About Intellectual Property IP Training Respect for IP IP Outreach IP for… IP and... IP in... Patent & Technology Information Trademark Information Industrial Design Information Geographical Indication Information Plant Variety Information (UPOV) IP Laws, Treaties & Judgements IP Resources IP Reports Patent Protection Trademark Protection Industrial Design Protection Geographical Indication Protection Plant Variety Protection (UPOV) IP Dispute Resolution IP Office Business Solutions Paying for IP Services Negotiation & Decision-Making Development Cooperation Innovation Support Public-Private Partnerships AI Tools & Services The Organization Working with WIPO Accountability Patents Trademarks Industrial Designs Geographical Indications Copyright Trade Secrets WIPO Academy Workshops & Seminars IP Enforcement WIPO ALERT Raising Awareness World IP Day WIPO Magazine Case Studies & Success Stories IP News WIPO Awards Business Universities Indigenous Peoples Judiciaries Genetic Resources, Traditional Knowledge and Traditional Cultural Expressions Economics Gender Equality Global Health Climate Change Competition Policy Sustainable Development Goals Frontier Technologies Mobile Applications Sports Tourism PATENTSCOPE Patent Analytics International Patent Classification ARDI – Research for Innovation ASPI – Specialized Patent Information Global Brand Database Madrid Monitor Article 6ter Express Database Nice Classification Vienna Classification Global Design Database International Designs Bulletin Hague Express Database Locarno Classification Lisbon Express Database Global Brand Database for GIs PLUTO Plant Variety Database GENIE Database WIPO-Administered Treaties WIPO Lex - IP Laws, Treaties & Judgments WIPO Standards IP Statistics WIPO Pearl (Terminology) WIPO Publications Country IP Profiles WIPO Knowledge Center WIPO Technology Trends Global Innovation Index World Intellectual Property Report PCT – The International Patent System ePCT Budapest – The International Microorganism Deposit System Madrid – The International Trademark System eMadrid Article 6ter (armorial bearings, flags, state emblems) Hague – The International Design System eHague Lisbon – The International System of Appellations of Origin and Geographical Indications eLisbon UPOV PRISMA UPOV e-PVP Administration UPOV e-PVP DUS Exchange Mediation Arbitration Expert Determination Domain Name Disputes Centralized Access to Search and Examination (CASE) Digital Access Service (DAS) WIPO Pay Current Account at WIPO WIPO Assemblies Standing Committees Calendar of Meetings WIPO Webcast WIPO Official Documents Development Agenda Technical Assistance IP Training Institutions COVID-19 Support National IP Strategies Policy & Legislative Advice Cooperation Hub Technology and Innovation Support Centers (TISC) Technology Transfer Inventor Assistance Program WIPO GREEN WIPO's Pat-INFORMED Accessible Books Consortium WIPO for Creators WIPO Translate Speech-to-Text Classification Assistant Member States Observers Director General Activities by Unit External Offices Job Vacancies Procurement Results & Budget Financial Reporting Oversight
Arabic English Spanish French Russian Chinese
Laws Treaties Judgments Browse By Jurisdiction

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


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