Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
S Korea to soften entry rules for foreign investors
+ -
17:02, February 10, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 S Korean consumers return to real estate market
 S Korea's new finance minister predicts negative economic growth for 2009
 S Korea's anti-trust watchdog launches Miranda rule
 Moody's downgrades S Korean banks' credit ratings
 S Korean imported car sales falls sharply in Jan.
 Comment  Tell A Friend
 Print Format  Save Article
South Korea will soften entry rules for business travelers in an effort to vitalize foreign investment in the nation's free economic zones, the government said Tuesday.

The revised rule grants rights to go through express immigration desks even to prospective investors who have not signed a formal investment contract, while the current rule permits only those who have already invested in the nation, officials told local media.

According to the Ministry of Knowledge and Economy, the revised rule will go into effect next month.

The special benefit will be offered to business people who have submitted or signed memorandums of understanding or letters of intent, even if no formal deal has been reached yet, a ministry official said.

Under the revised rule, prospective investors, who plan to invest 10 million or more U.S. dollars in manufacturing industry or 5 million or more U.S. dollars in distribution industry, may take advantage of entering through the express desks, the ministry said.

The revision is in line with the government's movement to attract more investment into free economic zones that the nation is currently constructing.

Source: Xinhua

  Your Message:   Most Commented:
2009 Spring Festival
Why does Israel push for truce in Gaza?
U.S. Airways jet's engines lost power simultaneously
Nation can be first to 'recover'
"In Utah, I Get Zero Respect!", Interview with Utah Governor Jon M. Huntsman, Jr.

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved