Republic of Korea: Implementation of significant revisions to the Foreign Investment Promotion Act
Description
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…
Scope
Policy Area
Foreign direct investment
Policy Instrument
MNE: Financial incentive
Regulated Economic Activity
ML and AI development, other service provider
Implementation Level
national
Government Branch
legislature
Government Body
parliament