📋 Korean Law Insight | Foreign Investment
By Attorney NOH UJIN | HANBYOL LAW LLC, Seoul
Korean Securities Law and Stock Market Regulation for Foreign Investors
South Korea's capital markets have become increasingly attractive to foreign institutional and retail investors. With a market capitalisation exceeding USD 1.8 trillion, the Korea Exchange (KRX) ranks among Asia's top five exchanges. Yet navigating Korea's layered regulatory architecture — centred on the Financial Investment Services and Capital Markets Act (FSCMA, 자본시장과 금융투자업에 관한 법률) — requires a thorough understanding of disclosure obligations, licensing requirements, short-selling rules, and insider trading prohibitions that differ materially from comparable regimes in the United States, the European Union, or Japan.
This guide, prepared by HANBYOL LAW LLC, explains the key legal frameworks, practical compliance steps, and recent regulatory developments that every foreign participant in Korean capital markets should know.
1. Regulatory Architecture
1.1 The Financial Services Commission (FSC) and Financial Supervisory Service (FSS)
Policy-making authority sits with the Financial Services Commission (금융위원회, FSC), a cabinet-level body that drafts and amends the FSCMA and its subordinate regulations. Day-to-day supervision, examination, and enforcement are delegated to the Financial Supervisory Service (금융감독원, FSS), a quasi-governmental agency. Foreign firms seeking to establish a brokerage, asset management company, or investment advisory presence in Korea must obtain FSC authorisation and remain subject to ongoing FSS examination.
1.2 Korea Exchange (KRX)
The Korea Exchange (한국거래소, KRX) operates three main markets: KOSPI (large-cap equities), KOSDAQ (growth companies and technology firms), and KONEX (start-ups and SMEs). KRX also operates the Korea Bond Market and the Korea Derivatives Market. Each market has distinct listing requirements; KOSPI, for example, demands a minimum net asset value of KRW 30 billion and a three-year operating history for general listings.
1.3 Korea Securities Depository (KSD)
Settlement and custody are handled by the Korea Securities Depository (한국예탁결제원, KSD). Foreign investors must open accounts through KSD-approved domestic custodians, and all securities transactions settle on a T+2 basis.
2. Foreign Investor Registration and the QFI System
Prior to 2023, all foreign investors were required to register as Foreign Investors (외국인투자자) with the FSS through the Foreign Investor Registration Certificate (FIRC) system. In a landmark reform effective 1 January 2023, Korea replaced the FIRC system with the Qualified Foreign Investor (QFI) registration system, aligning with international best practices.
Under the QFI framework:
- Foreign institutional investors (pension funds, sovereign wealth funds, asset managers) register directly with the FSS as QFIs.
- Foreign retail investors must transact through a Korean securities firm or a registered foreign broker-dealer.
- QFIs are exempt from certain short-term capital gains taxes on listed equities under applicable tax treaties.
- Beneficial ownership disclosure is required when a QFI's aggregate holding in a single listed company reaches 5% (FSCMA Article 147), with additional filings triggered at every 1% change thereafter.
3. Listing Requirements and Initial Public Offerings (IPOs)
Foreign companies wishing to list on KRX must comply with both KRX Listing Rules and FSCMA securities issuance provisions. Key requirements include:
- Prospectus (투자설명서): A full-disclosure prospectus must be filed with and approved by the FSC. It must include audited financial statements (IFRS or K-IFRS) for at least three years.
- Continuous Disclosure: Listed companies must disclose material facts (중요사항 공시) within one trading day. Events triggering disclosure include mergers, major asset disposals, significant litigation, and changes in controlling shareholders.
- Quarterly and Annual Reports: Under FSCMA Article 159, all listed companies must file quarterly business reports (분기보고서) and annual business reports (사업보고서) with the DART (Data Analysis, Retrieval and Transfer System) disclosure platform operated by the FSS.
4. Short-Selling Regulation
Korea's short-selling framework has been among the most debated in Asia. Following a complete ban implemented in November 2023 (extended in part through 2024), the FSC introduced a restructured regime effective March 2025:
- Naked short-selling (무차입공매도) remains permanently prohibited under FSCMA Article 180. Violations carry criminal penalties of up to 1 year imprisonment or a fine of up to KRW 30 million, with civil disgorgement of illegal profits.
