. 1251

What documents do I need t prepare to enter Korea?

JaeHo Song
qna No. 1250

Transportation

1
Jhon Ace Simbulan
November 2, 2021
qna No. 1247
Luna said, Unfortunately, Grab or Uber is not available in Korea. Uber had launched in Seoul in 2013, however, due to regulations and the taxi industry’s resistance, Uber was ordered to stop operations in 2015. Grab never entered the market.

Driver’s question

1
Edgar Santiago
qna No. 1226
Luna said, Yes, but you must convert it to a Korean Driver's license. You will need your driver's license, passport, alien registration card, seal (signature possible), copies of pictures (3 X 4 cm) for the conversion documents. Make sure that the country on your passport must be the same as the country on your driver's license You also need a notary of translation of foreign driver license (except English) and verification from the consulate general (US, England, France, Canada, Germany, Japan, and Spain). If your driver's license issue date is not present, confirmation of the issue date must be provided. You can also drive legally in Korea with an international Driving Permit for 1 year. But, the foreign license must not expire during that period.

Can I rent a car?

2
Denzel Ramos
qna No. 1224
Luna said, You can check their websites for more information: SK - www.skcarrental.com Lotte - www.lotterentacar.net

Can you suggest a cheap way to travel around South Korea?

2
Edgar Santiago
qna No. 1221
Luna said, You can acquire a Transportation Card to help you minimize your expenditures for transportation. Check your options here: https://english.visitkorea.or.kr/enu/TRP/TP_ENG_8_1_1.jsp https://english.visitkorea.or.kr/enu/TRP/TP_ENG_8_1_2.jsp

What do I do if my visa was refused?

1
Jhon Ace Simbulan
November 1, 2021
qna No. 1197
Luna said, You may refer to the refusal letter attached by the concerned Embassy to your passport. It will contain information as to when you can re-apply after you are refused.

Do I have to submit my Visa application personally or can another person do it for me?

1
Jhon Ace Simbulan
qna No. 1195
Luna said, All applicants need to fill in complete and clear details in their application in person. However, applicants may submit their applications through authorized Representatives or Travel Agents.

May I Apply for a K-ETA for a friend?

1
Jhon Ace Simbulan
October 28, 2021
qna No. 1175
Luna said, Yes, You can also apply for other people at the same time and pay once for all, up to a maximum of 30 people. K-ETA fee is 10,000 KRW (additional fees excluded). You can use debit cards or global credit cards such as VISA, Master, JCB, or Express to pay the fee. Generally, the application will be automatically approved within 10 - 30 minutes, but if any issue arises, the K-ETA official will check and determine the traveler as "Selectee" or "Not OK" within 24 hours. * Selectees will be sent to secondary inspection upon entry and will undergo an interview. * If you are determined as "Not OK", you must apply for a Visa instead.

What documents are required to apply for a K-ETA?

1
Jhon Ace Simbulan
qna No. 1170
Luna said, To submit a South Korea K-ETA application, it is first necessary to meet the South Korea visa requirements. The following documents are required for a South Korea ETA online application: - valid passport from an eVisa-eligible country - valid debit or credit card to pay the Korea ETA fee - current email address at which to receive a copy of the approved ETA for South Korea - passport-sized photo in color. Once approved, applicants will be able to present a printed copy of the approved K-ETA alongside their passport to gain entry to South Korea at a border entry point. The passport you use to travel to South Korea must be the same one used to complete the ETA application form. Dual nationals with multiple passports should keep this in mind.

What should I do if my K-ETA application is denied?

1
Jhon Ace Simbulan
qna No. 1155
Luna said, If you are not eligible to apply for K-ETA or travel to Korea for purposes not covered by K-ETA you may apply for a visa instead.

How long can I stay in Korea without a Visa?

1
Jhon Ace Simbulan
qna No. 1141
Luna said, 30 - 90 days, depending on your nationality, if you plan to extend your stay, you have to apply for a Visa.

What is KETA?

2
Jhon Ace Simbulan
qna No. 1137
Luna said, You may apply for K-ETA here: www.k-eta.go.kr for a fee of 10,000 KRW

Additional requirements I need to provide to travel to Korea?

1
Jhon Ace Simbulan
qna No. 1134
Luna said, Apply for a K-ETA visa waiver, if you wish to enter Korea Visa-free. - You might need a visa If you're planning to stay for a duration of 30 - 90 days, and your nationality is not listed under Korea's visa waiver program, or your K-ETA application is denied for some reason. - Proof of vaccination, If not fully vaccinated, you may show proof of negative PCR test result taken no more than 1 day before departure. - Facility Quarantine Agreement, Consent to Quarantine Form, and/or Health Condition Report Form.

Do I need to apply for a Korean Visa to travel to Korea?

1
Jhon Ace Simbulan
October 21, 2021
qna No. 588
Luna said, Depending on your nationality, duration of your stay and reasons to travel. If your nationality is included in visa waiver countries, you can enter Korea without a visa as long as the purpose of your visit is tourism or a temporary visit. If you want to engage in profitable activities such as employment, you must apply for a Korean visa suitable for your travel purpose. Note that due to the current pandemic, you are required to apply for a Korean Electronic Travel Authorization (K-ETA). If your reason to travel is not covered by the scope of K-ETA or your application for K-ETA is denied, you will have to apply for a Visa. You can search the internet if your nationality is included in Korea's visa waiver program.

I want to know if foreigners can get into Korea without any trouble.

JAEHO iPhone
qna No. 556

How can I get to Chuam Chotdaebawi Rock?

JaeHo Song(N)
qna No. 552
siwh6jdpj6@privaterelay.appleid.com said, yes. I been there several times. it’s in samchuck city. it’s a famous site.

Hello, there. This is JaeHo Song.

JaeHo Song
October 12, 2021
qna No. 170

Do I have to visit a licensed administrative agent office to apply for Public Investor Immigrant Scheme?

Ureka Ebilion
qna No. 157

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