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Investment Support System

We introduce materials which give help to investment related to tourism investment.
Main Investment Support System Immigrant Investor Scheme Immigrant Investor Scheme for Public Business
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Immigrant Investor Scheme for Public Business

Introduction to IISPB

Enacted on May 27th, 2013 the Immigrant Investor Scheme for Public Business (IISPB) is a government program that gives F-2 Residential status to foreigners investing a certain amount money in either a public fund notified by the Minister of Justice, and the foreign investors will get F-5 Permanent Resident.

Investment Product Types and Procedure

A. Principal Guaranteed Investment

The Korea Finance Corporation, established by the Korean government and currently commissioned by the Ministry of Justice, has created and managed the public fund, that foreign investors put more than the requested investment money into.

And then, the Korea Finance Corporation lends the money to smaller businesses at low interest rates.

Investment Procedure

▶ The preliminary review of a foreign investor (Immigration office) ▶ The deposit of investment money (Korea Finance Corporation) ▶ The issuance of an F-2 permit (Immigration office)

B. Risk-based Investment

Foreigners invests more than the minimum amount of money in the development project of a less developed region notified by the Ministry of Justice in consultation with other relevant bodies.

Investment Procedure

▶ The notification of the investment region (Minister of Justice) ▶ The application for registration as a developer (Immigration office) ▶ The registration approved by the Minister of Justice (Immigration office) ▶ The preliminary review of a foreign investor (Immigration office) ▶ The signing of an investment contract/investment payment/payment confirmation ▶ The issuance of an F-2 permit (Immigration office)

Minimum Investment Amounts

People are required to invest more than 500 million KRW.

A retiree over 55 years old or older is required to invest more than 300 million KRW.

The domestic/international assets of a retiree and his/her spouse are worth more than 300 million KRW, and the domestic assets are more than 300 million KRW when applying for F-5 visa.

Investment Incentives

The investor, his/her spouse and unmarried children will be granted F-2 Resident status to freely work and run a business in Korea, and if the investor maintains the investments for 5 years, he/she will be granted F-5 Permanent Residency.

If the investor has gotten his/her investment money back before he/she obtains permanent resident status, he/she must leave Korea within 3 months of the refund unless there is a special circumstance to be considered.

Profit and Loss
Taean Tourism and Leisure City Facilities like a golf resort, a multi-functional high-tech complex, a theme park, etc. will be established in the area of 14.6 ㎢, and it is expected to accommodate 15,000 population. ▶ Visitors can enjoy the beautiful landscape of the Byeonsan Peninsula National Park and various water sports at beaches. - Period: 2007 ~ 2020 - Developer: Hyundai City Corporation - Contact: +82-041-674-6042 / www.latierra.co.kr Yeongam-Haenam Tourism and Leisure City Facilities like a golf resort, bio complex, etc. will be established in the area of 33.9 ㎢, and it will be expected to accommodate 38,300 population. ▶ The development areas are Districts of Sampo and Samho in Samho-eup and District of Guseong in Sani-myeon, Haenam. ▶ There are Wolchulsan (Mt.) and the Korea International Circuit near the city. - Period: 2006 ~ 2025 - Developer: Southwest Coast Enterprise City Development, Inc. etc. Korean Culture Theme Park in Yeongju A cultural tourist complex equipped with various facilities performance and martial arts will be established in the area of 9.2 ㎢ in Sunheung-myeon, Yeongju-si, Gyeongsangbuk-do. ▶ The region of Yeongju is a hometown of An Hyang (1243–1306), a leading Confucian scholar who introduced Neo-Confucianism to Korea during the Goryeo Dynasty, and is also famous for the Sobaek Mountain National Park, the Muryangsujeon Hall in Buseok Temple, the Sosu Seowon (Confucian academy), etc. - Period: 2013 ~ 2017 - Developer: The city of Yeongju, Gyeongsangbuk-do - Contact: +82-054-639-6575 Korean Culture Theme Park in Andong A multi-functional tourism complex where visitors can enjoy Korean folk culture, art, and games will be established in the area of in 5.2 ㎢ in Dosan-myeon, Andong, Gyeongsangbuk-do. ▶ Dosan-myeon is famous for the Hahoe Folk Village and the Dosan Seowon, which was built by Lee Hwang, one of the most renowned scholars in the Joseon Dynasty to nurture younger scholars. - Period: ~ 2016 - Developer: The city of Andong, Gyeongsangbuk-do - Contact: +82-054-840-5819 World Confucianism-Sunbi Culture Park in Andong A historic and tourist complex of Confucian facilities will be established in the area of 3.2 ㎢ in Dosan-myeon. - Period: ~ 2016 - Developer: The city of Andong, Gyeongsangbuk-do - Contact: +82-054-840-5819 National Baekdudaegan Forest Therapy Complex in Yeongju and Yecheon Facilities like Therapy Research Center, Mountain Herb Garden for Forest Healing, Health Improvement Center, etc. using affluent forest resources will be established in the area of ㎢ along the Baekdu mountain range (known as Baekdudaegan). - Period: ~ 2016 - Developer: Korea Forest Service - Contact: +82-1588-3249 / www.forest.go.kr 1-2 Projects of 1 and 2 are to build a multi-functional city where people can enjoy various attractions, leisure activities, and culturally rich environment in accordance with the 「The Special Act on Enterprise City Development」. The projects are designated as community development project by the Ministry of Land, Infrastructure, and Transport and the Ministry of Culture, Sports and Tourism while the Ministry of Justice designates them as projects subject to the Immigrant Investor Scheme for Public Business. 3-6 Projects of 3, 4, 5, and 6 are development projects approved by the Minister of Land, Infrastructure, and Transport, considering accessibility, business potential, development conditions, etc. while the Ministry of Justice designates them as projects subject to the Immigrant Investor Scheme for Public Business.