- Covered short-selling (차입공매도) is permitted only for institutional investors and QFIs who maintain a central short-position register with KRX and report positions exceeding 0.01% of issued shares.
- Individual (retail) investors remain restricted from short-selling except through licensed securities lending programmes.
5. Insider Trading and Market Manipulation
FSCMA Articles 174–178 prohibit insider trading, market manipulation, and the use of fraudulent means in securities transactions. "Insiders" are broadly defined to include officers, directors, major shareholders (5%+), and any person who received material non-public information (MNPI) from an insider within six months of the trade.
Penalties are severe: criminal imprisonment up to ten years, fines up to five times the illegal profit, and disgorgement. The FSS maintains a dedicated Market Surveillance Division that employs AI-based pattern-recognition tools to flag suspicious trading activity.
A notable recent case involved a foreign hedge fund whose Korean affiliate was fined KRW 4.5 billion for trading ahead of a block-deal announcement, underscoring the FSS's willingness to pursue extraterritorial violations.
6. Tender Offers and Mandatory Bid Rules
Under FSCMA Article 133, an acquirer must launch a mandatory tender offer (공개매수) if, after the acquisition, it would hold 5% or more of a listed company and has already crossed the 5% disclosure threshold through on-market purchases within six months. The tender offer price must be at least equal to the highest price paid in the preceding six months.
For acquisitions exceeding 25% of voting shares in a listed company, the mandatory tender offer is required regardless of the acquisition method, protecting minority shareholders.
7. Foreign Ownership Restrictions
Korea maintains sector-specific foreign ownership caps under the Foreign Investment Promotion Act (외국인투자촉진법, FIPA) and sector-specific statutes:
- Broadcasting: Foreign ownership capped at 49% (terrestrial) or 100% (cable, satellite) under the Broadcasting Act.
- Telecommunications: Up to 49% for dominant carriers under the Telecommunications Business Act.
- Air transport and maritime: Restrictions apply under respective sectoral laws.
- Korea Electric Power Corporation (KEPCO): Government must retain a 51% stake; foreign ownership capped at 49%.
Crossing a restricted ownership threshold without prior FSC approval constitutes a violation subject to mandatory divestiture orders and fines.
8. Derivatives and Alternative Investment Vehicles
Foreign investors may access Korean derivatives through KRX's KOSPI 200 futures and options, USD/KRW futures, and interest rate derivatives. However, participation in over-the-counter (OTC) derivatives requires a registered counterparty relationship with an FSC-licensed dealer.
Foreign private equity funds and hedge funds operating in Korea must register as Collective Investment Schemes (집합투자기구) under FSCMA Chapter 6 if they solicit Korean investors. Exempt funds (offshore vehicles with no Korean solicitation) are not required to register but must appoint a Korean tax representative.
9. ESG Disclosure and Stewardship Code
Korea's stewardship code (한국 스튜어드십 코드), introduced in 2016 and revised in 2023, encourages institutional investors to actively engage with portfolio companies on governance, environmental, and social matters. Although voluntary, the FSC has signalled mandatory ESG disclosure for KOSPI 200 companies beginning 2026, aligning with ISSB standards (IFRS S1/S2). Foreign investors are not directly subject to the stewardship code, but are expected to comply with disclosure norms of their home jurisdictions when relevant.
10. Dispute Resolution and Investor Protection
The Korea Financial Investment Association (KOFIA) operates an investor protection bureau that handles complaints and mediates disputes between investors and securities firms. For cross-border disputes, the Korea Commercial Arbitration Board (KCAB) provides specialised financial arbitration services. Foreign investors may also resort to Korean courts; the Seoul Central District Court and the Seoul High Court have dedicated commercial divisions experienced in securities litigation.
Investors who suffer losses due to false or misleading prospectuses may bring class-action style representative suits under FSCMA Article 125 (civil liability for false registration statements) or the Class Action Act (증권관련집단소송법), which permits representative actions for securities fraud involving 50 or more affected investors.
Frequently Asked Questions (FAQ)
Q1: Do I need to register before buying Korean stocks as a foreign individual investor?
A: Since January 2023, individual foreign investors no longer need to obtain a Foreign Investor Registration Certificate (FIRC). You may open an account through any FSC-licensed Korean brokerage or through an international broker with Korean market access. Your broker will handle KSD account setup and tax withholding on dividends and capital gains.
Q2: What are the withholding tax rates on Korean securities income for foreign investors?
