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Foreign Direct Investment (FDI)

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Woori Bank is the market leader in FDI as of Year 2023, and has accumulated experience in FDI since the passage of the Foreign Investment Promotion Act in 1998.

Summary

What is Foreign Direct Investment (FDI)?

Foreign direct investment refers to a foreigner’s acquisition of stocks/ownership of a Korean company with purpose of participating in management, following the below criteria:

Investment ratio: greater than 10% (total voting stocks issued divided by total capital / contribution amount)

Minimum investment amount: KRW 100,000,000

You can get more detailed sales information by visiting overseas branches.

※ Investments in the form of long-term loans (5+ years) are also recognized as FDI for foreign-invested companies registered according to the above criteria.

FDI Procedure

e.g.) Procedure of FDI through Acquisition of Newly Issued Stocks

Procedures for Foreign Direct Investment

(Incorporation / Capital Increase)

Notify investment

- Notifier

  Foreign investor or his/her agent

- Required documents

  Documents certifying the applicant’s nationality, Letter of attorney (where an agent who has received the right to represent a foreign investor makes notification)
Remit investment funds

- Remittance Information

  Account Number (8202-2002-3980)

  SWIFT CODE: HVBKKRSE

  Sender: foreign investor

- Cash carried through customs

  Bring a certificate of notification of foreign exchange
Pay for shares

- Transfer of paid-in capital to corporate account

  Woori Bank issues a ‘Certificate of safekeeping of share payment’

  A statement of bank balance can be issued instead if the total capital of a company is less than KRW 1 billion
Register incorporation (capital increase) and business

- Registration Organization

  Corporate registration : jurisdictional court

  Business registration : tax office
Receive registry as foreign investment company

- Investor

  Foreign Investor or foreign-invested enterprise or an agent

- Required documents

  Stock ledger or documents certifying that the payment for stocks has been transferred, notarized power of attorney (when reported by delegated authority)