Protection of foreign investment
Guarantee of foreign remittance- The proceeds that come from stocks acquired by a foreign investor, proceeds from the sale of stocks, and the principal and fees paid in accordance with the Loan Agreement under the Foreign Investment Promotion Act are guaranteed to be transferred according to the declaration contents or permission contents of the foreign investment at the time of remittance (Article 3 (1) of the Foreign Investment Promotion Act).
National treatment- Foreign investors and foreign-invested companies are treated equally for their business as a Korean citizen or a Korean corporation or company, except as otherwise provided for in the law (Article 3 (2) of the Foreign Investment Promotion Act).
Exclusion of discrimination in tax reduction regulations- Except as otherwise provided for in the law, the provisions concerning reduction or exemption in the Tax Act that apply to Korean citizens and Korean corporations or enterprises also apply to foreign investors, foreign-invested companies, and loan borrowers under the Foreign Investment Promotion Act (Article 3 (3) of the Foreign Investment Promotion Act).