A: Dividends from Korean listed companies are subject to a 22% withholding tax (20% corporate income tax + 2% local surtax). Capital gains on listed equities are generally exempt for QFIs from treaty countries, provided no short-term trading pattern exists. Interest on Korean corporate bonds is subject to 22% withholding, reducible under applicable tax treaties (e.g., 10% under the Korea–US treaty).
Q3: Can a foreign company list on KOSDAQ without a Korean operating subsidiary?
A: Yes. Foreign companies may list on KOSDAQ through a "foreign company special listing" track (외국기업 특례상장). Requirements include audited financials under IFRS, a Korean designated adviser (지정자문인), and appointment of a Korean IR representative. The FSC also permits Depositary Receipts (DRs) for foreign companies unable to meet full listing standards.
Q4: What constitutes "material non-public information" (MNPI) under Korean law?
A: Under FSCMA Article 174(1), MNPI includes any fact that has not been publicly disclosed and that, if disclosed, would be reasonably likely to affect the investment decision of a reasonable investor. Specific examples include undisclosed earnings, pending mergers, regulatory approvals, and significant contract awards. The prohibition extends to tippees who receive MNPI from insiders within six months of the relevant trade.
Q5: How are cross-border securities offerings regulated in Korea?
A: Foreign issuers offering securities to Korean investors — whether via public offering, private placement (사모), or online crowdfunding — must comply with FSCMA registration requirements or qualify for an exemption. The most common exemption is the QIB (Qualified Institutional Buyer) exemption for private placements to fewer than 50 qualified professional investors. Public offerings always require FSC registration and a Korean-language prospectus.
Q6: What are the reporting obligations when acquiring a significant stake in a Korean listed company?
A: At 5% ownership, a Schedule 13D-equivalent report (주식대량보유상황보고서) must be filed within five business days. Subsequent changes of 1% or more must be reported within five business days. At 10% or more, a separate large-shareholder report (주요주주보고서) is required within ten business days of crossing the threshold.
Q7: Are there restrictions on repatriating capital or dividends from Korean investments?
A: Korea operates a relatively open capital account. Under the Foreign Exchange Transactions Act (외국환거래법, FETA), foreign investors may freely repatriate investment proceeds, dividends, and interest payments after settling applicable withholding taxes. Advance reporting to a designated foreign exchange bank is required for transactions exceeding USD 50,000, but approval is not required for standard investment returns.
Q8: What should I do if I suspect market manipulation in a Korean security I am trading?
A: Report suspicious activity to the FSS Market Surveillance Division (시장감시국) through its online reporting portal. As a victim of securities fraud, you may also file a criminal complaint with the Supreme Prosecutors' Office Financial Investigation Unit or initiate a civil claim in the Seoul Central District Court. HANBYOL LAW LLC can assist in both regulatory reporting and civil litigation.
Comparison: Korea vs. Key Jurisdictions
| Item | Korea (KRX) | USA (NYSE/NASDAQ) | Japan (TSE) |
|---|
| Primary Securities Law | FSCMA (2009) | Securities Exchange Act (1934) | FIEA (2006) |
| Foreign Registration | QFI system (2023) | No registration required | No registration required |
| Short-selling for retail | Restricted | Permitted with margin account | Restricted (borrowed shares only) |
| 5% disclosure trigger | Yes (5 business days) | Yes (10 days via 13D/13G) | Yes (5 business days) |
| Mandatory tender offer | 25% threshold | No mandatory bid rule | 33.3% threshold |
| Dividend withholding tax | 22% (treaty-reducible) | 30% (treaty-reducible) | 20.42% |
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📋 韩国法律解析 | 外国投资
作者：NOH UJIN 律师 | HANBYOL LAW LLC，首尔
外国投资者须知：韩国证券法与股票市场监管
韩国资本市场对外国机构和散户投资者的吸引力日益增强。韩国交易所（KRX）市值超过1.8万亿美元，跻身亚洲前五大交易所之列。然而，导航韩国以《资本市场与金融投资业法》（FSCMA）为核心的多层监管架构，需要对披露义务、牌照要求、卖空规则及内幕交易禁令有深入了解，这些规则与美国、欧盟或日本的可比制度存在实质性差异。
一、监管架构
1.1 金融委员会（FSC）与金融监督院（FSS）
政策制定权归属于内阁级机构金融委员会（FSC），负责起草和修订《FSCMA》及其下位法规。日常监督、检查和执法工作由准政府机构金融监督院（FSS）负责。外国公司在韩国设立券商、资产管理公司或投资顾问机构，须取得FSC授权，并接受FSS持续检查。
1.2 韩国交易所（KRX）
KRX运营三个主要市场：KOSPI（大市值股票）、KOSDAQ（成长型企业和科技公司）及KONEX（初创企业和中小企业）。各市场有不同的上市要求；KOSPI对一般上市要求最低净资产300亿韩元和三年经营历史。
二、外国投资者登记与QFI制度
2023年1月起，韩国以合格外国投资者（QFI）登记制度取代了原有的外国投资者登记证（FIRC）制度。QFI框架下，外国机构投资者直接向FSS登记，外国散户投资者须通过韩国券商或已登记的外国经纪商进行交易。持有单一上市公司5%或以上股份时，须依据《FSCMA》第147条进行披露，此后每变动1%须进行追加申报。
三、卖空监管
裸卖空（无借券卖空）依据《FSCMA》第180条永久禁止，违者可被判处最高1年有期徒刑或最高3000万韩元罚款。有借券卖空自2025年3月起仅对机构投资者和QFI开放，且须在KRX维护中央卖空持仓登记，并报告超过已发行股本0.01%的头寸。
四、内幕交易与市场操纵
《FSCMA》第174至178条禁止内幕交易、市场操纵和证券交易中的欺诈行为。"内部人"的定义宽泛，包括交易前六个月内从内部人处获取重大非公开信息的任何人。刑事处罚最高可达10年有期徒刑和五倍非法所得的罚款。
五、要约收购与强制要约规则
根据《FSCMA》第133条，收购方通过市场购买跨越5%披露门槛后，若再次购入导致持股达5%以上，须发起强制公开要约收购（公开收购）。收购上市公司25%以上有表决权股份时，无论收购方式如何，均须进行强制要约收购，以保护少数股东。
六、跨境证券发行监管
向韩国投资者发行证券的外国发行人，无论通过公开发行、私募还是网络众筹，均须遵守《FSCMA》登记要求或符合豁免条件。最常见的豁免是向50名以下合格机构买家（QIB）进行私募的豁免。公开发行须进行FSC登记并提供韩语招股书。
常见问题（FAQ）
Q1：外国个人投资者购买韩国股票是否需要事先登记？
A：自2023年1月起，外国个人投资者无需办理外国投资者登记证（FIRC）。可通过任何FSC持牌韩国券商或具备韩国市场准入的国际经纪商开户，券商将负责处理KSD账户设置及股息和资本利得的代扣缴税。
Q2：外国投资者在韩国证券收入的预提税率是多少？
A：韩国上市公司股息适用22%预提税（20%企业所得税+2%地方附加税）。在适用税收协定的情况下，来自协定国的QFI所获上市股票资本利得通常豁免。韩国公司债券利息适用22%预提税，可依适用税收协定降低（如韩美税收协定下降至10%）。
Q3：外国公司是否可以在没有韩国经营子公司的情况下在KOSDAQ上市？
A：可以。外国公司可通过"外国企业特例上市"通道在KOSDAQ上市，要求包括IFRS审计财务报表、韩国指定顾问（지정자문인）及韩国IR代表。FSC还为无法满足完整上市标准的外国公司提供存托凭证（DR）上市途径。
