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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), Democratic People's Republic of Korea


Latest Version in WIPO Lex
Year of Version 2005 Dates Adopted: October 27, 2000 Type of Text Implementing Rules/Regulations Subject Matter Other Notes Article 1 states that these regulations are intended to ensure the proper implementation of the Law of the Democratic People’s Republic of Korea on Wholly-Owned Enterprises.
Articles 14 and 18 state, inter alia, that a foreign investor who wishes to set up an enterprise shall submit the application for its establishment with the clear descriptions on industrial property rights and technical know-how.
Articles 32, 33 and 34 state that investor can invest in cash, industrial property right, technical know-how and that the investment in industrial property right and technical know-how shall not exceed the amount equivalent to 2% of the registered capital.

Available Texts Main text(s) Main text(s) Korean 외국인기업법 시행규정 (2005년 8월 1일 내각결정 제22호로 수정) PDF HTML
Legislation Relates to (1 text(s)) Relates to (1 text(s))
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) (KP031)
Supersedes (1 text(s)) Supersedes (1 text(s))
Regulations for the Implementation of the Law on Wholly Foreign-Owned Enterprises (adopted by Decision No. 60 of October 27, 2000, of the Cabinet)(KP012)

WIPO Lex No. KP032