Monday, February 4, 2019

Invest Korea!

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Foreign direct investment (hereafter referred to as “FDI) in Republic of Korea has continuously increased. I’ve been often asked about how to invest in Korea by foreign investors. In this post, I’d like to briefly introduce the process of FDI.

First, what is FDI? Based on the first paragraph of the Article 2 of Foreign Investment Promotion Act, foreign investment means a foreign investor’s acquiring shares or stocks of a Korean corporation, a foreigner’s establishing or managing a Korean corporation and a foreign parent company’s lending money to a Korean corporation for more than five years.     

Second, when investing in a Korean corporation, a foreign investor will need a Korean business partner. Accordingly, FDI usually involves with entering into an investment agreement, for instance, a joint venture company agreement. If you are a foreign investor, please closely look into the terms of the agreement on the management issues.
   
Second, if you are to establish or manage a corporation with staying in Korea, you will have to get D8 visa. There are several sub-categories of D8 visa according to your investment type. Therefore, it is necessary to check out the requirements of the visa you are to receive. Basically, if you are to establish or manage a Korean corporation, you will be required to invest 100,000,000 KRW to it.

Third, it is required to make a report on foreign investment with details of a foreign capital inflow to a foreign exchange bank. The capital shall be transferred as a foreign currency in order to be acknowledged as a foreign investment.

Fourth, if a foreign investor establishes a new corporation in Korea, the process of establishment is quite complicated from drafting articles of association to electing directors. Or if a foreign investor is to acquire shares of an established corporation, it is necessary to check out if it is possible under current articles of association of the corporation, and if necessary, it is required to change the articles of association.

Fifth, whether a corporation is established or the shares or stocks of established are acquired by a foreign investor, commercial registration is needed.

Sixth, after the completion of investment, a corporation which is invested shall be reported to a foreign exchange bank in order for it to registered as a foreign-capital invested company. Additionally, the changes on the company including its name, address and ration of share shall be reported if there are any after the registration.  

I’d give you an overall view of the flow of FDI in Korea so the detailed explanation on the process is not provided in this post. If you have any further inquiries, please send me an email (yhwang618@gmail.com). My office is located near Seoul District Court and Gyodae subway station in Seoul.


All rights reserved.


Friday, September 28, 2018

[법률상담안내/ Legal Counselling]


[법률상담안내/ Legal Counselling]

보다 효율적인 법률 상담을 위하여
다음과 같이 안내 드립니다.
끝까지 읽어주세요 - :)

I would like to give you notice for more effective legal counselling process as follows;
Please read to the end of the notice - :)

<주요 담당 분야 / Legal Services Area>
- 이혼(국제이혼) / Divorce (International Divorce)
- 노무/Labor
- , 형사 / Civil Suit and Criminal Sue/Defense
- 비자 및 출입국 / Visa and immigration
- 국제투자 및 거래 / International Investment and Transaction

<언어/Language>
- 한국어, 영어/ Korean, English

<상담 진행 방식/ How to Receive Legal Advice>

* 이메일 문의는 한 분당 1회에 걸쳐 3문항까지 무료로 답변해 드리며
이메일 주신 후 48시간 이내 답변 드립니다.
추가적인 상담은 상담료가 부과됩니다.
- 이메일주소: yhwang618@gmail.com

* As for email inquiries, I provide free consultation for 3 questions one time for one person. I’ll reply to the inquiries within 48 hours from when the email is sent.
For additional inquiries, a fee for consultation would be charged.
- email address: yhwang618@gmail.com 


* 전화/방문 상담은 예약 후 가능하시며, 상담료가 부과됩니다.
- 상담 예약: 02-594-1237 (한국어)

Consultation via phone call or at my office needs a reservation, and a fee would be charged.

- Reservation(text messages only): +82-10-9270-7303 (English)
Please note that calls without making reservation will not be answered.

Tuesday, May 29, 2018

Can Bitcoin be confiscated?

비트코인의 재산가치를 인정하여 범죄 수익일 경우
몰수 대상이 될 수 있다는 판결.

The Korean Supreme Court firstly ruled that, if gained by committing a crime, bitcoin (a kind of cryptocurrency) may be also confiscated as its property values may be recognized.

Thursday, March 1, 2018

Legal consultation on Saturday!

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Quite a few of my clients have asked me if they may consult me on Saturday as they are too busy to visit my office on weekdays. In order to meet the needs, I’ve decided to provide legal consultation on Saturday. Accordingly, you may visit my office and consult me on Saturday.

Please do not forget to make a reservation via email (yhwang618@gmail.com) by Friday at the latest.

My office is located near Seoul District Court and Gyodae station in Seoul. 

Thank you!

Monday, February 12, 2018

Useful information on divorce under Korean Judicial system (attached links)

 
I attach links prividing information on divorce under Korean judicial system. You may grasp a general idea on how the process on divoce goes in Korea.
* Divorce through a trial
* Uncontested divorce (divorce by mutual agreement)

Tuesday, January 9, 2018

English Legal Service for Expatriates in Korea!

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I'm Yunjeong Hwang, an attorney at Korean law.           

I provide English legal service for expatriates in Korea.

My areas are immigration, divorce, lease and criminal defense as well as civil litigation.

I always try to find the best customized solutions for individual clients.    

If you have any further inquiries, please send me an email (yhwang618@gmail.com). My office is located near Seoul District Court and Gyodae station in Seoul. 




Invest Korea!

Embed from Getty Images Foreign direct investment (hereafter referred to as “FDI) in Republic of Korea has continuously increased. I’...