Republic of Korea: FDI regulations expanded through revised Foreign Investment Promotion Act
Progress
Current status
in force
05 Aug 2020 in force
Scope
Implementers
Republic of Korea
Policy Area
Foreign direct investment
Policy Instrument
MNE: Financial incentive
Regulated Economic Activity
ML and AI development
other service provider
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
Implementation of significant revisions to the Foreign Investment Promotion Act
On August 5th, 2020, the Korean Ministry of Trade, Industry, and Energy (MOTIE) implemented significant revisions to the Foreign Investment Promotion Act. One key revision is that 2,990 technologies in 33 sectors, mainly related to cross-cutting tec…
SourceEvent type
law
Action type
implementation
Government branch
legislature
Government body
parliament