Q4：收购韩国上市公司重大股权的报告义务有哪些？
A：持股达5%时，须在5个工作日内提交大量持股报告。此后持股变动1%或以上，须在5个工作日内进行报告。持股达10%或以上时，须在跨越门槛后10个工作日内提交主要股东报告。
Q5：如何从韩国投资中汇回资本或股息？
A：根据《外国汇兑交易法（FETA）》，外国投资者在结清相应预提税后，可自由汇回投资收益、股息和利息。超过5万美元的交易须向指定外汇银行进行事先报告，但对标准投资收益不需要获得批准。
📌 官方参考资料
📚 相关文章
📋 韓国法律インサイト | 外国投資
執筆：NOH UJIN 弁護士 | HANBYOL LAW LLC、ソウル
外国投資家向け：韓国証券法と株式市場規制の完全ガイド
韓国の資本市場は、外国の機関投資家および個人投資家にとって魅力的な市場となっています。韓国取引所（KRX）の時価総額は1.8兆ドルを超え、アジアトップ5の取引所に名を連ねています。しかし、「資本市場と金融投資業に関する法律（FSCMA）」を中心とする韓国の多層的な規制体系をナビゲートするには、開示義務、ライセンス要件、空売り規制、インサイダー取引禁止に関する深い理解が必要です。
1. 規制体制
1.1 金融委員会（FSC）と金融監督院（FSS）
政策立案権は閣僚級機関の金融委員会（FSC）に属し、FSCMAおよびその下位法令の起草・改正を担います。日常的な監督・検査・執行は準政府機関の金融監督院（FSS）が担当します。外国企業が韓国に証券会社、資産運用会社、投資顧問会社を設立するにはFSCの認可が必要で、継続的なFSS検査の対象となります。
2. 外国人投資家登録とQFI制度
2023年1月より、韓国は従来の外国人投資家登録証（FIRC）制度を適格外国人投資家（QFI）登録制度に切り替えました。外国機関投資家はFSSに直接QFI登録を行い、外国個人投資家は韓国証券会社または登録済み外国ブローカーを通じて取引します。単一上市会社の5%以上の株式を保有した場合、FSCMA第147条に基づく開示が必要となり、その後1%変動ごとに追加申告が求められます。
3. 空売り規制
裸空売り（無借株空売り）はFSCMA第180条で永久禁止されており、違反者は最大1年の懲役または3,000万ウォンの罰金に処せられます。カバード空売りは2025年3月以降、機関投資家とQFIにのみ認められており、KRXでの中央空売りポジション登録と発行済み株式の0.01%超のポジション報告が義務付けられています。
4. インサイダー取引と市場操作
FSCMA第174〜178条はインサイダー取引、市場操作、証券取引における詐欺的行為を禁止しています。「インサイダー」の定義は広く、取引の6ヶ月以内にインサイダーから重要な未公開情報（MNPI）を受け取った者も含まれます。刑事罰は最大10年の懲役と不正利益の5倍の罰金です。
5. 公開買付けと強制的な入札ルール
FSCMA第133条に基づき、市場内購入により5%の開示閾値を超えた後、さらに購入して5%以上となる場合は強制公開買付け（公開買収）が必要です。議決権株式の25%超の取得には、取得方法を問わず強制公開買付けが必要であり、少数株主が保護されます。
よくある質問（FAQ）
Q1：外国個人投資家は韓国株式を購入する前に登録が必要ですか？
A：2023年1月以降、外国個人投資家は外国人投資家登録証（FIRC）の取得が不要となりました。FSC認可の韓国証券会社または韓国市場へのアクセスを持つ国際ブローカーを通じて口座開設が可能です。
Q2：外国投資家の韓国証券収益に対する源泉徴収税率は？
A：韓国上場企業の配当は22%の源泉徴収税（法人税20%＋地方税2%）が適用されます。租税条約締約国のQFIが受け取る上場株式のキャピタルゲインは一般的に非課税です。
Q3：KOSDAQに韓国法人なしで上場できますか？
A：可能です。外国企業は「外国企業特例上場」トラックを利用できます。IFRS監査財務諸表、韓国指定アドバイザー（지정자문인）、韓国IRの担当者が必要です。
Q4：韓国上場企業の大量保有報告義務は？
A：5%保有時点で5営業日以内の報告が必要。以後1%変動ごとに5営業日以内の報告、10%以上は10営業日以内の主要株主報告が必要です。
Q5：韓国投資から資本や配当を本国送金できますか？
A：「外国為替取引法（FETA）」に基づき、源泉徴収税精算後は投資収益、配当、利息を自由に送金できます。5万ドル超の取引は指定外国為替銀行への事前報告が必要ですが、承認は不要です。
📌 公式参考資料
📚 関連記事
📋 Perspectiva Legal Coreana | Inversión Extranjera
Por el Abogado NOH UJIN | HANBYOL LAW LLC, Seúl
Ley de Valores de Corea y Regulación del Mercado Bursátil para Inversores Extranjeros
Los mercados de capitales de Corea del Sur se han vuelto cada vez más atractivos para inversores institucionales y minoristas extranjeros. Con una capitalización bursátil superior a 1,8 billones de dólares, la Bolsa de Valores de Corea (KRX) se ubica entre las cinco principales de Asia. Sin embargo, navegar la arquitectura regulatoria coreana —centrada en la Ley de Mercados de Capitales y Servicios de Inversión Financiera (FSCMA)— requiere una comprensión profunda de las obligaciones de divulgación, requisitos de licencias, reglas de ventas en corto y prohibiciones de uso de información privilegiada.
