Amending the Enforcement Decree of the Foreign Investment Promotion Act
05 Aug 2020
On 5 August 2020, amendments to the Enforcement Decree of the Foreign Investment Promotion Act entered into force. One of the changes has made it possible for the competent Minister or the heads of the relevant agencies to request a review to the Foreign Investment Committee of a foreign investment where there is a “high” possibility of leakage of core national technologies, as defined by the Act on the Prevention of Divulgence and Protection of Industrial Technology, and where a foreigner’s acquisition of de facto control over the management of an existing domestic company by acquiring its stocks, etc. may threaten national security.
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Entry and establishment (Approval and admission)
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