Search
Contact
Login
Share this article
On June 10, the Ministry of Justice and Korea Immigration Service announced a new residence stream for investors in public projects. The Immigrant Investor Scheme for Public Business, which became available on May 27, confers F-2 residential status and can be converted to permanent residence status after five years of investment.
The new program applies to those who invest at least KRW 500 million ($450,000) or, if they are age 55 or older, invest at least KRW 300 million and have assets amounting to at least KRW 300 million. To qualify for the program, the investments must be made in specific public investment products offered by the Ministry of Justice. These include:
In addition, individuals who invest a specific combined amount in both the Immigrant Investor Scheme for Public Business and the Immigrant Investor Scheme for Real Estate may be eligible to apply for F-2 residential status.
For additional information on Korean immigration matters, please contact GlobalVisaGroup@bal.com.
Copyright © 2016 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries please contact copyright@bal.com.
The U.S. Department of Labor has posted updated processing times for permanent labor certification (PERM) applications. PERM Processing: As…
Immigrant visa issuance continued to climb in fiscal year 2023, surpassing pre-pandemic totals, according to recently published State…
EU member states’ ambassadors have agreed on a draft regulation that would let the EU suspend visa-free travel for countries…
U.S. Citizenship and Immigration Services announced this week that it will implement a streamlined process to provide Employment…