1. Arquitectura Regulatoria
1.1 Comisión de Servicios Financieros (FSC) y Servicio de Supervisión Financiera (FSS)
La autoridad de formulación de políticas recae en la Comisión de Servicios Financieros (FSC), un organismo de nivel ministerial. La supervisión diaria la ejerce el Servicio de Supervisión Financiera (FSS). Las empresas extranjeras que deseen establecer una correduría, gestora de activos o asesoría de inversión en Corea deben obtener autorización de la FSC.
2. Registro de Inversores Extranjeros y el Sistema QFI
Desde enero de 2023, Corea reemplazó el sistema FIRC por el sistema de registro de Inversores Extranjeros Calificados (QFI). Los inversores institucionales extranjeros se registran directamente ante la FSS; los inversores minoristas deben operar a través de corredoras coreanas o brokers extranjeros registrados. La tenencia del 5% o más en una empresa cotizada obliga a presentar informe según el Artículo 147 de la FSCMA, con informes adicionales por cada variación del 1%.
3. Regulación de Ventas en Corto
Las ventas en corto descubiertas (sin préstamo de valores) están permanentemente prohibidas por el Artículo 180 de la FSCMA. Las ventas en corto cubiertas están permitidas desde marzo de 2025 solo para inversores institucionales y QFIs, con obligación de registro central en KRX y reporte de posiciones superiores al 0,01% de las acciones en circulación.
4. Uso de Información Privilegiada y Manipulación de Mercado
Los Artículos 174 a 178 de la FSCMA prohíben el uso de información privilegiada, la manipulación del mercado y los medios fraudulentos en operaciones con valores. La definición de "persona con información privilegiada" es amplia e incluye a quienes recibieron información material no pública de un insider en los seis meses previos a la operación. Las sanciones penales alcanzan hasta 10 años de prisión y multas de hasta cinco veces el beneficio ilegal.
5. OPAs Obligatorias
Según el Artículo 133 de la FSCMA, si tras cruzar el umbral de divulgación del 5% se realizan nuevas compras que elevan la participación al 5% o más, se requiere una oferta pública de adquisición obligatoria. Para adquisiciones superiores al 25% de acciones con derecho a voto, la OPA es obligatoria independientemente del método de adquisición.
Preguntas Frecuentes (FAQ)
P1: ¿Necesitan los inversores extranjeros registrarse antes de comprar acciones coreanas?
R: Desde enero de 2023, los inversores extranjeros individuales ya no necesitan el FIRC. Pueden abrir cuenta a través de cualquier correduría coreana autorizada por la FSC o un bróker internacional con acceso al mercado coreano.
P2: ¿Cuáles son las tasas de retención sobre ingresos de valores coreanos para extranjeros?
R: Los dividendos tributan al 22% (20% impuesto corporativo + 2% recargo local). Las plusvalías de valores cotizados generalmente están exentas para QFIs de países con tratado tributario. Los intereses de bonos corporativos tributan al 22%, reducibles bajo tratados (ej.: 10% bajo el tratado Corea-EE.UU.).
P3: ¿Puede una empresa extranjera cotizar en KOSDAQ sin filial coreana?
R: Sí. Las empresas extranjeras pueden cotizar mediante el régimen de "lista especial para empresas extranjeras", con estados financieros auditados bajo NIIF, un asesor designado coreano y representante de relaciones con inversores en Corea.
P4: ¿Cuáles son las obligaciones de divulgación al adquirir participaciones significativas?
R: Al 5% de propiedad, se debe presentar un informe en 5 días hábiles. Cambios posteriores del 1% requieren reporte en 5 días hábiles. Al superar el 10%, se debe presentar un informe de accionista principal en 10 días hábiles.
P5: ¿Se puede repatriar capital o dividendos desde inversiones coreanas?
R: Bajo la Ley de Transacciones de Divisas Extranjeras (FETA), los inversores extranjeros pueden repatriar libremente beneficios, dividendos e intereses tras liquidar los impuestos retenidos aplicables.
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