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Law on Wholly Foreign-Owned Enterprises of the Democratic People's Republic of Korea (as amended up to Decree No. 1994 of November 29, 2011, of the Presidium of the Supreme People's Assembly), Democratic People's Republic of Korea

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Latest Version in WIPO Lex
Year of Version 2011 Dates Entry into force: October 5, 1992 Adopted: October 5, 1992 Type of Text IP-related Laws 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 Main text(s) Main text(s) Korean 조선민주주의인민공화국 외국인기업법 (2011년 11월 29일 최고인민회의 상임위원회 정령 제1994호로 수정보충) PDF HTML
Related Legislation Relates to (1 text(s)) Relates to (1 text(s))
Regulations for the Implementation of the Law on Wholly Foreign-Owned Enterprises (as amended up to Decision No. 22 of August 1, 2005, of the Cabinet) (KP032)
Supersedes (1 text(s)) Supersedes (1 text(s))
Law on Wholly Foreign-Owned Enterprises of the Democratic People's Republic of Korea (as amended by Decree No. 484 of February 26, 1999, of the Presidium of the Supreme People's Assembly)(KP010)


WIPO Lex No. KP031