World Intellectual Property Organization

Democratic People's Republic of Korea

Law of the Democratic People's Republic of Korea on Wholly Foreign-Owned Enterprises (as amended by Decree No. 484 of February 26, 1999, of the Presidium of the Supreme People's Assembly)

Date of entry into force of original text:October 5, 1992
Date of Text (Enacted):October 5, 1992
Type of Text:IP-related Laws: enacted by the Legislature
Subject Matter:Other
Notes:
Article 1 states that the Law of the Democratic People’s Republic of Korea on Wholly Foreign-Owned Enterprises is intended to ensure the establishment and operation of foreign enterprises and to expand and promote economic cooperation and exchange with other countries. Articles 2 and 3 state that a wholly foreign-owned enterprise can be set up by a foreign investor who invests the full amount of required capital in different industry sectors.
Article 7 states that a foreign investor who wishes to set up an enterprise shall submit the application accompanied, inter alia, with the documents of industrial property rights and technical know-how for the establishment of the enterprise to the Investment Control Center of the State.
Available Texts: 
English

Law of the Democratic People's Republic of Korea on Wholly Foreign-Owned Enterprises (as amended by Decree No. 484 of February 26, 1999, of the Presidium of the Supreme People's Assembly) Law of the Democratic People's Republic of Korea on Wholly Foreign-Owned Enterprises (as amended by Decree No. 484 of February 26, 1999, of the Presidium of the Supreme People's Assembly), Complete document (pdf) [18 KB]

Related Legislation:
WIPO Lex No.:KP010

Explore WIPO