Total Population: 51.25 million (2016, World Bank)
GDP per Capita: USD 27,538 (2016, World Bank)
Human Development Index Rank: 18
Type of Investment Migration:
Option 1: D-8 Corporate / Foreign Investor Visa
Eligible applicants may fall within three different categories. All options for D-8 visa require a minimum investment of KRW 100 million (USD 90,000).
1. Working at a Foreign Investment Company
Applicant who is considered as an indispensable skilled worker planning to engage in management, administration, production or technology of an existing or a new Korean foreign investment corporation.
The applicant must have at least 10% of the total capital stocks of the company, voting right, or they must sign a contract dispatching and appointing executives by having some stock shares. The visa is issued for 5 years under this investment option.
2. Venture Business
Applicant who has established a venture business in the field of advanced technology in Korea. The visa is issued for 2 years under this investment option.
3. Investment in a business run by a Korean citizen
Applicant who has invested into a corporation run by a Korean citizen in accordance with the Foreign Investment Promotion Act, and they want to engage in management, administration, production or technology of that corporation as an indispensable skilled worker.
The investment must be at least 10% of the total investment capitals of the company, and the applicant must be registered as the co-founder with the other Korean CEO on the business registration certificate.
The visa is issued for 2 years under this investment option.
Option 2: Immigrant Investor Scheme for Real Estate
Applicants who invest at least KRW 500 million (USD 500 000) in a real estate can acquire permanent residence under the Immigrant Investor Scheme for Real Estate (IISRE). Depending on the region, the required investment is between KRW 500 million – 700 million. Initially, F-2 visa is issued to the applicant. Permanent residency (F-5 visa) is granted if the investor maintains their investment for minimum of 5 years.
Dependents can be included.
Option 3: Immigrant Investor Scheme for Public Business
The IISPB is a government program that gives F-2 residential status to investors. It consists of two investment options, both requiring a minimum investment of KRW 500 million (USD 500 000). For retired applicants, aged over 55 years, the minimum investment requirement is KRW 300 million (USD 270 000).
A. Principal Guaranteed Investment
The investment is deposited into a public fund, managed by the Korea Finance Corporation which lends loans to smaller Korean businesses at low interest rates.
B. Risk-based Investment
This option requires more than the minimum investment requirement (KRW 500 million) which is invested in a development project of a less developed region notified by the Ministry of Justice.
Access to permanent residency (F-5 visa) if the investments are maintained for 5 years.